Entravision Q4 Income Up, Revenues Off
February 26, 2015 at 1:31 PM (PT)
ENTRAVISION COMMUNICATIONS Q4 2014 net revenue rose 9% to $65,262,000, with net income falling 96% to $5,942,000 (7 cents/share). Radio revenue rose 5% to $18,231,000 -- $800,000 of the revenue increase was attributed to radio (mostly from political ads) and $600,000 was from television (also from political ads as well as retransmission consent revenue, offset by decreases in local and national ad revenue); $3.8 million of the overall increase came from the purchase of PULPO MEDIA.
"During the fourth quarter, we achieved revenue growth driven by increases in our television, radio and digital media segments, as well as retransmission consent revenue and political advertising revenue,” Chairman/CEO WALTER F. ULLOA said. “We also improved our free cash flow, and we continued to build our digital footprint through the acquisition of PULPO MEDIA in JUNE 2014, which provides us with an integrated platform to allow advertisers and marketers to connect with Latino audiences. Looking ahead, we remain well positioned to build on our success in attracting Latino audiences, expanding our advertiser base and monetizing our reach to the benefit of our shareholders."
ENTRAVISION's Board of Directors has also approved a quarterly cash dividend of $0.025 per share of Class A, Class B and Class U common stock, payable on MARCH 31st to shareholders of record as of March 12th; the common stock will trade ex-dividend on MARCH 10th.