Entravision(US:EVC)2025-11-04 21:05Revenue 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].