Entravision Communications released its financial results for the third quarter ending on September 30.
Overall, the company’s consolidated net revenue was up 24% year-to-year. The company’s Media segment consisting of their audio, video and digital marketing services declined 26% with the company stating it was primarily due to decreases in broadcast advertising revenue, retransmission consent revenue, and spectrum usage rights revenue, partially offset by an increase in digital advertising revenue. Its overall growth was lifted by its Advertising Technology & Services segment that rovides programmatic advertising technology and services to advertisers and mobile app developers on a global basis. The Advertising Technology & Services segment increased significantly by 104% due to increases in advertising revenue including advertising spend per client.
The Media segment’s operating loss was $3.5 million for third quarter 2025, compared to operating profit of $11.7 million in third quarter 2024, while Advertising Technology & Services segment operating profit was $9.8 million for third quarter 2025, an increase of 378% compared to third quarter 2024.
The company also noted:
- Corporate expenses decreased 9% for third quarter 2025 compared to third quarter 2024, primarily due to expense reductions in rent and professional services.
- During third quarter 2025 the Company’s management began to implement an ongoing organization design plan intended to support revenue growth and reduce expenses, primarily in the Company’s media operations. As a result, the Company recorded a restructuring charge of $3.2 million in the third quarter of 2025. Key components of this plan in the media segment include a reduction of approximately 5% of the Company’s media segment workforce, primarily in back-office roles, and the abandonment of certain leased facilities, with impacted employees transitioning to remote work, and the shutdown of certain legacy international operations within the advertising technology & services segment.
- The company entered into a strategic amendment to its credit agreement on July 15, 2025, intended to accelerate debt reduction and provide additional financial stability and flexibility.
- The company made a $5 million scheduled debt payment and paid a dividend of $4.5 million in third quarter 2025.
- The company had $66.4 million in cash and cash equivalents and marketable securities as of September 30, 2025, compared to $100.6 million as of December 31, 2024. Net cash provided by operating activities was $8.3 million for third quarter 2025.
- Entravision’s board of directors approved a quarterly cash dividend to shareholders of $0.05 per share on the company’s Class A and Class U common stock. The dividend is payable on December 31, 2025 to shareholders of record as of the close of business on December 16, 2025.
Entravision CEO Michael Christenson stated, “Our Media segment net revenue declined 26% in the third quarter of 2025 year-over-year, primarily due to lower political revenue and weaker revenue from national television and radio advertisers. Average monthly advertisers and revenue per average monthly advertiser for our local media operations in the third quarter of 2025 were flat year-over-year. Net revenue for our Advertising Technology & Services (“ATS”) segment increased 104% in the third quarter of 2025 year-over-year. Investments in the AI capabilities of our platform and increased sales capacity enabled ATS to increase monthly active advertisers and revenue per monthly active advertiser. We repaid $5 million on our bank term loan in the third quarter of 2025, bringing our total reduction to $15 million so far for the year. We are committed to reducing our debt and maintaining a strong balance sheet.””
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