Entravision Communications Q3 revenue jumps 88% on ATS segment growth
EVC•Entravision Communications' third-quarter revenue rose 88% year over year to $226.31 million, while ATS segment revenue increased 133%. The company reported net income of $19.03 million and declared a quarterly dividend of $0.05 per share, payable December 31.
1. Revenue growth
Entravision Communications said third-quarter revenue increased 88% year over year to $226.31 million. Net income was $19.03 million, operating income was $28.29 million and pretax profit was $25.91 million.
2. Segment drivers
ATS segment revenue rose 133%, which the company attributed to investment in AI capabilities, increased sales capacity, more advertisers and higher revenue per advertiser. Media segment growth mainly reflected higher broadcast and political advertising revenue and increased retransmission fees.
3. Dividend and outlook
The company declared a quarterly cash dividend of $0.05 per share, payable December 31. It did not provide specific financial guidance for future revenue or earnings.
