Entravision Q1 Revenues Up
May 4, 2006 at 1:04 PM (PT)
ENTRAVISION first quarter revenues rose 5% to $59.919 million, with broadcast cash flow up 12% to $19.259 million, EBITDA up 15% to $15.027 million, free cash flow up 2% to $1.812 million, and net income up faom a loss of $4.485 million to a gain of $12.119 million (-4 to +11 cents/share). Pro forma radio revenue, excluding numbers from SAN JOSE_SAN FRANCISCO properties sold during first quarter 2006, rose 3% to $19.156 million, attributed to higher ad rates and the additional revenue from Alternative KDLD-KDLE (INDIE 103.1)/LOS ANGELES, which came under ENTRAVISION's sales control in second quarter 2005.
Pro forma second quarter net revenue is projected at mid- to high-single-digit increases.