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Sep 30, 2023
Entravision Q3 2023 Earnings Report
Entravision's Q3 2023 earnings were reported, demonstrating record quarterly advertising revenue with a 14% increase year-over-year, offset by a 71% decrease in net income attributable to common stockholders.
Key Takeaways
Entravision Communications Corporation reported record quarterly advertising revenue, driven by the Digital segment, which now comprises 84% of total revenue. However, net income attributable to common stockholders decreased by 71% compared to the prior-year quarter, and Consolidated EBITDA was down by 45%.
Record quarterly advertising revenue achieved.
Net revenue increased by 14% year-over-year.
Net income attributable to common stockholders decreased by 71% year-over-year.
Digital segment now comprises 84% of total revenue.
Entravision
Entravision
Forward Guidance
The company anticipates increased political spending ahead of the 2024 elections will benefit our Television and Audio segments and Consolidated EBITDA in the quarters to come.