Entravision 2Q TV Revenue Slips 3% To $36.5M

On Thursday, Entravision Communications Corp. reported that its television segment revenue for the three months ended June 30 decreased 3% to $36.5 million from $37.8 million in the same quarter a year earlier.

The television segment’s operating expenses were up 2% to $20.5 million.

Digital segment revenue, however, rose 32% — to $20.6 million from $15.6 million.

For the company as a whole (including its radio segment), 2Q net revenue was $74.3 million, a 5% increase from the year-ago quarter’s $70.5 million.

Commenting on the company’s earnings results, Walter F. Ulloa, chairman-CEO, said: “During the second quarter, we achieved revenue growth driven by increases in our digital media segment. This growth in our digital media segment offsets a decrease in our television segment, while our radio segment was flat.

“We also improved our free cash flow and net income over last year’s second quarter.  Additionally, we continued to build our digital footprint through our acquisition of Smadex, a digital advertising technology company, while implementing steps to more efficiently align operations and reduce costs.

“Looking ahead, we remain well positioned to build on our success in further attracting Latino and other audiences worldwide, and expanding our advertiser base to the benefit of our shareholders.”

Read the company’s report here.