Entravision Reports Third Quarter 2026 Results

Operating results turned profitable, although the Media segment's nine-month operating loss widened.

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BURBANK, Calif.--(BUSINESS WIRE)-- Entravision Communications Corporation (NYSE: EVC), a media and advertising technology company, today announced financial results for its third quarter ended September 30, 2026.

Consolidated revenue increased 88% to $226.3 million for third quarter 2026 compared to $120.6 million for third quarter 2025, and increased 108% to $651.2 million for nine-month period ended September 30, 2026 compared to $313.2 million for same period in 2025.

ATS segment net revenue increased 133% to $177.2 million for third quarter 2026 compared to $76.1 million for third quarter 2025, and increased 182% to $514.6 million for nine-month period ended September 30, 2026 compared to $182.3 million for same period in 2025, primarily due to increases in monthly active advertisers and revenue per monthly active advertiser, which were driven by investments we made in the AI capabilities of our platform and increased sales capacity.

Media segment net revenue increased 10% to $49.1 million for third quarter 2026 compared to $44.5 million for third quarter 2025, primarily due to a an increase in broadcast advertising revenue, primarily political advertising revenue, and an increase in retransmission fees, partially offset by a decrease in revenue from spectrum usage rights. Media segment net revenue increased 4% to $136.6 million for nine-month period ended September 30, 2026 compared to $130.9 million for same period in 2025 primarily due to an increase in broadcast advertising revenue, primarily political advertising revenue, an increase in digital advertising revenue and an increase in retransmission consent revenue, partially offset by a decrease in spectrum usage rights revenue.

Segment operating profit increased 465% to $35.2 million for third quarter 2026 compared to $6.2 million for third quarter 2025, and increased 545% to $101.1 million for nine-month period ended September 30, 2026 compared to $15.7 million for same period in 2025.

ATS segment operating profit increased 261% to $35.2 million for third quarter 2026, compared to $9.8 million for third quarter 2025. ATS segment operating profit increased 411% to $109.5 million for nine-month period ended September 30, 2026, compared to $21.4 million for nine-month period ended September 30, 2025.

Media segment operating profit was $0.1 million for third quarter 2026, compared to operating loss of $3.5 million for third quarter 2025. Media segment operating loss was $8.4 million for nine-month period ended September 30, 2026, compared to operating loss of $5.8 million for nine-month period ended September 30, 2025.

Corporate expenses increased 7% for third quarter 2026 compared to third quarter 2025, primarily due an increase in stock-based compensation. Corporate expenses remained constant for nine-month period ended September 30, 2026 compared to same period in 2025.

The company made a $5.0 million scheduled debt payment and paid a dividend of $4.6 million in third quarter 2026.

The company had $89.7 million in cash and cash equivalents and marketable securities and $152.3 million of long-term debt and current maturities of long-term debt as of September 30, 2026.

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 December 31, 2026 to shareholders of record as of the close of business on December 17, 2026.

Notice of Conference Call

Entravision will host a webinar to discuss its third quarter 2026 results on Thursday, November 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

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. The term "Entravision" as used in this press release refers to Entravision Communications Corporation. 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 Period												Nine-Month Period
		Ended September 30,								%				Ended September 30,								%
		2026				2025				Change				2026				2025				Change
Net revenue
Media		$	49,081			$	44,505				10	%		$	136,582			$	130,895				4	%
ATS			177,229				76,125				133	%			514,600				182,321				182	%
Consolidated			226,310				120,630				88	%			651,182				313,216				108	%
Cost of revenue
Media			5,087				5,015				1	%			16,516				12,932				28	%
ATS			107,460				45,971				134	%			315,919				109,536				188	%
Consolidated			112,547				50,986				121	%			332,435				122,468				171	%
Direct operating expenses
Media			29,788				28,596				4	%			86,677				81,941				6	%
ATS			24,907				12,651				97	%			63,438				32,520				95	%
Consolidated			54,695				41,247				33	%			150,115				114,461				31	%
Selling, general and administrative expenses
Media			11,449				11,598				(1	)%			33,463				33,409				0	%
ATS			9,535				7,430				28	%			24,673				17,578				40	%
Consolidated			20,984				19,028				10	%			58,136				50,987				14	%
Depreciation and amortization
Media			2,687				2,808				(4	)%			8,354				8,385				(0	)%
ATS			172				322				(47	)%			1,080				1,249				(14	)%
Consolidated			2,859				3,130				(9	)%			9,434				9,634				(2	)%
Segment operating profit (loss)
Media			70				(3,512	)		*					(8,428	)			(5,772	)			46	%
ATS			35,155				9,751				261	%			109,490				21,438				411	%
Consolidated			35,225				6,239				465	%			101,062				15,666				545	%
Corporate expenses			6,770				6,340				7	%			20,540				20,503				0	%
Impairment charge			-				5,705				(100	)%			-				29,378				(100	)%
Loss on lease abandonment			-				-			-					-				25,191				(100	)%
Restructuring costs			382				3,188				(88	)%			1,365				3,188				(57	)%
Foreign currency (gain) loss			(216	)			92			*					328				110				198	%
Other operating (gain) loss			-				-			*					(116	)			-			*
Operating income (loss)			28,289				(9,086	)		*					78,945				(62,704	)		*
Interest expense		$	(3,055	)		$	(3,803	)			(20	)%		$	(9,516	)		$	(11,503	)			(17	)%
Interest income			662				574				15	%			1,626				1,798				(10	)%
Dividend income			7				1				600	%			36				2				1,700	%
Realized gain (loss) on marketable securities			4				2				100	%			15				6				150	%
Gain (loss) on debt extinguishment			-				(176	)			(100	)%			-				(214	)			(100	)%
Income (loss) before income taxes			25,907				(12,488	)		*					71,106				(72,615	)		*
Capital expenditures
Media		$	2,306			$	1,154							$	7,977			$	5,484
Advertising Technology & Services			322				33								1,718				87
Consolidated		$	2,628			$	1,187							$	9,695			$	5,571

