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Sep 30, 2024

Entravision Q3 2024 Earnings Report

Entravision reported Q3 2024 results with new operating segments and double-digit revenue growth.

Key Takeaways

Entravision Communications Corporation reported a 25% increase in net revenue from continuing operations for Q3 2024 compared to the same quarter in 2023, driven primarily by growth in political advertising revenue and Smadex. The company's Board of Directors approved a quarterly cash dividend of $0.05 per share.

Realigned operating segments into Media and Advertising Technology & Services.

Net revenue from continuing operations increased by 25% compared to Q3 2023.

Growth driven by political advertising revenue and Smadex.

Declared a quarterly cash dividend of $0.05 per share payable on December 31, 2024.

Total Revenue
$97.2M
Previous year: $274M
-64.6%
EPS
-$0.13
Previous year: $0.03
-533.3%
Gross Profit
$30.9M
Previous year: $35.9M
-14.1%
Cash and Equivalents
$90.3M
Previous year: $111M
-18.4%
Free Cash Flow
$9.3M
Previous year: $4M
+132.2%
Total Assets
$557M
Previous year: $876M
-36.4%

Entravision

Entravision

Forward Guidance

The Company currently anticipates that future cash dividends will be paid on a quarterly basis; however, any decision to pay future cash dividends will be subject to approval by the Board.