Entravision Q4 Revenues, Income Rise
February 24, 2006 at 6:29 AM (PT)
ENTRAVISION net revenue rose 8% to $73.164 million for fourth quarter 2005, with adjusted EBITDA up 12% to $24.876 million, free cash flow up 8% to $11.601 million, and net income up 31% to $3.421 million (3 cents/share). Radio revenue showed a 6% increase to $25.232 million, with radio EBITDA up 12% to $24.876 million. The boost was credited to a hike in local ad rates, revenue from Alternative KDLD-KDLE (INDIE 103.1)/LOS ANGELES (for which the company re-assumed sales responsibility), and the addition of KBMB/SACRAMENTO.
The company predicts pro forma net revenue to increase by mid-single digits and operating expenses to increase by low- to mid-single-digit percentages.