Entravision Turns to Profit as ATS Growth Cools
Consolidated net revenue rose 88% to $226.3 million in the third quarter, and net income attributable to common stockholders was $19.0 million, or $0.18 a share, versus a $9.7 million loss a year earlier.
Entravision Communications Corporation (EVC), a media and advertising technology company, reported third-quarter 2026 net revenue of $226.3 million, up 88% from $120.6 million a year earlier. That year-over-year pace slowed from 126% growth in the second quarter and 114% in the first.
Net income attributable to common stockholders was $19.0 million, or $0.18 a share on a diluted basis, versus a net loss of $9.7 million, or $0.11 a share, in the year-ago quarter. Operating income was $28.3 million, compared with an operating loss of $9.1 million a year earlier.
The Advertising Technology & Services segment remained the growth engine. ATS net revenue increased 133% to $177.2 million, after 230% growth in the second quarter and 204% in the first. The company said the increase was driven by higher monthly active advertisers and higher revenue per monthly active advertiser, which it attributed to investments in the AI capabilities of its platform and increased sales capacity. ATS operating profit rose 261% to $35.2 million.
Media, which provides video, audio and digital marketing services to U.S. advertisers, including as the largest affiliate group of the Univision and UniMás television networks, posted a smaller swing. Media net revenue increased 10% to $49.1 million, after a 1% decline in the second quarter and a 4% increase in the first. The company said the third-quarter gain reflected higher broadcast advertising, primarily political, and higher retransmission fees, partially offset by lower spectrum usage rights revenue. Media operating profit was $0.1 million, versus an operating loss of $3.5 million a year earlier, after a $3.3 million loss in the second quarter and a $5.2 million loss in the first.
Consolidated segment operating profit increased 465% to $35.2 million. Corporate expenses rose 7% year over year, which the company said was primarily due to an increase in stock-based compensation. Restructuring costs were $0.4 million, down from $3.2 million a year earlier.
The company made a $5.0 million scheduled debt payment and paid a $4.6 million dividend in the quarter. Cash and cash equivalents and marketable securities were $89.7 million, and long-term debt plus current maturities of long-term debt were $152.3 million, as of September 30, 2026. The board approved a quarterly cash dividend of $0.05 a share on Class A and Class U common stock, payable December 31, 2026, to shareholders of record as of December 17, 2026.
More on EVC
ENTRAVISION COMMUNICATIONS CORP — all coverage and financials