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Sep 30, 2022
Entravision Q3 2022 Earnings Report
Reported a 21% increase in net revenue and a 12% increase in consolidated adjusted EBITDA compared to the prior-year quarter.
Key Takeaways
Entravision Communications Corporation reported a strong third quarter in 2022, with a 21% increase in net revenue and a 12% increase in consolidated adjusted EBITDA compared to the prior-year period. The growth was primarily driven by the digital segment, which saw a 29% increase in revenue. Political ad spend also contributed to the positive results in the television and audio businesses.
Record third quarter advertising revenue was achieved.
Net revenue increased by 21% year-over-year.
Consolidated adjusted EBITDA grew by 12% year-over-year.
Digital segment revenue increased by 29% year-over-year.
Forward Guidance
The company continues to strategically expand across the globe and now has operations in 40 countries across five continents in service of more than 7,000 clients. They are thoughtfully positioning their digital teams in emerging economies where Entravision’s unique offerings have a key first-mover advantage and where a critical mass of connected consumers exists alongside a growing advertising industry.
Historical Earnings Impact
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