Entravision(EVC)
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Entravision(EVC) - 2021 Q2 - Earnings Call Transcript
2021-08-08 23:43
Entravision Communications Corp (NYSE:EVC) Q2 2021 Earnings Conference Call August 5, 2021 5:00 PM ET Company Participants Kimberly Esterkin - ADDO Investor Relations Walter Ulloa - Chairman & Chief Executive Officer Chris Young - Chief Financial Officer & Treasurer Conference Call Participants Michael Kupinski - NOBLE Capital Markets James Dix - Industry Capital Research Lisa Springer - Singular Research Operator Greetings, and welcome to the Entravision Communications Corporation Second Quarter 2021 Earni ...
Entravision(EVC) - 2021 Q2 - Quarterly Report
2021-08-05 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, 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 or o ...
Entravision(EVC) - 2021 Q1 - Earnings Call Transcript
2021-05-07 01:48
Financial Data and Key Metrics Changes - The company reported net revenue of $148.9 million for Q1 2021, an increase of 132% year-over-year [6] - Adjusted EBITDA totaled $14.2 million, up 47% from the prior year period [9] - Free cash flow was approximately $13 million, up 149% compared to Q1 2020 [36] - Earnings per share for Q1 2021 were $0.06, compared to a loss of $0.42 per share in the same quarter last year [37] Business Line Data and Key Metrics Changes - Television division generated $36.1 million, down 8% year-over-year, primarily due to lack of political revenue [11] - Digital revenues totaled $101.5 million, an increase of 661% year-over-year, representing 68% of total revenues [16] - Audio revenues totaled $11.3 million, a decrease of 4% year-over-year, while core audio revenue increased by 6% [19][28] Market Data and Key Metrics Changes - The television advertising business is pacing 44% over the prior year period, with core TV pacing at plus 55% [39] - Digital business, including revenue from Cisneros Interactive, is pacing plus 900%, with a pro forma increase of 115% [39] - Audio business is pacing plus 84%, with core audio, excluding political, pacing plus 103% [40] Company Strategy and Development Direction - The company is focused on expanding and enhancing its digital offerings following the acquisition of Cisneros Interactive [41] - A streamlined cost structure is expected to improve operational efficiency while delivering high-quality services [42] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about continued growth due to improving macroeconomic conditions [42] - The company anticipates strong momentum from Q1 results to carry through the year [26] Other Important Information - The company maintained a dividend of $0.250 and has paused share buybacks [32] - Total debt was $214.5 million, with a net leverage of 2.15 times at the end of Q1 [38] Q&A Session Summary Question: How did your legacy digital businesses perform in the quarter? - The legacy digital businesses performed better than expected, achieving over 100% growth compared to the previous year [45] Question: Have you started to see political advertising related to the California recall? - Political advertising is expected to generate an additional $2 million to $4 million in revenue, primarily in Q4 [48][49] Question: What is the revenue impact of upcoming soccer tournaments? - The company expects an incremental revenue of $2 million to $3 million from soccer tournaments, primarily in Q2 [50]
Entravision(EVC) - 2020 Q4 - Annual Report
2021-04-11 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, 2020 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) - 2020 Q4 - Earnings Call Transcript
2021-03-12 03:45
Entravision Communications Corp (NYSE:EVC) Q4 2020 Earnings Conference Call March 11, 2021 5:00 PM ET Company Participants Kimberly Esterkin - ADDO Investor Relations Walter Ulloa - Chairman & CEO Christopher Young - CFO & Treasurer Conference Call Participants Michael Kupinski - NOBLE Capital Markets Lisa Springer - Singular Research Operator Greetings, and welcome to the Entravision Communications Corporation Fourth Quarter and Full Year 2020 Earnings Conference Call. As a reminder, this conference is bei ...
Entravision(EVC) - 2020 Q3 - Earnings Call Transcript
2020-11-08 14:12
Financial Data and Key Metrics Changes - Revenues for Q3 totaled $63 million, down 8% year-over-year but up 40% sequentially [7][30] - Consolidated operating expenses for Q3 2020 declined 21% year-over-year [7][33] - Adjusted EBITDA increased significantly to $16.4 million for Q3 2020, up 79% compared to $9.1 million in the prior year [7][35] - Free cash flow was approximately $10.6 million in the quarter compared to $326,000 in the prior year period [35] - Earnings per share for Q3 2020 were a positive $0.11 compared to a loss of $0.14 per share in the same period last year [36] Business Line Data and Key Metrics Changes - Television segment generated revenues of $37.8 million, up 4% year-over-year and up 40% sequentially [9][30] - Audio segment revenues totaled $11.5 million, down 22% year-over-year but up 70% sequentially [13][31] - Digital revenues totaled $13.7 million, a decrease of 22% year-over-year but improved 20% sequentially [22][31] Market Data and Key Metrics Changes - Political advertising revenue for Q3 totaled $6.3 million, with expectations to exceed $28 million for 2020 [7][8] - National advertising revenues were up 37% driven mainly by political spend, while local advertising revenues were down 14% due to COVID-19 [9] Company Strategy and Development Direction - The company is focusing on enhancing digital advertising capabilities through strategic investments, including a majority investment in Cisneros Interactive [21][39] - The investment in Cisneros Interactive aims to expand digital service offerings and position the company as a leading digital advertising entity in the U.S. and Latin America [21][40] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the prospects for the balance of the year and into 2021, citing strong sequential growth across all operating segments [6][28] - The company anticipates maintaining the majority of its operating cost cuts into Q4 [34] Other Important Information - The company maintained its dividend at $0.025 and is considering future dividend policies based on performance [34][55] - Cash and marketable securities as of September 30, 2020, totaled $136.5 million, with total debt at $216 million [37] Q&A Session Summary Question: What is the political revenue for TV and radio in Q4? - Political for Q4 is approximately $11.1 million for TV and about $3 million for radio [45] Question: Can you provide more color on digital revenue in Q4 excluding Cisneros? - Local digital is pacing strongly at plus 10%, while international business is down 30% [48] Question: What are the cost reductions expected to flow into Q4? - Revenue increase will lead to a variable expense increase of $3 million to $4 million, with an additional $3.9 million associated with Cisneros [53][54] Question: What is the M&A climate in the digital business? - The company is actively looking at digital companies that complement its portfolio and hopes to find reasonable multiples for acquisitions [58] Question: What is the EBITDA margin for Cisneros Interactive? - The EBITDA margin is about 5% to 6%, with full revenue and expense booked on the P&L [65] Question: What is the moat around the Cisneros Interactive business? - The moat includes relationships with major tech platforms like Facebook, Spotify, and LinkedIn, along with strong management [67]
Entravision(EVC) - 2020 Q3 - Quarterly Report
2020-11-06 21:10
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, 2020 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(EVC) - 2020 Q2 - Earnings Call Transcript
2020-08-09 10:10
Entravision Communications Corporation (NYSE:EVC) Q2 2020 Earnings Conference Call August 4, 2020 5:00 PM ET Company Participants Walter Ulloa - Chairman and Chief Executive Officer Chris Young - Chief Financial Officer Conference Call Participants Michael Kupinski - NOBLE Capital Markets Aaron Watts - Deutsche Bank Operator Good afternoon and welcome to the Entravision’s Second Quarter 2020 Earnings Conference Call. All participants will be in a listen-only mode. After today’s presentation, there will be a ...
Entravision(EVC) - 2020 Q2 - Quarterly Report
2020-08-06 20:06
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, 2020 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) - 2020 Q1 - Quarterly Report
2020-05-08 20:09
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 MARCH 31, 2020 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 ...