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Sep 30, 2021
Entravision Q3 2021 Earnings Report
Entravision reported strong third quarter results driven by digital segment growth and strategic acquisitions.
Key Takeaways
Entravision Communications Corporation reported a significant increase in revenue for the third quarter of 2021, with a 216% increase compared to the prior-year period. The growth was primarily driven by the digital segment, which now comprises 73% of total revenue. The company also completed several strategic acquisitions during the quarter, expanding its reach in Latin America, Southeast Asia, and Africa.
Net revenue increased by 216% year-over-year.
Net income attributable to common stockholders increased by 35% year-over-year.
Consolidated Adjusted EBITDA increased by 42% year-over-year.
Digital segment accounted for 73% of total revenue.
Entravision
Entravision
Forward Guidance
No specific forward guidance was provided in the earnings report.