Growth is fueled by retrans, political and World Cup advertising that helped offset decreases in local and national ad revenue.
On Thursday, Entravision Communications Corp. reported fourth quarter and full-year 2014 television segment revenue of $43.3 million in 4Q, an increase of 1% from the same period in 2013, while full-year TV segment revenue totaled $165.5 million, up 5% from the previous year.
Operating expenses for TV in 4Q were $21 million, up 1% compared to a year ago, while 2014 operating expenses for the TV division totaled $80.8 million, up 2% from 2013..
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 television, radio and digital media segments, as well as retransmission consent revenue and political advertising revenue.
“We also improved our free cash flow, and 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 net revenue of $65.3 million, up 9% from 4Q 2013. Net revenue for the full year was $242 million, an 8% increase.
Read the company’s report here.