Entravision Communications Corporation Consolidated Statements of Operations (Unaudited) (In thousands, except share and per share data)
		Three-Month Period								Nine-Month Period
		Ended September 30,								Ended September 30,
			2026				2025				2026				2025
Net revenue		$	226,310			$	120,630			$	651,182			$	313,216
Expenses:
Cost of revenue			112,547				50,986				332,435				122,468
Direct operating expenses			54,695				41,247				150,115				114,461
Selling, general and administrative expenses			20,984				19,028				58,136				50,987
Corporate expenses			6,770				6,340				20,540				20,503
Depreciation and amortization			2,859				3,130				9,434				9,634
Impairment charge			—				5,705				—				29,378
Loss on lease abandonment			—				—				—				25,191
Restructuring costs			382				3,188				1,365				3,188
Foreign currency (gain) loss			(216	)			92				328				110
Other operating (gain) loss			—				—				(116	)			—
Total expenses			198,021				129,716				572,237				375,920
Operating income (loss)			28,289				(9,086	)			78,945				(62,704	)
Interest expense			(3,055	)			(3,803	)			(9,516	)			(11,503	)
Interest income			662				574				1,626				1,798
Dividend income			7				1				36				2
Realized gain (loss) on marketable securities			4				2				15				6
Gain (loss) on debt extinguishment			—				(176	)			—				(214	)
Income (loss) before income taxes			25,907				(12,488	)			71,106				(72,615	)
Income tax benefit (expense)			(6,880	)			2,829				(20,033	)			11,681
Net income (loss) from continuing operations			19,027				(9,659	)			51,073				(60,934	)
Net income (loss) from discontinued operations, net of tax			—				—				—				(28	)
Net income (loss) attributable to common stockholders		$	19,027			$	(9,659	)		$	51,073			$	(60,962	)
Basic and diluted earnings per share:
Net income (loss) per share from continuing operations, basic		$	0.21			$	(0.11	)		$	0.55			$	(0.67	)
Net income (loss) per share from continuing operations, diluted		$	0.18			$	(0.11	)		$	0.50			$	(0.67	)
Net income (loss) per share from discontinued operations, basic and diluted		$	—			$	—			$	—			$	(0.00	)
Net income (loss) per share attributable to common stockholders, basic		$	0.21			$	(0.11	)		$	0.55			$	(0.67	)
Net income (loss) per share attributable to common stockholders, diluted		$	0.18			$	(0.11	)		$	0.50			$	(0.67	)
Cash dividends declared per common share, basic and diluted		$	0.05			$	0.05			$	0.15			$	0.15
Weighted average common shares outstanding, basic			92,282,565				90,976,288				92,128,293				90,976,288
Weighted average common shares outstanding, diluted			104,453,045				90,976,288				101,244,698				90,976,288

