Workflow
Entravision(EVC)
icon
Search documents
Entravision(EVC) - 2022 Q3 - Earnings Call Transcript
2022-11-06 16:27
Financial Data and Key Metrics Changes - Net revenue for Q3 2022 totaled $241 million, up 21% year-over-year, with pro forma revenue increasing 17% over the prior year period [7] - For the nine months ended September 30, 2022, revenue totaled $659.9 million, up 25% year-over-year [8] - Consolidated adjusted EBITDA for Q3 was $26 million, up 12% year-over-year, and for the nine months, it totaled $66.6 million, up 21% year-over-year [10][28] - Free cash flow was $15.4 million, down from $22.4 million in the prior year quarter, with a conversion rate of 59% of adjusted EBITDA [28] - Diluted earnings per share for Q3 were $0.11, compared to $0.14 in the same period last year [29] Business Segment Data and Key Metrics Changes - Digital segment revenue represented approximately 78% of consolidated revenue, totaling $188.9 million, up 29% year-over-year [12] - Television segment revenue was $35.7 million, down 2% year-over-year, but up 14% when excluding three discontinued Univision affiliations [18][25] - Audio segment revenue totaled approximately $16.5 million, consistent with the prior year period, but core audio revenue decreased 6% year-over-year [22][26] Market Data and Key Metrics Changes - Political advertising revenue for the company was $7.9 million in Q3, with full-year expectations now at approximately $30 million, up from prior estimates of $17 million to $19 million [19][35] - Auto ad revenues were up 3% year-over-year, while finance and beverage categories improved 86% and 419%, respectively [20] Company Strategy and Development Direction - The company is focused on global expansion, with a presence in 40 countries across five continents, and aims to invest in or acquire companies to enhance digital offerings [6][36] - The digital segment will continue to improve services with a client-centric approach, leveraging partnerships with companies like Meta and TikTok [39] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the upcoming midterm elections leading to record political ad spend, with a significant increase in political advertisers reserving spots early [34] - Despite macroeconomic challenges, the company anticipates continued growth in its digital segment and is actively exploring new market opportunities [36][39] Other Important Information - The company announced a cash dividend of $0.025 per share payable on December 15, 2022 [11] - The impact of foreign exchange rates during the quarter was $2 million, but adjusted EBITDA on a constant currency basis improved 20% compared to the prior year period [10][27] Q&A Session Summary Question: Breakdown of $30 million political ad revenue between radio and television - Management indicated that approximately $24 million of the $30 million is from television, with the remainder from radio, suggesting an 80%-20% split [42] Question: Impact of immigration on Spanish-language media - Management noted that the Spanish-speaking population in the U.S. will continue to grow, and the company will produce relevant programming for this audience [45] Question: Potential slowing in digital business growth - Management acknowledged a deceleration in growth rates but emphasized that the overall business remains healthy [46] Question: Incrementality of political advertising to core business - Management estimated that about 50% of the political ad revenue is incremental to the core business, with many core advertisers sidelined during the political season [51] Question: Exclusive partnerships in digital representation business - Management confirmed that all of Latin America is under exclusive agreements with Meta, while Asia is not exclusive, and Africa is quasi-exclusive [56] Question: Future cash tax considerations - Management advised modeling cash taxes at a rate of 24% to 25% going forward, as the company is now becoming a cash taxpayer [60]
Entravision(EVC) - 2022 Q3 - Quarterly Report
2022-11-03 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER 1-15997 ENTRAVISION COMMUNICATIONS CORPORATION (Exact name of registrant as specified in its charter) Delaware 95-4783236 (State ...
Entravision Communications (EVC) Presents at the Sidoti September Small-Cap Virtual Conference - Slideshow
2022-09-24 17:08
| --- | --- | |----------------------------------------------------------------|-------| | | | | Sidoti September Small-Cap Virtual Conference | | | Chris Young \| Chief Financial Officer September 21st, 2022 | | About this presentation Use of Non-GAAP Financial Measures This presentation includes certain non-GAAP financial measures. The company has previously provided a reconciliation between these non-GAAP financial measures and the most directly comparable GAAP measure. That reconciliation was included i ...
Entravision Communications (EVC) presents at 13th Annual Midwest IDEAS Conference - Slideshow
2022-08-24 16:49
| --- | --- | |-------------------------------------------------------------|-------| | | | | 13th Annual Midwest IDEAS Conference | | | Chris Young \| Chief Financial Officer August 24th, 2022 | | About this presentation Use of Non-GAAP Financial Measures This presentation includes certain non-GAAP financial measures. The company has previously provided a reconciliation between these non-GAAP financial measures and the most directly comparable GAAP measure. That reconciliation was included in the Company's ...
Entravision(EVC) - 2022 Q2 - Earnings Call Transcript
2022-08-04 02:37
Entravision Communications Corporation (NYSE:EVC) Q2 2022 Earnings Conference Call August 3, 2022 5:00 PM ET Company Participants Kimberly Esterkin - Addo Investor Relations Walter Ulloa - Chairman and Chief Executive Officer Christopher Young - Chief Financial Officer Conference Call Participants Michael Kupinski - Noble Capital Markets James Dix - Industry Capital Research Robert Maltbie - Singular Research Edward Reilly - EF Hutton Howard Rosencrans - Value Advisory Operator Greetings, and welcome to the ...
Entravision(EVC) - 2022 Q2 - Quarterly Report
2022-08-03 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER 1-15997 ENTRAVISION COMMUNICATIONS CORPORATION (Exact name of registrant as specified in its charter) Delaware 95-4783236 (State or o ...
Entravision(EVC) - 2022 Q1 - Earnings Call Transcript
2022-05-08 10:39
Entravision Communications Corporation (NYSE:EVC) Q1 2022 Earnings Conference Call May 5, 2022 5:00 PM ET Company Participants Kimberly Esterkin – Investor Relations Walter Ulloa – Chairman and Chief Executive Officer Chris Young – Chief Financial Officer Conference Call Participants Michael Kupinski – Noble Capital Markets James Dix – Industry Capital Research Lisa Springer – Singular Research Operator Greetings, and welcome to Entravision First Quarter 2022 Earnings Conference Call. [Operator Instructions ...
Entravision(EVC) - 2021 Q4 - Annual Report
2022-03-15 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered FORM 10-K ANNUAL REPORT PURSUANT TO SECTIONS 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commi ...
Entravision(EVC) - 2021 Q3 - Earnings Call Transcript
2021-11-07 10:29
Entravision Communications Corp (NYSE:EVC) Q3 2021 Earnings Conference Call November 4, 2021 5:00 PM ET Company Participants Kimberly Esterkin - ADDO Investor Relations Walter Ulloa - Chairman and Chief Executive Officer Chris Young - Chief Financial Officer and Treasurer Conference Call Participants Michael Kupinski - NOBLE Capital Markets James Dix - Industry Capital Research Operator Greetings, and welcome to the Entravision Communications Corporation's third quarter 2021 earnings conference call. As a r ...
Entravision(EVC) - 2021 Q3 - Quarterly Report
2021-11-04 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER 1-15997 ENTRAVISION COMMUNICATIONS CORPORATION (Exact name of registrant as specified in its charter) Delaware 95-4783236 (State ...