Entravision 4Q Revenue Up 36%

On Thursday, Entravision Communications Corp. reported fourth quarter net revenue of $233,894,000, a 36% increase from $171,683,000 in the same period a year earlier.

Of the overall increase, approximately $72.6 million was attributable to the Digital segment and was primarily due to advertising revenue resulting from the acquisition of a majority interest in Cisneros Interactive during the fourth quarter of 2020, which became wholly-owned during the third quarter of 2021, and due to advertising revenue resulting from the acquisitions of MediaDonuts and 365 Digital during the third and fourth quarters of 2021, respectively. The overall increase was partially offset by a decrease of approximately $10.4 million that was attributable to our Television and Audio segments primarily due to decreases in political advertising revenue, partially offset by increases in local and national advertising revenue.

The Digital segment reported 69% revenue growth to $177,512,000, followed by Television at $40,241,000 (down 20% from a year ago) and Audio, which was flat at $16,141.

Commenting on the company’s earnings results, Walter F. Ulloa, chairman-CEO, said: “2021 was a transformational year for Entravision, with revenue and free cash flow reaching record levels. Our growth for the fourth quarter and full year 2021 was largely driven by the expansion of our digital business, which comprised 73% of our net revenue. Core television and audio also contributed to our overall strength during the year as we maintained our exceptional talent, programming and ratings. In addition, we saw great advancements in profitability. Full year consolidated adjusted EBITDA of $88 million improved 46% over 2020, demonstrating our growth and continued expense management.”

“I am very pleased with the continued transformation of Entravision’s business. Through both organic growth and strategic acquisitions we have become a leading global advertising solutions, media and technology company, serving over 3,000 clients each month in over 30 countries. We connect brands and advertisers with consumers in primarily emerging growth markets around the world and are excited about this enormous opportunity. I believe we have a talented, experienced and energetic team of professionals around the world with the expertise and resources to continue to grow Entravision’s business into the future.”

Read the company’s report here.