Entravision Reports Second Quarter 2026 Results

About this update from Entravision Communications Corporation

Entravision Communications Corporation (NYSE: EVC), a media and advertising technology company, today announced financial results for its second quarter ended June 30, 2026. "Net revenue in our Media segment decreased 1% in second quarter 2026 compared to second quarter 2025 due to lower broadcast advertising revenue and revenue from spectrum usage rights which were partially offset by an increase in digital advertising revenue and retransmission fees. Local advertising revenue increased 1% and national advertising revenue decreased 19%, excluding political revenue," said Michael Christenson, Chief Executive Officer. "Net revenue in our Advertising Technology & Services segment increased 230% in second quarter 2026 compared to second quarter 2025. The ATS segment had higher monthly active advertisers and higher revenue per monthly active advertiser. These results were driven by the investments in the AI capabilities of our platform and our expanded sales capacity." Mr. Christenson continued, “We repaid $5 million on our bank term loan in the second quarter of 2026, and we remain committed to reducing our debt and maintaining a strong balance sheet.” Highlights Entravision reports its operating results for two segments. The Media segment provides video, audio and digital marketing services to local and national advertisers in the U.S. The Advertising Technology & Services ("ATS") segment provides programmatic advertising technology and services to advertisers and mobile app developers on a global basis. Consolidated net revenue increased 126% for second quarter 2026 compared to second quarter 2025, and increased 121% for six-month period ended June 30, 2026 compared to same period in 2025. Media segment net revenue decreased 1% for second quarter 2026 compared to second quarter 2025, primarily due to a decrease in broadcast advertising revenue and a decrease in spectrum usage rights revenue, partially offset by an increase in digital advertising revenue and an increase in retransmission consent revenue. Media segment net revenue increased 1% for six-month period ended June 30, 2026 compared to same period in 2025 primarily due to an increase in digital advertising revenue and an increase in retransmission consent revenue, partially offset by a decrease in broadcast advertising revenue and a decrease in spectrum usage rights revenue. ATS segment net revenue increased 230% for second quarter 2026 compared to second quarter 2025, and increased 218% for six-month period ended June 30, 2026 compared to same period in 2025, primarily due to increases in monthly active advertisers and revenue per monthly active advertiser, which were driven by investments we made in the AI capabilities of our platform and increased sales capacity. Segment operating profit was $36.7 million for second quarter 2026, compared to operating profit of $5.5 million for second quarter 2025. Segment operating profit was $65.8 million for six-month period ended June 30, 2026 compared to operating profit of $9.4 million for six-month period ended June 30, 2025. Media segment operating loss was $3.3 million for second quarter 2026, compared to operating profit of $0.4 million for second quarter 2025. Media segment operating loss was $8.5 million for six-month period ended June 30, 2026, compared to operating loss of $2.3 million for six-month period ended June 30, 2025. ATS segment operating profit was $40.0 million for second quarter 2026, compared to operating profit of $5.2 million for second quarter 2025. ATS segment operating profit was $74.3 million for six-month period ended June 30, 2026, compared to operating profit of $11.7 million for six-month period ended June 30, 2025. Corporate expenses increased 3% for second quarter 2026 compared to second quarter 2025, primarily due an increase in non-cash stock-based compensation. Corporate expenses decreased 3% for six-month period ended June 30, 2026 compared to same period in 2025, primarily due to a decrease in audit fees and other professional services, partially offset by an increase in non-cash stock-based compensation. The company made a $5.0 million scheduled debt payment and paid a dividend of $4.6 million in second quarter 2026. The company had $83.4 million in cash and cash equivalents and marketable securities and $157.3 million of long-term debt and current maturities of long-term debt as of June 30, 2026. Entravision’s board of directors approved a quarterly cash dividend to shareholders of $0.05 per share on the company's Class A and Class U common stock. The dividend is