Entravision Communications — Third Quarter 2026 Earnings Summary

Financial Performance

• Consolidated revenue increased 88% year-over-year to $226.3 million for the third quarter of 2026, compared to $120.6 million in the same period in 2025.
• For the nine-month period ended September 30, 2026, consolidated revenue increased 108% to $651.2 million, compared to $313.2 million in the prior year period.
• Segment operating profit surged 465% to $35.2 million for the third quarter of 2026, compared to $6.2 million in 2025.
• Segment operating profit increased 545% to $101.1 million for the nine-month period of 2026, compared to $15.7 million in 2025.
• Net income attributable to common stockholders was $19.0 million for the third quarter of 2026, reversing a net loss of $9.7 million in 2025.
• Net income for the nine-month period of 2026 was $51.1 million, compared to a net loss of $61.0 million in 2025.
• Basic earnings per share from continuing operations was $0.21 for the third quarter of 2026, compared to a loss of $0.11 in 2025.
• Diluted earnings per share from continuing operations was $0.18 for the third quarter of 2026, compared to a loss of $0.11 in 2025.
• Operating income for the nine-month period of 2026 was $78.9 million, compared to an operating loss of $62.7 million in 2025.
• Cash and cash equivalents plus marketable securities totaled $89.7 million as of September 30, 2026.
• Long-term debt and current maturities totaled $152.3 million as of September 30, 2026.
• Capital expenditures were $2.6 million for the third quarter of 2026 and $9.7 million for the nine-month period of 2026.
• Net cash provided by operating activities was $16.1 million for the third quarter of 2026 and $61.7 million for the nine-month period of 2026.

Guidance and Future Outlook

• No specific forward guidance, revenue targets, or future growth projections were included in the press release.
• The press release contains standard forward-looking statement disclaimers regarding risks, uncertainties, and factors that could cause actual results to differ materially from expectations.

Business Segments and Product Lines

• Advertising Technology & Services (ATS): Net revenue increased 133% to $177.2 million for the third quarter of 2026 and 182% to $514.6 million for the nine-month period of 2026. Growth was driven by increases in monthly active advertisers and revenue per monthly active advertiser, attributed to AI platform investments and increased sales capacity. ATS segment operating profit increased 261% to $35.2 million for the quarter and 411% to $109.5 million for the nine-month period.
• Media: Net revenue increased 10% to $49.1 million for the third quarter of 2026 and 4% to $136.6 million for the nine-month period of 2026. Growth was driven by increased broadcast advertising revenue (primarily political), digital advertising revenue, and retransmission consent revenue, partially offset by decreases in spectrum usage rights revenue. Media segment operating profit improved to a $0.1 million profit for the quarter from a $3.5 million loss in 2025, and narrowed an operating loss to $8.4 million for the nine-month period from $5.8 million in 2025.
• Corporate expenses increased 7% for the third quarter of 2026, primarily due to increased stock-based compensation, and remained constant for the nine-month period.

Market and Competitive Landscape

• Entravision is identified as the largest affiliate group of the Univision and UniMás television networks.
• The company provides video, audio, and digital marketing services to local and national advertisers targeting Latino audiences in the U.S.
• The ATS business provides programmatic advertising technology and services to advertisers and app developers globally.
• Political advertising revenue was a specific driver of growth within the Media segment.

Risks and Challenges

• The press release notes standard risks associated with forward-looking statements, including known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from expectations.
• Specific risks are referenced as being discussed in the Company's filings with the Securities and Exchange Commission, but no specific operational risks (e.g., regulatory, competitive, or economic) are detailed in the text.

Management Commentary and Tone

• Management attributed ATS growth to strategic investments in AI capabilities and increased sales capacity.
• Management noted that Media segment revenue growth was driven by political advertising and retransmission fees.
• The tone reflects a significant turnaround in profitability, with segment operating profits increasing over 400% year-over-year and a return to net income after a prior-year loss.

Other Key Points

• The Board of Directors approved a quarterly cash dividend of $0.05 per share on Class A and Class U common stock, payable on December 31, 2026, to shareholders of record as of December 17, 2026.
• The company made a $5.0 million scheduled debt payment and paid a $4.6 million dividend in the third quarter of 2026.
• The company hosted a webinar to discuss results on November 5, 2026, at 5:00 p.m. Eastern Time.
• Significant non-cash items impacting the prior year included a $5.7 million impairment charge, a $25.2 million loss on lease abandonment, and $3.2 million in restructuring costs, none of which were present in the 2026 third quarter.
• Accounts receivable increased significantly, with a $16.9 million increase in the third quarter and a $54.4 million increase in the nine-month period.
• The company reported a $216,000 foreign currency gain in the third quarter of 2026, compared to a $92,000 loss in 2025.