Company: EVC
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001193125-25-264694
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Company: ENTRAVISION COMMUNICATIONS CORP
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 2
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Overview 

We own and operate one of the largest groups of Spanish language television and radio stations in the United States. Our mission is to serve our Latino audience as a trusted provider of useful news, information and entertainment and to serve our advertisers by providing multi-channel marketing capabilities to engage our audience. We also own and operate a smaller group of television stations that broadcast English language programming. In addition, we have operations that provide programmatic advertising technology and services. 

We have organized our operations into two reportable segments. Our media segment includes our television, radio and digital marketing operations. Our advertising technology & services segment provides programmatic advertising and technology services through Smadex, our demand-side programmatic advertising purchasing platform, and Adwake, our performance-based media advertising agency.

In 2024, we discontinued and divested a significant portion of our operations, which consisted primarily of several acquisitions that had been completed prior to 2024, and which operations comprised the majority of our former digital segment.   

Our net revenue for the three-months period ended September 30, 2025 was $120.6 million. Of this amount, revenue generated by our media segment accounted for approximately 37%, and revenue generated by our advertising technology & services segment accounted for approximately 63% of total revenue.

Highlights 

During the third quarter of 2025, our revenue grew by double digits, driven primarily by revenue growth of 104% in our advertising technology & services segment, partially offset by a decrease in revenue in our media segment compared to the comparable period of 2024. In addition, during the third quarter of 2025:

•we amended our 2023 Credit Agreement to provide more financial flexibility and accelerate debt reduction.

•we continued to reduce our debt by making a scheduled amortization payment of $5 million under our Credit Facility. 

•management began to implement an ongoing organization design plan (the "Plan") to support revenue growth and reduce expenses, primarily in our media operations. As management continues to implement the Plan, and evaluate its early results, further changes may be made if management believes that is appropriate. For more details see Note 2 to Notes to Condensed Consolidated Financial Statements.    

Relationship with TelevisaUnivision 

Our network affiliation agreement with TelevisaUnivision provides certain of our owned stations the exclusive right to broadcast TelevisaUnivision’s primary Univision network and UniMás network programming in their respective markets. We also generate revenue under a marketing and sales agreement with TelevisaUnivision, which gives