Entravision Reports 4Q Revenue Increase

• Reports Quarter Over Quarter Net Income Attributable to Common Stockholders Growth of 176%
• Reports Quarter Over Quarter Consolidated Adjusted EBITDA Growth of 195% 
• Reports Quarter Over Quarter Operating Cash Flow Growth of 369% -
• Reports Quarter Over Quarter Free Cash Flow Growth of 495% -
• Quarterly Cash Dividend of $0.025 Per Share 

Entravision Communications Corporation Thursday reported unaudited financial results for the three- and twelve-month periods ended December 31, 2020.

Entravision Communications reports fourth quarter net revenues rose 142% to $171.6 million from $70.8 million in 2019. Of the overall increase, $13.6 million was attributable to its television segment and $2.3 million from its radio segment, primarily driven by increases in political advertising revenue.

“Entravision capped off a very challenging year with an exceptionally strong fourth quarter,” said Walter F. Ulloa, Chairman and Chief Executive Officer. “In addition to achieving record political revenues in the fourth quarter of 2020, our digital business expanded significantly and was up 424% over the prior-year period due in large part to our acquisition of a majority interest in Cisneros Interactive. Importantly, all three of our business segments grew in the fourth quarter of 2020 compared to the prior year, positioning us well for 2021.”

Mr. Ulloa continued, “This past quarter, as we focused on streamlining our cost structure to maintain the stability of our business, we also made great progress in strengthening our digital segment. In November, we appointed industry veteran and member of our Board of Directors Juan Saldívar as our new Chief Digital, Strategy and Accountability Officer. Juan’s appointment followed a number of strategic moves in 2020 to strengthen our portfolio of digital assets, including both the formation of Entravision Digital and our majority investment in Cisneros Interactive. We will continue to build upon our digital offerings, while also maintaining and strengthening our television and radio segments.”