Revenue Soars At Entravision Thanks To Acquisition

Entravision Communications Corporation has announced financial results for the three-month period ended March 31, 2021.

First Quarter 2021 Highlights

• Net revenue up 132% over the same prior-year period
• Net income attributable to common stockholders of $5.4 million, compared to a loss of $35.6 million in the prior year
• Consolidated Adjusted EBITDA up 47% over the same prior-year period
• Operating cash flow up 95% over the same prior-year period
• Free cash flow up 149% over the same prior-year period
• Quarterly cash dividend of $0.025 per share

"We are very pleased with our results for the first quarter 2021, with core television and audio performing well, along with our digital segment that continues to see solid growth," said Walter F. Ulloa, Chairman and Chief Executive Officer. 

"We are particularly pleased with the progress of our recent acquisition of Cisneros Interactive through which we significantly expanded Entravision’s digital offerings to customers, including representing some of the strongest global audience and ad tech platforms. As we grew our top line, we also remained cost conscious and continue to operate a much more efficient business than even prior to the onset of the COVID-19 pandemic. Overall, we are optimistic for gradual, but continued progress throughout the balance of the year as macroeconomic conditions progress."