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Dec 31, 2019
Entravision Q4 2019 Earnings Report
Entravision's Q4 2019 performance was impacted by declines in television and radio segments, while the digital segment experienced growth. The company maintained a solid balance sheet and returned capital to shareholders through share repurchases and dividends.
Key Takeaways
Entravision Communications reported a decrease in net revenue for Q4 2019, primarily due to declines in the television and radio segments, which was partially offset by growth in the digital segment. The company reported net income of $7.36 million, or $0.09 per share. They also announced a quarterly cash dividend of $0.05 per share.
Net revenue decreased by 14% compared to Q4 2018, totaling $70.838 million.
The television segment experienced a decline in revenue due to decreased political advertising and national/local advertising.
The radio segment also saw a decrease in revenue due to similar factors as the television segment.
The digital segment experienced a slight increase in revenue.
Forward Guidance
Entravision remains well positioned to build on its success in further attracting Latino and other audiences worldwide, as it executes its multiplatform strategy to the benefit of its shareholders.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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