Digital Acquisitions Pump Up First Quarter Revenue At Entravision

Q1

Net revenue jumped 32% year-over-year to $197.2 million at ENTRAVISION COMMUNICATIONS CORPORATION for first quarter 2022, fueled by the acquisitions of MEDIADONUTS and 365 DIGITAL, but net income attributable to common stockholders fell 65% to $1.887 million (2 cents/share). Consolidated adjusted EBITDA rose 28% to $18.1 million.

Chairman WALTER ULLOA touted his company's "lean, efficient cost structure, helping to drive our cash flow as well as our ability to provide consistent returns to our shareholders," citing 51% revenue growth in the digital segment, which now comprises 78% of overall revenue,

ENTRAVISION's Board of Directors also approved a quarterly cash dividend of 2.5 cents/share on Class A, B, and U common stock, payable JUNE 30th to shareholders of record as of JUNE 16th.

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