Entravision Reports All-Time Record High 1Q Revenue

Entravision Communications Corporation, a leading global advertising solutions, media and technology company, today announced financial results for the three-month period ended March 31, 2022.

First Quarter 2022 Highlights

• All-time first quarter record revenue, EBITDA and free cash flow
• Net revenue up 32% over the prior-year quarter
• Net income attributable to common stockholders down 65% over the prior-year quarter
• Consolidated adjusted EBITDA up 28% over the prior-year quarter
• Operating cash flow up 127% over the prior-year quarter
• Free cash flow up 10% over the prior-year quarter
• Quarterly cash dividend of $0.025 per share
• Repurchased $7.1 million in shares under the Company's $20 million share repurchase program
• Post quarter entered into a definitive agreement to make an investment in Jack of Digital

Walter Ulloa

“Entravision begins 2022 on very solid footing, with net revenue for the first quarter totaling $197.2 million, up 32% year-over year. Adjusted EBITDA also improved to total $18.1 million, an increase of 28% over the prior-year period,” said Walter Ulloa, Chairman and Chief Executive Officer. “Importantly, even as our top line continues to grow, we have maintained a lean, efficient cost structure, helping to drive our cash flow as well as our ability to provide consistent returns to our shareholders."

Ulloa continued, “Our strength during the first quarter was largely driven by revenue growth of 51% in our digital segment, which comprised 78% of consolidated revenue. Our broadcast businesses, and, in particular, audio, helped drive our strong margins and cash flow. Simultaneously, our strategic expansion of our commercial partnerships with some of the world’s leading technology platforms has positioned us at the forefront of digital innovation across emerging economies, including Latin America, Southeast Asia, Africa, and Pakistan when we complete our investment in Jack of Digital. We are excited about the enormous opportunities that lie in front of us and look forward to sharing our progress throughout the year."