Entravision Revenue Hits "Record Levels"

Entravision Communications Corporation has announced financial results for the three- and twelve-month periods ended December 31, 2021.

• All-time full-year record revenue and free cash flow
• Net revenue up 36% and 121% over the prior-year quarter and full year, respectively
• Net income attributable to common stockholders down 81% over the prior-year quarter
• Net income attributable to common stockholders of $29.3 million, compared to a loss of $3.9 million in the prior full year
• Consolidated adjusted EBITDA up 1% and 46% over the prior-year quarter and full year, respectively
• Operating cash flow down 70% and up 3% over the prior-year quarter and full year, respectively
• Free cash flow up 8% and 83% over the prior-year quarter and full year, respectively
• Acquisition of remaining 49% of Cisneros Interactive
• Expansion into Asia and Africa with the acquisitions of MediaDonuts and 365 Digital
• Quarterly cash dividend of $0.025 per share
• New $20 million share repurchase program

Walter Ulloa

“2021 was a transformational year for Entravision, with revenue and free cash flow reaching record levels,” said Walter Ulloa, Chairman and Chief Executive Officer. “Our growth for the fourth quarter and full year 2021 was largely driven by the expansion of our digital business, which comprised 73% of our net revenue. Core television and audio also contributed to our overall strength during the year as we maintained our exceptional talent, programming and ratings. In addition, we saw great advancements in profitability. Full year consolidated adjusted EBITDA of $88.0 million improved 46% over 2020, demonstrating our growth and continued expense management."

Mr. Ulloa continued, “I am very pleased with the continued transformation of Entravision’s business. Through both organic growth and strategic acquisitions we have become a leading global advertising solutions, media and technology company, serving over 3,000 clients each month in over 30 countries. We connect brands and advertisers with consumers in primarily emerging growth markets around the world and are excited about this enormous opportunity. I believe we have a talented, experienced and energetic team of professionals around the world with the expertise and resources to continue to grow Entravision’s business into the future."