Entravision 4Q TV Revenue Slips 8%

On Thursday, Entravision Communications Corp. reported fourth quarter 2015 television segment revenue of $39.8 million, a decrease of 8% from $43.3 million in the same period of 2014. For the full year, TV segment revenue dipped 4% to $159 million.

The company attributed the decrease to the absence of World Cup and significant political advertising revenue in 2015 compared to 2014, and a decrease in local advertising revenue, partially offset by an increase in retransmission consent revenue.

Operating expenses for TV in 4Q were $20.7 million, down 2% compared to the year-earlier quarter, while for the full year they were basically flat at $80.6 million.

Commenting on the company’s earnings results, Walter F. Ulloa, chairman-CEO, said: “During the fourth quarter, we achieved revenue growth driven by increases in our radio and digital media segments, as well as an increase in core television advertising revenue (excluding retransmission consent revenue and political advertising revenue).

“We continued to build our digital footprint through the acquisition of Pulpo Media in June 2014, which provides us with an integrated platform to allow advertisers and marketers to connect with Latino audiences.  Looking ahead, we remain well positioned to build on our success in attracting Latino audiences, expanding our advertiser base and monetizing our reach to the benefit of our shareholders.”

The company as a whole reported 4Q net revenue of $65.4 million, basically flat from the prior year’s quarter; full-year net revenue rose 5% to $254.1 million. Net income in the quarter was flat at $65.4 million, for the full year it was up 5% to $254.1 million.

Read the company’s report here.