Entravision Communications Corporation (EVC) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Greetings and welcome to the Intravision First Quarter 2025 Earnings Conference Call. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Roy Neer. Please go ahead. Good afternoon, everyone, and welcome to Intravision's First Quarter 2025 Earnings Call. I am Roy Neer, Vice President of Financial Reporting and Investor Relations. Joining me today are Michael Christiansen, our Chief Executive Officer, and Mark Belke, our Chief Financial Officer. Before we begin, I would like to inform you that this call will contain forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ. Please refer to Entrevision's SEC filings for a list of risks and uncertainties that could impact actual results. The press release is available on the company's investor relations page and was filed with the SEC on form 8A. I will now turn the call over to Michael Christensen. Thanks, Roy. And thank you to all of you for joining our call today. As Roy said, we're here to discuss our results for the first quarter of 2025. And we'll be taking questions at the end of our remarks. As you saw in our press release, on a consolidated basis, we increased our revenue 17% to $91.9 million in 1Q25 compared to 1Q24. Excluding certain non-cash accounting charges that Mark will discuss, we had an operating loss of $3.9 million in 1Q25. Our objective is to grow our business and earn a profit, so we acknowledge we have work to do to improve our operating performance. As you all know, we report our results for two segments, media and advertising technology and services, what we call ATS. For our media segment, our revenue declined 10% in 1Q25, compared to 1Q24. Some of our local advertisers reduced their ad spend in 1...