Entravision Communications Corporation Consolidated Balance Sheets (Unaudited) (In thousands)
		September 30,				December 31,
			2026				2025
ASSETS
Current assets
Cash and cash equivalents		$	87,349			$	59,439
Marketable securities			2,355				3,762
Restricted cash			802				797
Trade receivables, net of allowance for doubtful accounts			152,351				94,912
Prepaid expenses and other current assets			28,698				18,974
Assets held for sale			635				5,597
Total current assets			272,190				183,481
Property and equipment, net			46,252				44,797
Intangible assets subject to amortization, net			1,469				2,593
Intangible assets not subject to amortization			123,275				123,275
Goodwill			7,352				7,352
Deferred income taxes			3,095				3,823
Operating leases right of use asset			19,454				18,807
Other assets			4,213				3,383
Total assets		$	477,300			$	387,511
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Current maturities of long-term debt		$	20,000			$	20,000
Accounts payable and accrued expenses			147,707				91,736
Operating lease liabilities			11,579				9,737
Total current liabilities			179,286				121,473
Long-term debt, less current maturities, net of unamortized debt issuance costs			132,344				147,119
Long-term operating lease liabilities			36,462				36,775
Other long-term liabilities			14,312				12,197
Deferred income taxes			13,144				14,505
Total liabilities			375,548				332,069
Stockholders' equity
Class A common stock			8				8
Class U common stock			1				1
Additional paid-in capital			799,357				804,075
Accumulated deficit			(696,814	)			(747,887	)
Accumulated other comprehensive income (loss)			(800	)			(755	)
Total stockholders' equity			101,752				55,442
Total liabilities and equity		$	477,300			$	387,511

Entravision Communications Corporation Consolidated Statements of Cash Flows (Unaudited) (In thousands)
		Three-Month Period								Nine-Month Period
		Ended September 30,								Ended September 30,
			2026				2025				2026				2025
Cash flows from operating activities:
Net income (loss) attributable to common stockholders		$	19,027			$	(9,659	)		$	51,073			$	(60,962	)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization			2,859				3,130				9,434				9,634
Impairment charge			—				5,705				—				29,378
Loss on lease abandonment			—				—				—				25,191
Deferred income taxes			(517	)			(5,421	)			(906	)			(12,300	)
Non-cash interest			430				415				1,249				995
Amortization of syndication contracts			100				107				298				328
Payments on syndication contracts			(48	)			(70	)			(186	)			(290	)
Non-cash stock-based compensation			4,799				2,804				12,374				8,102
(Gain) loss on marketable securities			(4	)			(2	)			(15	)			(6	)
(Gain) loss on disposal of property and equipment			—				7				(26	)			13
(Gain) loss on debt extinguishment			—				176				—				214
Changes in assets and liabilities:
(Increase) decrease in accounts receivable			(16,948	)			(10,572	)			(54,361	)			(20,553	)
(Increase) decrease in prepaid expenses and other current assets, operating leases right of use asset and other assets			(3,051	)			3,706				(4,207	)			2,358
Increase (decrease) in accounts payable, accrued expenses and other liabilities			9,490				17,951				46,964				18,759
Net cash provided by (used in) operating activities			16,137				8,277				61,691				861
Cash flows from investing activities:
Proceeds from sale of assets			3,000				—				4,892				—
Purchases of property and equipment			(2,868	)			(1,216	)			(9,826	)			(6,020	)
Purchases of marketable securities			—				(574	)			—				(1,539	)
Proceeds from sale of marketable securities			207				672				1,374				1,619
Net cash provided by (used in) investing activities			339				(1,118	)			(3,560	)			(5,940	)
Cash flows from financing activities:
Tax payments related to shares withheld for share-based compensation plans			(282	)			—				(1,307	)			—
Payments on debt			(5,000	)			(5,000	)			(15,000	)			(15,000	)
Dividends paid			(4,614	)			(4,549	)			(13,827	)			(13,647	)
Principal payments under finance lease obligation			(23	)			(34	)			(82	)			(99	)
Payments for debt issuance costs			—				(325	)			—				(325	)
Net cash provided by (used in) financing activities			(9,919	)			(9,908	)			(30,216	)			(29,071	)
Net increase (decrease) in cash, cash equivalents and restricted cash			6,557				(2,749	)			27,915				(34,150	)
Cash, cash equivalents and restricted cash:
Beginning			68,970				65,299				60,236				96,700
Ending		$	75,527			$	62,550			$	88,151			$	62,550

Source: Entravision

View source version on businesswire.com: https://www.businesswire.com/news/home/20261105319103/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

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.

retransmission consent regulatory

Retransmission consent is the legal right a local television station negotiates with cable, satellite and streaming distributors to be carried on their systems in exchange for payment or other terms. For investors, it matters because these carriage deals can generate steady revenue or become flashpoints for costly disputes that temporarily remove channels, affecting advertising reach, subscriber satisfaction and a broadcaster’s cash flow—similar to a store deciding whether to pay a gatekeeper to display its products.

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.