Entravision Communications Reports Significant Third Quarter Revenue Growth and Return to Profitability
Entravision Communications Corporation (EVC) reported strong third-quarter financial results, highlighted by a significant year-over-year revenue increase of 87.6%, reaching $226.3 million. The company achieved a GAAP diluted earnings per share (EPS) of $0.18, marking a substantial turnaround from the loss of $0.11 reported in the same period last year. Despite the strong top-line growth, management noted that advertising technology services (ATS) revenue is expected to decrease sequentially in the third quarter. However, the company maintains an optimistic outlook for its ATS segment, targeting year-over-year growth exceeding 100% for both the third and fourth quarters.
Tickers: $EVC
Topics: earnings report GAAP EPS revenue growth