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Sep 30, 2020
Entravision Q3 2020 Earnings Report
Entravision's Q3 2020 earnings were reported with revenues improving across all three operating segments and operating expenses declining.
Key Takeaways
Entravision Communications Corporation reported a strong third quarter compared to the second quarter, with revenues improving across all three operating segments. A key driver was television and radio political advertising sales, which outpaced expectations. Operating expenses declined 21% compared to the prior year period. Subsequent to quarter end, they announced a strategic majority investment in Cisneros Interactive.
Revenues improved across all three operating segments.
Television and radio political advertising sales outpaced expectations.
Operating expenses declined 21% compared to the prior year period.
Strategic majority investment in Cisneros Interactive was announced.
Entravision
Entravision
Forward Guidance
Entravision is cautiously optimistic about its future prospects.