Entravision Communications Corporation Reports Fourth Quarter and Full Year 2025 Results

Key Terms

programmatic advertising technical

Programmatic advertising is the automated buying and selling of digital ad space using software and data to match ads to specific audiences in real time, like an electronic auction where advertisers bid for attention and publishers sell ad slots. It matters to investors because it shapes how efficiently a company can turn user attention into predictable revenue, affects margins and growth potential, and brings data-privacy and platform-quality risks that can influence future earnings.

marketable securities financial

Marketable securities are financial assets — such as publicly traded stocks, bonds, and short-term government bills — that a company can quickly sell for cash at a known price. Investors watch them because they show how much ready cash a company can access without selling core operations, like keeping money in a highly liquid savings account versus being tied up in a house, and they affect short-term risk, financial flexibility, and balance-sheet strength.

BURBANK, Calif.--(BUSINESS WIRE)-- Entravision Communications Corporation (NYSE: EVC), a media and advertising technology company, today announced financial results for its fourth quarter and fiscal year ended December 31, 2025.

"Our Media segment net revenue declined 32% in the fourth quarter of 2025 year-over-year, primarily due to lower political revenue. These results included a 4% increase in local advertising revenue and a 5% decline in national advertising revenue, excluding political revenue," said Michael Christenson, Chief Executive Officer. "Our Advertising Technology & Services segment net revenue increased 123% in the fourth quarter of 2025 year-over-year. This performance was driven by our strategic investments in the AI capabilities of our platform and expanded sales capacity. Our Advertising Technology & Services segment had higher monthly active advertisers and higher revenue per monthly active advertiser."

Mr. Christenson continued, “We repaid $5 million on our bank term loan in the fourth quarter of 2025, bringing our total reduction during the full year to $20 million. We remain committed to reducing our debt and maintaining a strong balance sheet.”

Highlights

Entravision reports its operating results for two segments. The Media segment provides video, audio and digital marketing services to local and national advertisers in the U.S. The Advertising Technology & Services ("ATS") segment provides programmatic advertising technology and services to advertisers and mobile app developers on a global basis.

• Consolidated net revenue increased 26% for fourth quarter 2025 compared to fourth quarter 2024, and increased 23% for full year 2025 compared to full year 2024.
  • Media segment net revenue decreased 32% for fourth quarter 2025 compared to fourth quarter 2024, and decreased 20% for full year 2025 compared to full year 2024, primarily due to decreases in political advertising revenue, retransmission consent revenue, and spectrum usage rights revenue, partially offset by an increase in digital advertising revenue.
  • ATS segment net revenue increased 123% for fourth quarter 2025 compared to fourth quarter 2024, and increased 90% for full year 2025 compared to full year 2024, primarily due to increases in advertising revenue including advertising spend per client.
• Segment operating profit was $11.9 million for fourth quarter 2025, a decrease of 43% compared to fourth quarter 2024. Segment operating profit was $27.6 million for full year 2025, a decrease of 41% compared to full year 2024.
  • Media segment operating loss was $0.4 million for fourth quarter 2025, compared to operating profit of $18.5 million for fourth quarter 2024. Media segment operating loss was $6.2 million for full year 2025, compared to operating profit of $38.7 million for full year 2024.
  • ATS segment operating profit was $12.3 million for fourth quarter 2025, an increase of 464% compared to fourth quarter 2024. ATS segment operating profit was $33.8 million for full year 2025, an increase of 317% compared to full year 2024.
• Corporate expenses decreased 13% for fourth quarter 2025 compared to fourth quarter 2024, primarily due to expense reductions in rent and professional services. Corporate expenses decreased 28% for full year 2025 compared to full year 2024, primarily due to expense reductions in salaries, non-cash stock-based compensation, rent and professional services.
• The company made a $5.0 million scheduled debt payment and paid a dividend of $4.6 million in fourth quarter 2025.
• The company had $63.2 million in cash and cash equivalents and marketable securities as of December 31, 2025, compared to $100.6 million as of December 31, 2024. Net cash provided by operating activities was $9.8 million and $10.6 million for fourth quarter and full year 2025, respectively.
• Entravision’s board of directors approved a quarterly cash dividend to shareholders of $0.05 per share on the company's Class A and Class U common stock. The dividend is payable on March 31, 2026 to shareholders of record as of the close of business on March 17, 2026.

