Entravision Fourth Quarter Revenues Up, But Radio And Digital Slip

Q4 Results

ENTRAVISION COMMUNICATIONS CORPORATION fourth quarter 2018 overall net revenue rose 12% to $82.073 million, but net income fell 46% to $6.913 million (8 cents/basic and diluted share). Net revenue from advertising and retransmission consent increased 10% to $80.9 million, an increase of $7.4 million, attributed to a jump in political advertising on the television side; radio fell slightly by 2% to $16.796 million and digital slipped by 3% to $19.749 million.

Chairman/CEO WALTER F. ULLOA said, "During the fourth quarter, we achieved growth in advertising revenue, driven by an increase in our television segment. We also improved our free cash flow over the fourth quarter of 2017. We continue to maintain a solid balance sheet and return capital to our shareholders through our share repurchase program and dividend. Looking ahead, we remain well positioned to build on our success in further attracting Latino and other audiences worldwide, as we execute our multiplatform strategy to the benefit of our shareholders."

The company's Board of Directors also approved a quarterly cash dividend of 5 cents per share of ENTRAVISION Class A, Class B and Class U common stock, payable JUNE 28th to shareholders of record as of JUNE 14th. The stock will trade ex-dividend on JUNE 13th.

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