经济观察网超视野传播(EVC)管理层在2025年第三季度财报会议中强调，2026年政治广告市场前景乐 观，特别是拉丁裔选民在西南六州选举中的关键作用可能带来增长机会。此外，公司与Televisa Univision的合作协议当前有效期至2026年12月31日，双方已启动续签洽谈，以延续近30年的合作伙伴关 系。 股票近期走势 近7天(2026年2月6日至2月11日)，超视野传播股价区间涨跌幅5.86%，最高价3.13美元(2月10日)，最低 价2.91美元(2月9日)。2月11日收盘价3.07美元，单日跌0.65%，但5日累计涨2.51%；成交额维持低位(日 均约36.9万美元)，换手率0.09%-0.23%，显示交投相对平淡。同期美股广告营销板块下跌3.26%，公司 股价表现优于行业。 以上内容基于公开资料整理，不构成投资建议。 财报分析 超视野传播在2025年第三季度财报(截至2025年9月30日)显示，营业收入1.206亿美元，同比增长 24.16%；归母净利润-965.9万美元，净利率-8.01%，但净利润同比改善10.90%。公司预计第四季度收入 和收益与第三季度相当，并计划支付每股0.05美元股息 ...

以上内容基于公开资料整理，不构成投资建议。 业绩战略 管理层在会议中强调，2026年政治广告市场前景乐观，特别是拉丁裔选民在西南六州选举中的关键作用 可能带来增长机会。此外，与Televisa Univision的合作协议当前有效期至2026年12月31日，双方已启动 续签洽谈，以延续近30年的合作伙伴关系。 经济观察网超视野传播(EVC)在2025年第三季度财报会议中指出，第四季度预计收入和收益与第三季度 相当，并计划按惯例支付每股0.05美元股息。公司同时持续推进媒体部门的组织架构优化，以提升运营 效率。 ...

MIAMI & ORLANDO, Fla.--(BUSINESS WIRE)--Hemisphere Media Group and Entravision announced a strategic partnership to launch WAPA Orlando, a new full power broadcast television station with programming to serve the Orlando–Daytona Beach–Melbourne DMA. WAPA Orlando started broadcasting today on Entravision's WOTF (Channel 26). The partnership also establishes a collaborative news framework led by Entravision, leveraging its robust nationwide news resources from stations across 24 U.S. markets to drive expanded ...

Core Viewpoint - The commentary on Entravision Communications Corporation (EVC) suggests that investors should focus on income generation through dividend reinvestment in the international TV and radio station operator, maintaining a Hold rating [1] Investment Strategy - The company emphasizes investing in undervalued, profitable stocks with strong balance sheets and minimal debt [1] - When opportunities arise, the strategy includes writing calls against positions to generate additional income [1] - Risk management is implemented through position sizing and the use of trailing stop losses over time [1]

Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential trading opportunities before the market opens [1] Premarket Gainers - SMX (Security Matters) Public Limited Company (SMX) increased by 52% to $2.24 [3] - Entravision Communications Corporation (EVC) rose by 33% to $2.66 [3] - Babcock & Wilcox Enterprises, Inc. (BW) saw a 28% increase to $4.79 [3] - NeuroPace, Inc. (NPCE) gained 24% reaching $11.71 [3] - Kennedy-Wilson Holdings, Inc. (KW) also increased by 24% to $9.30 [3] - Rigel Pharmaceuticals, Inc. (RIGL) rose by 22% to $34.72 [3] - Digital Turbine, Inc. (APPS) increased by 21% to $7.20 [3] - Lumentum Holdings Inc. (LITE) saw a 15% increase to $218.06 [3] - AsiaStrategy (SORA) rose by 14% to $3.63 [3] - Marine Petroleum Trust (MARPS) increased by 7% to $5.05 [3] Premarket Losers - Biohaven Ltd. (BHVN) decreased by 42% to $7.96 [4] - Trex Company, Inc. (TREX) fell by 34% to $30.65 [4] - Soleno Therapeutics, Inc. (SLNO) saw a 23% decline to $49.00 [4] - Axon Enterprise, Inc. (AXON) decreased by 19% to $572.00 [4] - Clover Health Investments, Corp. (CLOV) fell by 19% to $2.82 [4] - Pinterest, Inc. (PINS) decreased by 18% to $26.91 [4] - SSR Mining Inc. (SSRM) saw a 17% decline to $17.91 [4] - Upstart Holdings, Inc. (UPST) decreased by 16% to $38.81 [4] - WF International Limited (WXM) fell by 12% to $2.25 [4] - Corsair Gaming, Inc. (CRSR) decreased by 11% to $6.66 [4]