Notice of Conference Call

Entravision will host a webinar to discuss its fourth quarter and full year 2025 results on Thursday, March 5, 2026 at 5:00 p.m. Eastern Time. The webinar may be accessed on company’s Investor Relations website at investor.entravision.com or via webinar registration. The webinar will also be archived on the company’s Investor Relations website under the Events section.

About Entravision Communications Corporation

Entravision is a media and advertising technology company. In the U.S., we provide video, audio and digital marketing services to local and national advertisers through a portfolio of television and radio stations and digital advertising services that target Latino audiences. Our advertising technology business provides programmatic advertising technology and services to advertisers and app developers on a global basis. Entravision is the largest affiliate group of the Univision and UniMás television networks. Shares of Entravision Class A Common Stock trade on the NYSE under the ticker: EVC. Learn more about us at entravision.com.

Forward-Looking Statements

This press release contains certain forward-looking statements. These forward-looking statements, which are included in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this press release. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that actual results will not differ materially from these expectations, and the Company disclaims any duty to update any forward-looking statements made by the Company. From time to time, these risks, uncertainties and other factors are discussed in the Company’s filings with the Securities and Exchange Commission.

Entravision Communications Corporation Segment Results (Unaudited) (In thousands)
		Three-Month Ended												Year Ended
		December 31,												December 31,
		2025				2024				% Change				2025				2024				% Change
Net Revenue
Media		$	45,764			$	67,260				(32	)%		$	176,659			$	222,061				(20	)%
Advertising Technology & Services			88,614				39,702				123	%			270,935				142,887				90	%
Consolidated			134,378				106,962				26	%			447,594				364,948				23	%
Cost of revenue
Media		$	5,308			$	4,838				10	%		$	18,240			$	16,726				9	%
Advertising Technology & Services			56,336				23,475				140	%			165,872				85,470				94	%
Consolidated			61,644				28,313				118	%			184,112				102,196				80	%
Direct operating expenses
Media			27,642				28,583				(3	)%			109,583				110,988				(1	)%
Advertising Technology & Services			14,699				8,505				73	%			47,219				25,274				87	%
Consolidated			42,341				37,088				14	%			156,802				136,262				15	%
Selling, general and administrative expenses
Media			10,586				12,159				(13	)%			43,995				42,759				3	%
Advertising Technology & Services			5,197				4,900				6	%			22,775				20,109				13	%
Consolidated			15,783				17,059				(7	)%			66,770				62,868				6	%
Depreciation and amortization
Media			2,656				3,135				(15	)%			11,041				12,891				(14	)%
Advertising Technology & Services			52				637				(92	)%			1,301				3,930				(67	)%
Consolidated			2,708				3,772				(28	)%			12,342				16,821				(27	)%
Segment operating profit (loss)
Media			(428	)			18,545			*					(6,200	)			38,697			*
Advertising Technology & Services			12,330				2,185				464	%			33,768				8,104				317	%
Consolidated			11,902				20,730				(43	)%			27,568				46,801				(41	)%
Corporate expenses			6,523				7,509				(13	)%			27,026				37,498				(28	)%
Change in fair value of contingent consideration			—				1				(100	)%			—				(629	)			(100	)%
Impairment charge			26,002				61,220				(58	)%			55,380				61,220				(10	)%
Loss on lease abandonment			—				—			*					25,191				—			*
Restructuring costs			(375	)			—			*					2,813				—			*
Foreign currency (gain) loss			413				572				(28	)%			523				692				(24	)%
Operating income (loss)			(20,661	)			(48,572	)			(57	)%			(83,365	)			(51,980	)			60	%
Interest expense			(3,618	)			(3,824	)			(5	)%			(15,121	)			(16,472	)			(8	)%
Interest income			488				657				(26	)%			2,286				2,458				(7	)%
Dividend income			7				—			*					9				10				(10	)%
Realized gain (loss) on marketable securities			1				—			*					7				(110	)		*
Gain (loss) on debt extinguishment			—				—			*					(214	)			(91	)			135	%
Income (loss) before income taxes from continuing operations		$	(23,783	)		$	(51,739	)			(54	)%		$	(96,398	)		$	(66,185	)			46	%
Capital expenditures
Media		$	1,113			$	2,543							$	6,597			$	7,089
Advertising Technology & Services			96				74								183				372
Consolidated		$	1,209			$	2,617							$	6,780			$	7,461

