EVC Earnings Prediction
The chart below shows how EVC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, EVC sees a -0.84% change in stock price 10 days leading up to the earnings, and a -4.43% change 10 days following the report. On the earnings day itself, the stock moves by +0.66%. This data can give you a slight idea of what to expect for the next quarter's release.
EVC Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
97.16M
-64.60%
17.55%
Gross Margin
31.76%
142.63%
19.09%
Operating Margin
7.01%
2820.83%
-285.45%
Net Margin
-11.16%
-1216.00%
-346.90%
EPS
-0.13
-533.33%
-62.86%
No Data Available
EVC Earnings Analysis
Entravision Communication Corporation (EVC.N) Earnings Conference Call
Positive
Political Advertising Surge: 1. Revenue Growth: Consolidated revenue for Q3 2024 was $97.2 million, representing a 25% increase compared to Q3 2023, driven primarily by political advertising revenue.
Media Segment Revenue Growth: 2. Media Segment Performance: Revenue from the Media segment reached $59.8 million, up 23% year-over-year, with an operating profit of $11.7 million, reflecting a 19% increase from the previous year.
Advertising Technology Revenue Surge: 3. Advertising Technology Growth: The Advertising, Technology and Services segment reported revenue of $37.4 million, a 30% increase compared to Q3 2023, with improved operating margins rising to 5% from 3% year-over-year.
Expense Reduction Strategy: 4. Cost Management: Corporate expenses decreased by 48% to $6.9 million compared to Q3 2023, primarily due to reduced personnel and related compensation expenses.
Dividends Distribution Overview: 5. Dividends Paid: Entravision paid $4.5 million in dividends during Q3 2024, representing 41% of net cash provided by operating activities, with a total of $13.5 million paid year-to-date.
Negative
Net Loss Decline: 1. Net Loss: The company reported a net loss attributable to common stockholders of $12 million in Q3 2024, a significant decline from a net income of $2.7 million in Q3 2023.
Free Cash Flow Decline: 2. Decreased Free Cash Flow: Free cash flow decreased to $9.3 million in Q3 2024, down from $17 million in Q3 2023, primarily due to the absence of cash flow from the sold EGP global sales rep business.
Political Revenue Shortfall: 3. Decline in Political Revenue Expectations: Although political revenue for 2024 is expected to be higher than the previous high in 2022, it will not meet the company's most ambitious expectations due to lower-than-anticipated spending in key races.
Expense Reduction Challenges: 4. Reduced Corporate Expenses: While corporate expenses decreased by 48% to $6.9 million, this was largely due to significant personnel reductions, indicating potential challenges in maintaining operational capacity.
Reduced Capital Expenditures: 5. Lower Capital Expenditures: Cash capital expenditures were $1.6 million in Q3 2024, representing only 14% of net cash provided by operating activities, down from 23% in the prior year, reflecting a reduction in investment activities.
EVC FAQs
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EVC Earning Call Sentiment
Entravision Communications Corporation (EVC) Q3 2024 Earnings Call Transcript
EVC.N
3.26%Positive
Strong revenue growth in both media and advertising segments, coupled with strategic investments and cost reductions, indicate positive momentum. Despite the net loss, optimistic revenue expectations and consistent dividends support a positive outlook. The absence of unclear management responses in the Q&A further strengthens confidence.
