Entravision Communications Cp Stock Price, News & Analysis

Entravision Communications Corporation (NYSE: EVC) reported robust financial results for Q2 2021, with net revenue soaring 295% year-over-year to $178.4 million and net income attributable to common stockholders surging 236% to $7.9 million. Consolidated Adjusted EBITDA increased 932% to $17.8 million, driven by growth in the digital segment, which now comprises 73% of total revenue. A quarterly cash dividend of $0.025 per share was announced, payable on September 30, 2021. The acquisition of MediaDonuts enhances Entravision's digital advertising capabilities in Southeast Asia.

Entravision Communications Corporation (NYSE: EVC) has launched a new radio format, Real Country 103.5 FM, in Sacramento, California, targeting listeners aged 25-54 with a mix of classic and contemporary country music. The station features notable artists and a lineup of local hosts. Upcoming special programming includes themed weekends and tributes to country music legends. Management believes this format change aligns with listener preferences and offers new marketing opportunities for advertisers, capitalizing on the area's strong demand for country music.

Entravision Communications Corporation (NYSE: EVC) is set to release its Q2 2021 financial results after market close on August 5, 2021. A conference call will be held at 5:00 p.m. ET to discuss these results, accessible via phone and live webcast. Entravision is a global media and marketing technology firm operating 54 TV stations and 48 radio stations, with a diverse digital portfolio including solutions for digital advertising. More details can be found on their website.

Entravision Communications Corporation (NYSE: EVC) announced the completion of its acquisition of MediaDonuts, a digital marketing company operating in seven Asia-Pacific countries. Based in Singapore, MediaDonuts collaborates with major tech firms, serving over 500 brands. This acquisition aligns with Entravision's digital transformation strategy, expanding its reach to 33 countries. MediaDonuts' team of 80 experts will remain, with Pieter-Jan de Kroon continuing as CEO. This acquisition enhances Entravision's position in the fast-growing Southeast Asian market, which has around 700 million people, 400 million of whom are digitally connected.

Entravision Communications Corporation (NYSE: EVC) has announced the syndication of the Shoboy Show in San Diego, CA on XRST-FM and in Houston, TX on KLOL-FM. This expansion marks a significant addition to the show's reach, now broadcasting on ten stations across multiple states. Chris Munoz, EVP of National and Network Sales, stated that this enhances their ability to target bilingual Latino markets. The show, hosted by Edgar “Shoboy” Sotelo, continues to attract a wide audience, representing demographic diversity across regions.

Entravision Communications Corporation (NYSE: EVC) announces its expanded Spanish-language NFL broadcast coverage for the 2021 and 2022 seasons. The company will air 50 games across 29 U.S. markets, beginning with the NFL Kickoff on September 9, featuring the Cowboys and Buccaneers. Coverage includes Sunday Night and Monday Night Football, extending through the playoffs, concluding with Super Bowl LVI on February 13, 2022. Entravision's game day broadcasts will feature pre-game and post-game analysis, enhancing engagement with the growing Latino fan base.

Entravision Communications Corporation (NYSE: EVC) has announced a definitive agreement to acquire MediaDonuts, a digital marketing performance and branding company operating in seven Asia-Pacific countries. This acquisition, expected to close around July 1, 2021, aims to enhance Entravision's digital capabilities and market reach, tapping into a consumer base of nearly 700 million people in Southeast Asia. MediaDonuts, founded in 2010, has over 500 clients and provides services in programmatic buying and media planning, which are anticipated to integrate well with Entravision's existing digital strategies.

Entravision Communications Corporation (NYSE: EVC) announced that CFO Christopher Young will participate in the 11th Annual East Coast IDEAS Investor Conference on June 16-17, 2021. Young will present on June 16 and conduct investor meetings on June 17. The presentation will be accessible via webcast beginning at 7:00 a.m. CT / 5:00 a.m. PT on June 16, with a replay available on Entravision's Investor Relations website. Entravision operates 54 TV stations and 48 Spanish-language radio stations, making it a leading media and marketing technology company serving diverse markets.