 

Entravision Communications Corporation Consolidated Statements of Operations (Unaudited) (In thousands, except share and per share data)
		Three-Month Period								Twelve-Month Period
		Ended December 31,								Ended December 31,
		2025				2024				2025				2024
Net revenue		$	134,378			$	106,962			$	447,594			$	364,948
Expenses:
Cost of revenue			61,644				28,313				184,112				102,196
Direct operating expenses			42,341				37,088				156,802				136,262
Selling, general and administrative expenses			15,783				17,059				66,770				62,868
Corporate expenses			6,523				7,509				27,026				37,498
Depreciation and amortization			2,708				3,772				12,342				16,821
Change in fair value of contingent consideration			—				1				—				(629	)
Impairment charge			26,002				61,220				55,380				61,220
Loss on lease abandonment			—				—				25,191				—
Restructuring costs			(375	)			—				2,813				—
Foreign currency (gain) loss			413				572				523				692
			155,039				155,534				530,959				416,928
Operating income (loss)			(20,661	)			(48,572	)			(83,365	)			(51,980	)
Interest expense			(3,618	)			(3,824	)			(15,121	)			(16,472	)
Interest income			488				657				2,286				2,458
Dividend income			7				—				9				10
Realized gain (loss) on marketable securities			1				—				7				(110	)
Gain (loss) on debt extinguishment			—				—				(214	)			(91	)
Income before income taxes			(23,783	)			(51,739	)			(96,398	)			(66,185	)
Income tax (expense) benefit			6,319				(3,932	)			18,000				(4,105	)
Net income (loss) from continuing operations			(17,464	)			(55,671	)			(78,398	)			(70,290	)
Income (loss) from discontinued operations			(741	)			(687	)			(769	)			(78,618	)
Net income (loss) attributable to common stockholders		$	(18,205	)		$	(56,358	)		$	(79,167	)		$	(148,908	)
Basic and diluted earnings (loss) per share:
Net income (loss) per share attributable to common stockholders, basic and diluted		$	(0.20	)		$	(0.62	)		$	(0.87	)		$	(1.66	)
Cash dividends declared per common share, basic and diluted		$	0.05			$	0.05			$	0.20			$	0.20
Weighted average common shares outstanding, basic and diluted			91,136,401				90,175,742				91,016,645				89,876,538

 

Entravision Communications Corporation Consolidated Balance Sheets (Unaudited) (In thousands)
		December 31,				December 31,
		2025				2024
ASSETS
Current assets
Cash and cash equivalents		$	59,439			$	95,914
Marketable securities			3,762				4,694
Restricted Cash			797				786
Trade receivables, net of allowance for doubtful accounts			94,912				68,319
Assets held for sale			5,597				—
Prepaid expenses and other current assets			18,974				16,587
Total current assets			183,481				186,300
Property and equipment, net			44,797				60,616
Intangible assets subject to amortization, net			2,593				4,417
Intangible assets not subject to amortization			123,275				177,276
Goodwill			7,352				7,352
Deferred income taxes			3,823				2,650
Operating leases right of use asset			18,807				40,762
Other assets			3,383				7,905
Total assets		$	387,511			$	487,278
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Current maturities of long-term debt		$	20,000			$	-
Accounts payable and accrued expenses			91,736				53,882
Operating lease liabilities			9,737				7,744
Total current liabilities			121,473				61,626
Long-term debt, less current maturities, net of unamortized debt issuance costs			147,119				186,958
Long-term operating lease liabilities			36,775				42,101
Other long-term liabilities			12,197				12,168
Deferred income taxes			14,505				38,405
Total liabilities			332,069				341,258
Stockholders' equity
Class A common stock			8				8
Class U common stock			1				1
Additional paid-in capital			804,075				815,532
Accumulated deficit			(747,887	)			(668,720	)
Accumulated other comprehensive income (loss)			(755	)			(801	)
Total stockholders' equity			55,442				146,020
Total liabilities and equity		$	387,511			$	487,278