payable on September 30, 2026 to shareholders of record as of the close of business on September 16, 2026. Notice of Conference Call Entravision will host a webinar to discuss its second quarter 2026 results on Monday, August 10, 2026 at 5:00 p.m. Eastern Time . The webinar may be accessed on company’s Investor Relations website at investor.entravision.com or via webinar registration . The webinar will also be archived on the company’s Investor Relations website under the Events section. About Entravision Entravision is a media and advertising technology company. In the U.S., we provide video, audio and digital marketing services to local and national advertisers through a portfolio of television and radio stations and digital advertising services that target Latino audiences. Our advertising technology business provides programmatic advertising technology and services to advertisers and app developers on a global basis. Entravision is the largest affiliate group of the Univision and UniMás television networks. The term "Entravision" as used in this press release refers to Entravision Communications Corporation. Shares of Entravision Class A Common Stock trade on the NYSE under the ticker: EVC. Learn more about us at entravision.com . Forward-Looking Statements This press release contains certain forward-looking statements. These forward-looking statements, which are included in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this press release. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that actual results will not differ materially from these expectations, and the Company disclaims any duty to update any forward-looking statements made by the Company. From time to time, these risks, uncertainties and other factors are discussed in the Company’s filings with the Securities and Exchange Commission. Entravision Communications Corporation Segment Results (Unaudited) (In thousands)                             Three-Month Period         Six-Month Period         Ended June 30,   %   Ended June 30,   %     2026   2025   Change   2026   2025   Change Net revenue                                   Media   $ 45,080     $ 45,413       (1 )%   $ 87,501     $ 86,390     1 % Advertising Technology & Services     182,821       55,322       230 %     337,371       106,196     218 % Consolidated     227,901       100,735       126 %     424,872       192,586     121 %                                     Cost of revenue                                   Media     6,064       4,651       30 %     11,429       7,917     44 % Advertising Technology & Services     111,870       33,359       235 %     208,459       63,565     228 % Consolidated     117,934       38,010       210 %     219,888       71,482     208 %                                     Direct operating expenses                                   Media     28,753       26,795       7 %     56,889       53,345     7 % Advertising Technology & Services     21,868       10,917       100 %     38,531       19,869     94 % Consolidated     50,621       37,712       34 %     95,420       73,214     30 %                                     Selling, general and administrative expenses                                   Media     10,662       11,006       (3 )%     22,014       21,811     1 % Advertising Technology & Services     8,351       5,447       53 %     15,138       10,148     49 % Consolidated     19,013       16,453       16 %     37,152       31,959     16 %                                     Depreciation and amortization                                   Media     2,881       2,607       11 %     5,667       5,577     2 % Advertising Technology & Services     703       420       67 %     908       927     (2 )% Consolidated     3,584       3,027       18 %     6,575       6,504     1 %                                     Segment operating profit (loss)                                   Media     (3,280 )     354     *       (8,498 )     (2,260 )   276 % Advertising Technology & Services     40,029       5,179       673 %     74,335       11,687     536 % Consolidated     36,749       5,533       564 %     65,837       9,427     598 %                                     Corporate expenses     6,597       6,375       3 %     13,770       14,163     (3 )% Impairment charge     -       -     -       -       23,673     (100 )% Loss on lease abandonment     -       -     -       -       25,191     (100 )% Restructuring costs     -       -     -       983       -     * Foreign currency (gain) loss     301       6     *       544       18     * Other operating (gain) loss     (116 )     -     *       (116 )     -     * Operating income (loss)     29,967       (848 )   *       50,656       (53,618 )   *                                     Interest expense   $ (3,146 )   $ (4,037 )     (22 )%   $ (6,461 )   $ (7,700 )   (16 )% Interest income     606       619       (2 )%     964       1,224     (21 )% Dividend income     15       1     *       29       1     * Realized gain (loss) on marketable securities     3       3       0 %     11       4     175 % Gain (loss) on debt extinguishment     -       (38 )     (100 )%     -       (38 )   (100 )% Income (loss) before income taxes     27,445       (4,300 )   *       45,199       (60,127 )   *                                     Capital expenditures                                   Media   $ 2,773     $ 1,970           $ 5,672     $ 4,330       Advertising Technology & Services     397       301             1,395       325       Consolidated   $ 3,170     $ 2,271           $ 7,067     $ 4,655                                             Entravision Communications Corporation Consolidated Statements of Operations (Unaudited) (In thousands, except share and per share data)                   Three-Month Period   Six-Month Period     Ended June 30,   Ended June 30,     2026   2025   2026   2025 Net revenue   $ 227,901     $ 100,735     $ 424,872     $ 192,586                             Expenses:                         Cost of revenue     117,934       38,010       219,888       71,482   Direct operating expenses     50,621       37,712       95,420       73,214   Selling, general and administrative expenses     19,013       16,453       37,152       31,959   Corporate expenses     6,597       6,375       13,770       14,163   Depreciation and amortization     3,584       3,027       6,575       6,504   Impairment charge     —       —       —       23,673   Loss on lease abandonment     —       —       —       25,191   Restructuring costs     —       —       983       —   Foreign currency (gain) loss     301       6       544       18   Other operating (gain) loss     (116 )     —       (116 )     —   Total expenses     197,934       101,583       374,216       246,204   Operating income (loss)     29,967       (848 )     50,656       (53,618 ) Interest expense     (3,146 )     (4,037 )     (6,461 )     (7,700 ) Interest income     606       619       964       1,224   Dividend income     15       1       29       1   Realized gain (loss) on marketable securities     3       3       11       4   Gain (loss) on debt extinguishment     —       (38 )     —       (38 ) Income (loss) before income taxes     27,445       (4,300 )     45,199       (60,127 ) Income tax benefit (expense)     (7,759 )     800       (13,153 )     8,852   Net income (loss) from continuing operations     19,686       (3,500 )     32,046       (51,275 ) Net income (loss) from discontinued operations, net of tax     —       163       —       (28 ) Net income (loss) attributable to common stockholders   $ 19,686     $ (3,337 )   $ 32,046     $ (51,303 )                           Basic and diluted earnings per share:                         Net income (loss) per share from continuing operations, basic   $ 0.21     $ (0.04 )   $ 0.35     $ (0.56 ) Net income (loss) per share from continuing operations, diluted   $ 0.19     $ (0.04 )   $ 0.32     $ (0.56 )                           Net income (loss) per share from discontinued operations, basic and diluted   $ -     $ 0.00     $ -     $ (0.00 )                           Net income (loss) per share attributable to common stockholders, basic   $ 0.21     $ (0.04 )   $ 0.35     $ (0.56 ) Net income (loss) per share attributable to common stockholders, diluted   $ 0.19     $ (0.04 )   $ 0.32     $ (0.56 )                           Cash dividends declared per common share, basic and diluted   $ 0.05     $ 0.05     $ 0.10     $ 0.10                             Weighted average common shares outstanding, basic     92,113,571       90,976,288       92,049,879       90,976,288   Weighted average common shares outstanding, diluted     102,857,606       90,976,288       99,639,247       90,976,288     Entravision Communications Corporation Consolidated Balance Sheets (Unaudited) (In thousands)                   June 30,   December 31,     2026   2025 ASSETS             Current assets             Cash and cash equivalents   $ 80,794     $ 59,439   Marketable securities     2,587       3,762   Restricted cash     800       797   Trade receivables, net of allowance for doubtful accounts     132,393       94,912   Prepaid expenses and other current assets     23,722       18,974   Assets held for sale     3,635       5,597   Total current assets     243,931       183,481   Property and equipment, net     46,239       44,797   Intangible