Financial Data and Key Metrics Changes - On a consolidated basis, revenue increased by 24% to $120 million in Q3 2025 compared to Q3 2024 [3] - The company reported an operating loss of $9 million in Q3 2025, down from an operating profit of $8 million in Q3 2024, primarily due to restructuring costs and impairment charges [3][15] - The overall operating loss included a non-cash impairment charge of $5.7 million and restructuring costs of $3.2 million [15] Business Line Data and Key Metrics Changes - Media segment revenue declined by 26% to $44.5 million in Q3 2025 compared to Q3 2024, attributed to lower political revenue and weaker national advertising [4][9] - Advertising Technology and Services (ATS) segment revenue more than doubled to $76.1 million in Q3 2025, reflecting a 104% increase compared to Q3 2024 [5][10] - ATS operating profit was nearly $10 million in Q3 2025, significantly higher than the previous year, with a 378% increase [6][13] Market Data and Key Metrics Changes - The media business faced challenges due to advertiser uncertainty and the absence of significant political advertising in 2025, which was present in 2024 [9] - The ATS segment experienced exceptional performance with a sequential revenue growth of 38% from Q2 to Q3 2025 [10] Company Strategy and Development Direction - The company is focused on increasing local sales capacity and expanding digital sales operations in the media segment [5][7] - In the ATS segment, investments are being made to enhance technology and build AI capabilities, alongside increasing sales capacity [6][8] - The company aims to optimize its organizational structure and reduce expenses to align with revenue growth [10][12] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the need for improvement in operating performance and profitability, particularly in the media business [3] - The company is positioning itself for a strong political spending environment in 2026, emphasizing the importance of the Latino vote in upcoming elections [19][20] - Management expressed optimism about the future, particularly regarding political advertising opportunities and ongoing discussions to renew the affiliation agreement with TelevisaUnivision [22] Other Important Information - Corporate expenses decreased by 9% to $6.3 million in Q3 2025 compared to Q3 2024, with a year-to-date reduction of $9.5 million [16] - The company maintained a strong balance sheet with over $66 million in cash and marketable securities at the end of Q3 2025 [16] - Total debt payments of $15 million were made during 2025, reducing credit facility indebtedness to approximately $173 million [17] Q&A Session Summary Question: Can you comment on the outlook for political revenue in 2026? - Management is positioning for a strong political spending environment in 2026, highlighting the critical role of the Latino vote in key congressional races [19][20] Question: What's the status of renewing the affiliation agreement with TelevisaUnivision? - The affiliation agreement runs through December 31, 2026, and discussions for renewal are ongoing [21][22]

