Entravision Communications Cp Stock Price, News & Analysis

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.

Entravision Communications Corporation (NYSE: EVC) has been re-certified as a Great Place to Work® for the second time, with 80% of employees affirming it as a great workplace, surpassing the U.S. average by 19 percentage points. Executive VP Alexander LaBrie credited the dedication of employees for this recognition, highlighting the importance of employee experience. Great Place to Work Certification, based on real-time employee feedback, indicates positive workplace culture and employee retention, which may ultimately contribute to market-leading revenues and innovation.

Entravision Communications Corporation (NYSE: EVC) reported significant financial growth for Q1 2021, with net revenue increasing by 132% to $148.9 million compared to Q1 2020. The company achieved a net income of $5.4 million, rebounding from a loss of $35.6 million last year. Adjusted EBITDA rose 47% year-over-year, reflecting operational efficiency. The firm announced a quarterly cash dividend of $0.025 per share, payable on June 30, 2021. CEO Walter F. Ulloa expressed optimism regarding future performance amid ongoing macroeconomic improvements.

Entravision Communications Corporation (NYSE: EVC) will announce its first quarter 2021 financial results on May 6, 2021, after market close. A conference call is scheduled for 5:00 p.m. ET the same day for discussion of these results. Investors can join the call by dialing (877) 317-6789 (U.S.) or (412) 317-6789 (International). A replay will be available until June 3, 2021. Entravision operates 54 television stations and 48 radio stations, making it a leader in the media and marketing technology sector, particularly within the U.S. and Latin American markets.