assets subject to amortization, net     1,744       2,593   Intangible assets not subject to amortization     123,275       123,275   Goodwill     7,352       7,352   Deferred income taxes     3,824       3,823   Operating leases right of use asset     20,766       18,807   Other assets     3,552       3,383   Total assets   $ 450,683     $ 387,511   LIABILITIES AND STOCKHOLDERS' EQUITY             Current liabilities             Current maturities of long-term debt   $ 20,000     $ 20,000   Accounts payable and accrued expenses     133,529       91,736   Operating lease liabilities     11,278       9,737   Total current liabilities     164,807       121,473   Long-term debt, less current maturities, net of unamortized debt issuance costs     137,270       147,119   Long-term operating lease liabilities     37,722       36,775   Other long-term liabilities     13,210       12,197   Deferred income taxes     14,116       14,505   Total liabilities     367,125       332,069   Stockholders' equity             Class A common stock     8       8   Class U common stock     1       1   Additional paid-in capital     800,167       804,075   Accumulated deficit     (715,841 )     (747,887 ) Accumulated other comprehensive income (loss)     (777 )     (755 ) Total stockholders' equity     83,558       55,442   Total liabilities and equity   $ 450,683     $ 387,511     Entravision Communications Corporation Consolidated Statements of Cash Flows (Unaudited) (In thousands)                   Three-Month Period     Six-Month Period     Ended June 30,   Ended June 30,     2026   2025   2026   2025 Cash flows from operating activities:                         Net income (loss) attributable to common stockholders   $ 19,686     $ (3,337 )   $ 32,046     $ (51,303 ) Adjustments to reconcile net income (loss) to net cash provided by operating activities:                         Depreciation and amortization     3,584       3,027       6,575       6,504   Impairment charge     —       —       —       23,673   Loss on lease abandonment     —       —       —       25,191   Deferred income taxes     (629 )     (5,412 )     (389 )     (6,879 ) Non-cash interest     396       404       819       580   Amortization of syndication contracts     99       111       198       221   Payments on syndication contracts     (71 )     (111 )     (138 )     (220 ) Non-cash stock-based compensation     4,323       2,685       7,575       5,298   (Gain) loss on marketable securities     (3 )     (3 )     (11 )     (4 ) (Gain) loss on disposal of property and equipment     (113 )     2       (26 )     6   (Gain) loss on debt extinguishment     —       38       —       38   Changes in assets and liabilities:                         (Increase) decrease in accounts receivable     (4,731 )     479       (37,413 )     (9,981 ) (Increase) decrease in prepaid expenses and other current assets, operating leases right of use asset and other assets     3,320       8,181       (1,156 )     (1,348 ) Increase (decrease) in accounts payable, accrued expenses and other liabilities     (2,091 )     1,764       37,474       808   Net cash provided by (used in) operating activities     23,770       7,828       45,554       (7,416 ) Cash flows from investing activities:                         Proceeds from sale of assets     1,892       —       1,892       —   Purchases of property and equipment     (3,321 )     (2,161 )     (6,958 )     (4,804 ) Purchases of marketable securities     2       (747 )     -       (965 ) Proceeds from sale of marketable securities     407       561       1,167       947   Net cash provided by (used in) investing activities     (1,020 )     (2,347 )     (3,899 )     (4,822 ) Cash flows from financing activities:                         Tax payments related to shares withheld for share-based compensation plans     (487 )     —       (1,025 )     —   Payments on debt     (5,000 )     (10,000 )     (10,000 )     (10,000 ) Dividends paid     (4,611 )     (4,549 )     (9,213 )     (9,098 ) Principal payments under finance lease obligation     (28 )     (32 )     (59 )     (65 ) Net cash provided by (used in) financing activities     (10,126 )     (14,581 )     (20,297 )     (19,163 ) Net increase (decrease) in cash, cash equivalents and restricted cash     12,624       (9,100 )     21,358       (31,401 ) Cash, cash equivalents and restricted cash:                         Beginning     68,970       74,399       60,236       96,700   Ending   $ 81,594     $ 65,299     $ 81,594     $ 65,299     View source version on businesswire.com: https://www.businesswire.com/news/home/20260810700855/en/

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