Financial Data and Key Metrics Changes - The company reported a consolidated revenue increase of 17% to $91.9 million in Q1 2025 compared to Q1 2024 [4][14] - Excluding non-cash accounting charges, the operating loss was $3.9 million in Q1 2025 [4][24] - The net loss attributable to common stockholders was $48 million, primarily due to non-cash charges [24] Business Line Data and Key Metrics Changes - Media segment revenue decreased by 10% to $41 million in Q1 2025 compared to Q1 2024, attributed to reduced local advertising spend [5][15] - Advertising Technology and Services (ATS) segment revenue increased by 57% to $50.9 million in Q1 2025 compared to Q1 2024, driven by more customers and higher spend per customer [9][14] Market Data and Key Metrics Changes - The media segment experienced a decline in active local advertisers, while the average spend per active advertiser increased slightly [5] - The ATS segment's growth was supported by investments in technology and increased sales capacity [9][20] Company Strategy and Development Direction - The company is focusing on increasing local sales capacity and expanding digital sales capabilities in the media segment [7][11] - In the ATS segment, the strategy includes investing in engineering to enhance technology and AI capabilities [9][20] - The overall goal is to optimize organizational structure and reduce expenses while driving revenue growth [12][16] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the need for improvement in operating performance, particularly in the media segment [4][21] - There is optimism regarding the ATS segment's growth potential and the effectiveness of ongoing investments [20] Other Important Information - Corporate expenses were reduced by 36% to $7.8 million in Q1 2025 compared to Q1 2024 [21][22] - The company incurred non-cash charges totaling $48.9 million due to asset write-downs and office relocation [23][24] - The company maintains a strong balance sheet with $78 million in cash and marketable securities [24] Q&A Session Summary Question: How has Entravision's business been impacted by recent changes in trade policy and tariffs? - Management indicated that the advertising services business is not directly subject to tariffs, and many advertisers are local service businesses not impacted by tariffs [29][30] - No changes to forecasts or strategic plans have been made in response to trade policy changes [31]