Financial Performance - For the three-month period ended September 30, 2025, net revenue increased to $120.63 million, up from $97.16 million in the same period of 2024, representing a growth of 24%[17] - The company reported a net loss attributable to common stockholders of $9.66 million for the three-month period ended September 30, 2025, compared to a net loss of $11.98 million in the same period of 2024, showing an improvement of 19%[18] - Basic and diluted earnings per share from continuing operations for the three-month period ended September 30, 2025, was $(0.11), compared to $(0.12) in the same period of 2024[17] - Net income attributable to common stockholders for the nine-month period ended September 30, 2025, was $(60,962) thousand, compared to $(92,550) thousand for the same period in 2024, indicating an improvement[21] - Total revenue for the three-month period ended September 30, 2025, was $120,630,000, a 24.2% increase from $97,156,000 in the same period of 2024[123] Revenue Breakdown - Digital advertising revenue for the three-month period ended September 30, 2025, was $85,200,000, compared to $45,871,000 in 2024, representing an increase of 85.5%[123] - Broadcast advertising revenue for the three-month period ended September 30, 2025, was $25,496,000, down from $39,998,000 in 2024, a decrease of 36.5%[123] - The Advertising Technology & Services segment saw a significant revenue increase of 104% to $76.13 million for the three-month period ended September 30, 2025, compared to $37.35 million in 2024[140] - The media segment reported a 26% decrease in revenue to $44.51 million for the three-month period ended September 30, 2025, compared to $59.80 million in 2024[140] Assets and Liabilities - The total current assets decreased to $184.49 million as of September 30, 2025, compared to $186.30 million at the end of 2024, a decline of approximately 1%[16] - Total liabilities decreased slightly to $336.44 million as of September 30, 2025, from $341.26 million at the end of 2024, a reduction of about 1%[16] - The company’s total stockholders' equity decreased to $78.17 million as of September 30, 2025, compared to $146.02 million at the end of 2024, a decline of about 47%[16] Cash Flow and Liquidity - Cash and cash equivalents decreased to $61.76 million as of September 30, 2025, down from $95.91 million at the end of 2024, a decline of approximately 36%[16] - Cash flows from operating activities provided $861 thousand for the nine-month period ended September 30, 2025, a significant decrease from $61,922 thousand in 2024[21] - The Company’s liquidity position is supported by existing cash and projected operating cash flows, which are deemed adequate to meet operating needs over the next twelve months[38] Impairment and Charges - The company incurred an impairment charge of $5.71 million during the three-month period ended September 30, 2025[17] - The Company recorded a goodwill impairment charge of $43.3 million for the media reporting unit due to lower than anticipated political advertising revenue and higher projected future costs[60] - The Company recorded impairment charges of $17.9 million for FCC licenses and $35.4 million for goodwill in the digital segment during the first quarter of 2024[64] - The Company recorded a loss on lease abandonment of $16.1 million related to the acceleration of amortization of the right-of-use asset and $9.1 million for leasehold improvements in the first quarter of 2025[67] Restructuring and Operational Changes - The Company implemented a restructuring plan resulting in a reduction of 39 employees, approximately 5% of the media segment workforce, incurring severance charges of approximately $0.7 million[69] - Total restructuring charges recorded during the third quarter of 2025 amounted to $3.2 million, with a remaining restructuring liability of $0.8 million as of September 30, 2025[71] - The Company discontinued a significant portion of its operations in 2024, primarily affecting its former digital segment, following a strategic review of its digital strategy[25] Debt and Financing - The Company entered into a Credit Facility consisting of a $200.0 million senior secured Term A Facility and a $75.0 million Revolving Credit Facility, with $11.5 million drawn on the 2023 Closing Date[75] - As of September 30, 2025, the interest rate on the Company's Term A Facility and the drawn portion of the Revolving Credit Facility was 7.26%[79] - The carrying amount of the Term Loan A Facility as of September 30, 2025, was $161.8 million, net of $0.7 million of unamortized debt issuance costs[89] Stock-Based Compensation - Stock-based compensation expense for the nine-month period ended September 30, 2025, was $8,102 thousand, compared to $12,422 thousand for the same period in 2024[21] - Stock-based compensation expense related to restricted stock units (RSUs) was $6.6 million for the nine-month period ended September 30, 2025, compared to $11.7 million for the same period in 2024, reflecting a decrease of approximately 43.5%[50] - The total unrecognized compensation expense related to PSUs as of September 30, 2025, was $2.4 million, expected to be recognized over a weighted-average period of 2.1 years[53] Discontinued Operations - The Company recorded a loss of $40.7 million from the sale of its EGP business, which was included in net income (loss) from discontinued operations[146] - The EGP business was classified as held for sale, with results presented as discontinued operations, reflecting a strategic shift impacting financial results[156] - For the nine-month period ended September 30, 2024, the net loss from discontinued operations was $77.9 million, with significant impairment charges of $49.4 million[157][162]

