Entravision(EVC) - 2025 Q4 - Annual Results

Revenue Performance - Consolidated net revenue increased by 26% in Q4 2025 compared to Q4 2024, reaching $134.4 million, and increased by 23% for the full year 2025, totaling $447.6 million[4] - Media segment net revenue decreased by 32% in Q4 2025 to $45.8 million and decreased by 20% for the full year 2025 to $176.7 million, primarily due to lower political advertising revenue[4] - Advertising Technology & Services segment net revenue surged by 123% in Q4 2025 to $88.6 million and increased by 90% for the full year 2025 to $270.9 million, driven by higher advertising spend per client[4] - Net revenue for the three-month period ended December 31, 2025, was $134.378 million, a 25.6% increase from $106.962 million in the same period of 2024[13] Profitability - Segment operating profit was $11.9 million for Q4 2025, a decrease of 43% year-over-year, while full year operating profit was $27.6 million, down 41% from the previous year[4] - Media segment reported an operating loss of $0.4 million in Q4 2025, compared to a profit of $18.5 million in Q4 2024, and a full year operating loss of $6.2 million compared to a profit of $38.7 million[4] - ATS segment operating profit increased by 464% in Q4 2025 to $12.3 million and by 317% for the full year to $33.8 million[4] - Operating income for the three-month period ended December 31, 2025, was a loss of $20.661 million, compared to a loss of $48.572 million in the same period of 2024, showing a 57.4% improvement[13] - Net income attributable to common stockholders for the twelve-month period ended December 31, 2025, was a loss of $79.167 million, compared to a loss of $148.908 million in 2024, representing a 46.8% improvement[13] - Basic and diluted earnings per share for the twelve-month period ended December 31, 2025, was a loss of $0.87, compared to a loss of $1.66 in 2024, reflecting a 47.6% improvement[13] Expenses and Cash Flow - Corporate expenses decreased by 13% in Q4 2025 and by 28% for the full year, primarily due to reductions in salaries and professional services[4] - Net cash provided by operating activities was $9.8 million for Q4 2025 and $10.6 million for the full year[4] - Net cash provided by operating activities for the twelve-month period ended December 31, 2025, was $10.649 million, compared to $74.705 million in 2024, a decrease of 85.7%[18] - Total expenses for the three-month period ended December 31, 2025, were $155.039 million, slightly down from $155.534 million in the same period of 2024, a decrease of 0.3%[13] Assets and Liabilities - Total current assets decreased to $183.481 million as of December 31, 2025, from $186.300 million in 2024, a decline of 1.4%[15] - Total liabilities decreased to $332.069 million as of December 31, 2025, from $341.258 million in 2024, a reduction of 2.5%[16] - Cash and cash equivalents decreased to $59.439 million as of December 31, 2025, from $95.914 million in 2024, a decline of 38%[15] - Total stockholders' equity decreased to $55.442 million as of December 31, 2025, from $146.020 million in 2024, a decline of 62%[16] Dividends and Debt - A quarterly cash dividend of $0.05 per share was approved, payable on March 31, 2026[5] - The company repaid $5 million on its bank term loan in Q4 2025, totaling $20 million for the full year, and had $63.2 million in cash and cash equivalents as of December 31, 2025[4]