TV segment operating expenses grew only 1% from this time last year.
QUARTERLY REPORT
Entravision TV Revenue Up 5% In 1Q
On Thursday, Entravision Communications Corp. reported first quarter television segment revenue of $39.5 million, a 5% increase over $37.7 million in the same period a year ago.
Operating expenses for TV in the quarter were $19.7 million, up 1% from $19.5 million in 1Q 2014.
Commenting on the company’s earnings results, Walter F. Ulloa, chairman-CEO, said: “During the first quarter, we achieved revenue growth driven by increases in our television, radio and digital media segments. We also improved our free cash flow and net income over the first quarter of 2014.
“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 $59.5 million, up 13% from 1Q 2014’s $52.7 million. Net income for the quarter was $5.3 million, a 20% increase from $4.4 million last year.
BRAND CONNECTIONS
Read the company’s report here.
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