 

Entravision Communications Corporation Consolidated Statements of Cash Flows (Unaudited) (In thousands)
		Three-Month Period								Twelve-Month Period
		Ended December 31,								Ended December 31,
		2025				2024				2025				2024
Cash flows from operating activities:
Net income (loss)		$	(18,205	)		$	(56,358	)		$	(79,167	)		$	(148,908	)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization			2,708				3,772				12,342				20,779
Impairment charge			26,002				61,220				55,380				110,658
Loss on lease abandonment			—				—				25,191				—
Deferred income taxes			(12,779	)			(6,995	)			(25,079	)			(10,281	)
Non-cash interest			415				61				1,410				284
Amortization of syndication contracts			99				111				427				450
Payments on syndication contracts			(100	)			(114	)			(390	)			(451	)
Non-cash stock-based compensation			2,878				1,426				10,980				13,848
(Gain) loss on marketable securities			(1	)			—				(7	)			110
(Gain) loss on disposal of property and equipment			186				71				199				277
Loss (gain) on the sale of businesses			—				48				—				45,187
(Gain) loss on debt extinguishment			—				—				214				91
Change in fair value of contingent consideration			—				—				—				(13,198	)
Net income (loss) attributable to redeemable noncontrolling interest - discontinued operations			—				—				—				(2,779	)
Changes in assets and liabilities, net of businesses acquired and disposed of:
(Increase) decrease in trade receivables, net			(5,644	)			(519	)			(26,197	)			10,092
(Increase) decrease in prepaid expenses and other current assets, operating leases right of use asset and other assets			5,746				11,806				8,104				9,878
Increase (decrease) in accounts payable, accrued expenses and other liabilities			8,483				(1,746	)			27,242				38,668
Net cash provided by (used in) operating activities			9,788				12,783				10,649				74,705
Cash flows from investing activities:
Proceeds from sale of assets/business, net of cash divested			—				2,486				—				(40,481	)
Purchases of property and equipment			(1,115	)			(2,174	)			(7,135	)			(8,463	)
Purchases of marketable securities			(12	)			(2,303	)			(1,551	)			(2,303	)
Proceeds from sale of marketable securities			933				408				2,552				10,789
Proceeds from loan receivable			—				2,888				—				13,636
Net cash provided by (used in) investing activities			(194	)			1,305				(6,134	)			(26,822	)
Cash flows from financing activities:
Tax payments related to shares withheld for share-based compensation plans			(2,318	)			(2,537	)			(2,318	)			(2,564	)
Payments on debt			(5,000	)			—				(20,000	)			(20,275	)
Dividends paid			(4,552	)			(4,504	)			(18,199	)			(17,975	)
Distributions to noncontrolling interest			—				—				—				(1,078	)
Payment of contingent consideration			—				(1,350	)			—				(15,650	)
Principal payments under finance lease obligation			(38	)			(38	)			(137	)			(148	)
Payments for debt issuance costs			—				—				(325	)			—
Net cash provided by (used in) financing activities			(11,908	)			(8,429	)			(40,979	)			(57,690	)
Effect of exchange rates on cash, cash equivalents and restricted cash			—				—				—				(2	)
Net increase (decrease) in cash, cash equivalents and restricted cash			(2,314	)			5,659				(36,464	)			(9,809	)
Cash, cash equivalents and restricted cash:
Beginning			62,550				91,041				96,700				106,509
Ending		$	60,236			$	96,700			$	60,236			$	96,700

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260305078631/en/

For more information, please contact:

Mark Boelke

Chief Financial Officer and Chief Operating Officer

Entravision

310-447-3870

ir@entravision.com

Roy Nir

VP, Financial Reporting and Investor Relations

Entravision

310-447-3870

ir@entravision.com

Source: Entravision