Entravision Q4 Net Revenue Up 28%, 2012 Up 15%
February 27, 2013 at 2:05 PM (PT)
ENTRAVISION COMMUNICATIONS reported a 28% increase in net revenue to $63.7 million in Q4, with a year-end rise of 15% to $223.2 million.Consolidated adjusted EBITDA rose 77% to $25.3 million, with full-year EBITDA up 39% to $76.8 million,
"During 2012, we achieved double-digit revenue growth primarily driven by increases in political advertising, core advertising, and retransmission consent revenue," ENTRAVISION Chairman/CEO WALTER F. ULLOA said, Core revenue (excluding retransmission consent revenue and political advertising revenue) from our television and radio segments outperformed their respective industry averages, and we significantly improved our free cash flow over 2011. Our television and radio platforms have become an increasingly important channel for reaching Hispanic voters, resulting in significant increases in political advertising revenue. Our audience shares remain strong in the nation's most densely populated Hispanic markets, and we believe we are well positioned to benefit as the U.S. Hispanic market continues to expand and advertisers increasingly recognize the importance of reaching our target audience."
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