The Media segment saw revenue drop 32% year-over-year to $45.8 million, resulting in an operating loss of $0.4 million compared with a $18.5 million profit in Q4 2024. Excluding last year’s political ad revenue, local advertising rose 4% and national declined 5%, while consolidated revenue reached $134 million and the overall operating loss narrowed to $21 million from $49 million.

The Advertising Technology & Services segment delivered $88.6 million in revenue, up 123% from Q4 2024, and produced a $12.3 million operating profit versus $2 million a year ago. Growth was driven by increased customer count, higher spend per account, and ongoing investments in AI capabilities, engineering hires and expanded sales capacity.

Q4 results included a $26 million non-cash impairment charge on certain FCC licenses. For full-year 2025, Entravision recorded an $83.4 million operating loss, up from $52 million in 2024, primarily due to lease abandonment costs, $2.8 million in restructuring charges and related workforce reductions.

Management highlighted cost actions that reduced Media operating expenses by $2.5 million in Q4 and flat full-year spending despite investments. New revenue initiatives include the Altavision multicast network trial launched in October and the January debut of WAPA Orlando Channel 26 targeting Spanish-speaking audiences in Central Florida.