Entravision(EVC)
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Entravision(EVC) - 2020 Q1 - Earnings Call Transcript
2020-05-08 02:41
Entravision Communications Corp (NYSE:EVC) Q1 2020 Earnings Conference Call May 7, 2020 5:00 PM ET Company Participants Walter Ulloa - Chairman & CEO Christopher Young - CFO & Treasurer Conference Call Participants Michael Kupinski - NOBLE Capital Markets Operator Good afternoon, and welcome to Entravision's First Quarter 2020 Earnings Conference Call. [Operator Instructions]. Please note, this event is being recorded. I would now like to turn the conference over to Walter Ulloa Chairman and CEO. Please go ...
Entravision(EVC) - 2019 Q4 - Annual Report
2020-03-16 18:50
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, 2019 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) - 2019 Q4 - Earnings Call Transcript
2020-03-06 21:33
Financial Data and Key Metrics Changes - Revenues decreased 14% to $70.8 million in Q4 2019 compared to the prior year [8][41] - Consolidated adjusted EBITDA decreased 47% to $11.1 million in Q4 2019 compared to $20.9 million in Q4 2018 [8][41] - For the year, total revenues decreased by 8% to $273.6 million compared to $297.8 million in 2018 [8][41] - Consolidated adjusted EBITDA for the year decreased 24% to $41.2 million [8][41] Business Line Data and Key Metrics Changes - Television revenues in Q4 decreased 19% to $36.9 million, primarily due to the absence of approximately $7 million in political revenue from the prior year [9][42] - Audio revenues were down 17% in Q4 compared to the prior year, with local revenues down 9% and national revenues down 29% [16][42] - Digital revenues increased by 1% to $20 million in Q4 compared to $19.8 million in the prior year [25][43] Market Data and Key Metrics Changes - National advertising revenue for television was down 39% while local revenue was down 6% in Q4 [9] - Core TV advertising revenue excluding political was down 7% in Q4, with national down 11% and local down 4% [9] - Audio revenues for the year were down 14% to $55 million compared to $63.9 million in the prior year [17] Company Strategy and Development Direction - The company is focused on executing a multiplatform strategy and investing in content and distribution assets to enhance cash flows [39] - The digital division is expected to improve performance in 2020, driven by the Smadex platform and a streamlined cost structure [34][39] - The company anticipates impressive political revenue increases in 2020 compared to 2016, leveraging its media assets in key swing states [40] Management's Comments on Operating Environment and Future Outlook - Management noted continued softness in TV and audio units but expressed optimism about digital results improving [38] - The first quarter of 2020 is off to a good start, with strong political pacing expected [39] - Management is confident in the changes made throughout 2019 and believes they will contribute to increased cash flow in the audio business [66][67] Other Important Information - The company has approximately $138 million in cash and marketable securities against total debt of approximately $218 million [7] - The company repurchased approximately 802,000 shares at an average price of $2.73 per share during Q4 [7] Q&A Session Summary Question: Did you do about $1 million in television political in the fourth quarter? - Management clarified that political revenue was about $200,000 in Q4 [49] Question: Can you talk about the amount of political that was booked so far in the first quarter? - Approximately $4.6 million of political revenue is booked for Q1 in television and about $630,000 in radio [49] Question: Have the ratings in radio stabilized? - Management confirmed that ratings have stabilized, with significant improvement noted in Los Angeles [50][51] Question: Can you provide an update on the legal issue regarding performance royalty? - Management stated that the matter is being litigated and is considered non-material [56] Question: What are your thoughts on the recent ownership changes at Univision? - Management believes it could be a positive step for Univision, which is important for programming delivery [57] Question: Can you clarify the $8 million of expense reduction in the audio cost structure? - Management indicated that the majority of the $8 million reduction is due to renegotiated programming contracts [58] Question: How does the shift to Katz affect your national sales force? - Management confirmed that the national sales force will be reallocated or reduced as part of the shift to Katz [60]
Entravision(EVC) - 2019 Q3 - Earnings Call Transcript
2019-11-09 01:11
Entravision Communications Corp (NYSE:EVC) Q3 2019 Earnings Conference Call November 7, 2019 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 Operator Good afternoon everyone and welcome to Entravision’s Third Quarter 2019 Earnings Conference Call. [Operator Instructions]. At this time I’d like to turn the conference over to Mr. Walter Ulloa, Chairman and Chief Execu ...
Entravision(EVC) - 2019 Q3 - Quarterly Report
2019-11-08 21:06
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 September 30, 2019 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) - 2019 Q2 - Quarterly Report
2019-08-08 20:35
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, 2019 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) - 2019 Q2 - Earnings Call Transcript
2019-08-07 07:37
Entravision Communications Corp (NYSE:EVC) Q2 2019 Earnings Conference Call August 6, 2019 5:00 PM ET Company Participants Walter Ulloa - Chairman & CEO Christopher Young - CFO & Treasurer Conference Call Participants Michael Kupinski - NOBLE Capital Markets Gordon Hodge - Tracker Research Operator Good afternoon, and welcome to the Entravision Second Quarter 2019 Conference Call. [Operator Instructions]. Please note, this event is being recorded. I would now like to turn the conference over to Mr. Walter U ...
Entravision(EVC) - 2018 Q4 - Annual Report
2019-05-07 00:31
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, 2018 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commi ...