Revenue Performance - Consolidated net revenue increased by 24% to $120.63 million in Q3 2025 compared to Q3 2024, driven by a 104% increase in the Advertising Technology & Services segment [4]. - Media segment net revenue decreased by 26% to $44.51 million in Q3 2025, primarily due to lower political revenue and weaker national advertising [4]. - Net revenue for the three-month period ended September 30, 2025, was $120.63 million, a 24.2% increase from $97.16 million in the same period of 2024 [13]. Profitability - Advertising Technology & Services segment operating profit rose by 378% to $9.75 million in Q3 2025, reflecting increased advertising revenue and client spending [4]. - Segment operating profit decreased by 55% to $6.24 million in Q3 2025 compared to Q3 2024 [4]. - Operating income for the three-month period ended September 30, 2025, was $(9.09) million, compared to an operating income of $7.59 million in 2024 [13]. - The net loss attributable to common stockholders for the three-month period ended September 30, 2025, was $(9.66) million, an improvement from a net loss of $(11.98) million in 2024 [13]. Expenses and Charges - The company recorded a restructuring charge of $3.2 million in Q3 2025 as part of an ongoing organization design plan aimed at supporting revenue growth and reducing expenses [4]. - Total expenses for the three-month period ended September 30, 2025, were $129.72 million, compared to $89.57 million in 2024, reflecting a 44.8% increase [13]. - Corporate expenses decreased by 9% to $6.34 million in Q3 2025, mainly due to reductions in rent and professional services [4]. Cash Flow and Liquidity - Net cash provided by operating activities was $8.3 million for Q3 2025 [4]. - The company reported cash flows from operating activities of $8.28 million for the three-month period ended September 30, 2025, compared to $10.85 million in 2024 [17]. - Cash and cash equivalents decreased to $66.4 million as of September 30, 2025, down from $100.6 million at the end of 2024 [4]. - Cash and cash equivalents decreased to $61.76 million as of September 30, 2025, down from $95.91 million at the end of 2024 [15]. Debt and Liabilities - The company repaid $5 million on its bank term loan in Q3 2025, totaling $15 million in debt reduction for the year [3]. - Total liabilities were $336.44 million as of September 30, 2025, slightly down from $341.26 million at the end of 2024 [15]. Assets and Receivables - Trade receivables increased to $88.99 million as of September 30, 2025, compared to $68.32 million at the end of 2024, indicating a 30.4% rise [15]. - Total assets decreased to $414.60 million as of September 30, 2025, from $487.28 million at the end of 2024 [15]. Dividends - The company declared a quarterly cash dividend of $0.05 per share, payable on December 31, 2025 [5]. - The company declared cash dividends of $0.05 per common share for both the three-month periods ended September 30, 2025, and 2024 [13].

Core Viewpoint - Shares in Entravision Communications (NYSE: EVC), primarily an adtech company with legacy Spanish-language TV and radio broadcasting assets, have performed well this summer [1] Group 1 - The positive performance of Entravision Communications' shares is attributed to its adtech business and broadcasting assets [1]

Financial Data and Key Metrics Changes - On a consolidated basis, Entravision increased revenue by 22% to $101 million in Q2 2025 compared to Q2 2024, with an operating loss of just under $1 million [4][12] - Corporate expenses were reduced by $4 million in Q2 2025 compared to Q2 2024, representing a 41% decrease [21] Business Line Data and Key Metrics Changes - Media segment revenue declined by 8% to $45.4 million in Q2 2025 compared to Q2 2024, attributed to fewer active local advertisers and economic uncertainty [5][12] - Advertising Technology and Services (ATS) revenue increased by 66% to $55.3 million in Q2 2025 compared to Q2 2024, driven by more customers and higher spend per customer [7][13] Market Data and Key Metrics Changes - The number of active local advertisers in Q2 2025 was higher than in Q1 2025, indicating a monthly revenue increase throughout 2025 [6] - The media business faced challenges due to political advertising fluctuations and economic conditions impacting advertiser confidence [12] Company Strategy and Development Direction - The company is focused on increasing local sales capacity and expanding digital sales capabilities in the media segment [11] - In ATS, the strategy includes investing in engineering and sales capacity to enhance technology and AI capabilities [8][10] Management Comments on Operating Environment and Future Outlook - Management acknowledged the need for improvement in operating performance and profitability, emphasizing ongoing investments in both media and ATS segments [4][11] - The company aims to achieve profitability in each operating segment and on a consolidated basis, with a focus on revenue growth and expense reduction [20][18] Other Important Information - The company has a strong balance sheet with over $69 million in cash and marketable securities at the end of Q2 2025 [22] - A voluntary debt prepayment of $1 million was made, reducing credit facility indebtedness to approximately $178 million [22] Q&A Session Summary - There were no questions during the Q&A session, and the call concluded without further inquiries [25]