Company: EVC
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000950170-25-034661
Chunk: 148

Company: ENTRAVISION COMMUNICATIONS CORP
Filing Date: 2025-03-06
Form: 10-K
Item: Item 1
Chunk 148
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15 of the nation’s top 50 U.S. Latino markets. The Company owns and operate one of the largest groups of primarily Spanish-language radio stations in the United States. The Company provides digital marketing solutions in all of the U.S. markets where it has broadcast operations. The Company's advertising technology & services segment consists of programmatic ad services through Smadex, its demand side programmatic ad platform, and Adwake, its mobile growth solutions business. Segment operating profit (loss) is defined as operating profit (loss) before corporate expenses, change in fair value of contingent consideration, impairment charge, other operating (gain) loss, and foreign currency (gain) loss. The Company generated 25%, 27% and 24% and of its revenue from continuing operations outside the United States during the years ended December 31, 2024, 2023 and 2022, respectively (see Note 5).The accounting policies applied to determine the segment information are generally the same as those described in the summary of significant accounting policies (see Note 2). The Company evaluates the performance of its operating segments based on separate financial data for each operating segment as provided below (in thousands): 

F-39

        Year Ended December 31,

        % Change

        % Change

        2024

        2023

        2022

        2024 to 2023

        2023 to 2022

        Net Revenue

        Media
         
        $
        222,061

        $
        196,268

        $
        230,698

        13
        %

        (15
        )%

        Advertising Technology & Services

        142,887

        100,775

        93,292

        42
        %

        8
        %

        Consolidated

        364,948

        297,043

        323,990

        23
        %

        (8
        )%

        Cost of revenue

        Media

        16,726

        10,952

        10,580

        53
        %

        4
        %

        Advertising Technology & Services

        85,470

        66,262

        60,006

        29
        %

        10
        %

        Consolidated

        102,196

        77,214

        70,586

        32