olivLaw · US equity research
Entravision Communications Corporation EVC
Television Broadcasting Stations · SIC 4833 · Vertical: Television Broadcasting Stations (SIC 4833)
Entravision is a media and advertising technology company that owns and operates one of the largest groups of Spanish-language television and radio stations in the United States, serving the Latino audience. Fiscal 2025 was shaped by growth in the ATS segment, which now brings most of the revenue, while the media business faces pressure. ATS reached 80% of revenue in the second quarter of 2026.
At the close of 04 Nov 2026, Entravision Communications Corporation (EVC) stock was 7.28 USD (+5.20% on the day), with P/E 710.6 on diluted EPS of 0.01 USD over the last 12 months, dividend yield 2.75%, beta 1.01, 52-week range 2.57–13.48 USD. Latest reported quarter (Q2 2026): revenue of 227.9 m USD (+126.2% YoY), net income of 19.7 m USD, diluted EPS 0.19 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 60.5
- strong (55–70)
- Bollinger (20, 2)
- 5.86 – 7.03
- above the upper band · %B 1.21 · band width 18.2%
- SMA 50 / 200
- 7.29 / 6.82
- mixed trend
- MACD (12, 26, 9)
- -0.19 / -0.35
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +2.2% | −1.1% | +3.3 pp | — |
| 3 months | −37.2% | −0.5% | −36.8 pp | — |
| 6 months | −5.3% | +4.4% | −9.7 pp | — |
| Year to date | +148.5% | +12.3% | +136.1 pp | — |
| 1 year | +267.7% | +13.5% | +254.1 pp | −3.7% |
| 3 years | +77.1% | +76.4% | +0.7 pp | +3.5% |
| 5 years | −18.8% | +63.7% | −82.5 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 97.2 m | 107.0 m | 91.9 m | 100.7 m | 120.6 m | 134.4 m | 197.0 m | 227.9 m |
| Cost of revenue | 26.8 m | 28.3 m | 33.5 m | 38.0 m | 51.0 m | 61.6 m | 102.0 m | 117.9 m |
| SG&A | 17.1 m | 17.1 m | 15.5 m | 16.5 m | 19.0 m | 15.8 m | 18.1 m | 19.0 m |
| Operating income | 7.6 m | -48.6 m | -52.8 m | -848.0 k | -9.1 m | -20.7 m | 20.7 m | 30.0 m |
| Depreciation & amortisation | 3.9 m | 3.8 m | 3.5 m | 3.0 m | 3.1 m | 2.7 m | 3.0 m | 3.6 m |
| Interest expense | 4.1 m | 3.8 m | 3.7 m | 4.0 m | 3.8 m | 3.6 m | 3.3 m | 3.1 m |
| Pre-tax income | 4.1 m | -51.7 m | -55.8 m | -4.3 m | -12.5 m | -23.8 m | 17.8 m | 27.4 m |
| Income tax | 15.0 m | 3.9 m | -8.1 m | -800.0 k | -2.8 m | -6.3 m | 5.4 m | 7.8 m |
| Net income | -12.0 m | -56.4 m | -48.0 m | -3.3 m | -9.7 m | -18.2 m | 12.4 m | 19.7 m |
| Diluted EPS | -0.13 | -0.62 ≈ | -0.53 | -0.04 | -0.11 | -0.20 ≈ | 0.13 | 0.19 |
| Operating cash flow | 10.9 m ≈ | 12.8 m | -15.2 m | 7.8 m ≈ | 8.3 m ≈ | 9.8 m | 21.8 m | 23.8 m ≈ |
| Capex | 1.6 m ≈ | 2.2 m | 2.6 m | 2.2 m ≈ | 1.2 m ≈ | 1.1 m | 3.6 m | 3.3 m ≈ |
| Dividends paid | 4.5 m ≈ | 4.5 m | 4.5 m | 4.5 m ≈ | 4.5 m ≈ | 4.6 m | 4.6 m | 4.6 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 95 percentile of its own 22-quarter history (min 2.5, median 21.1, max 1,272.9; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | ⚠ 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 297.8 m | 273.6 m | 344.0 m | 760.2 m | 324.0 m | 297.0 m | 364.9 m | 447.6 m |
| Revenue YoY | −44.4% | −8.1% | +25.8% | +121.0% | — | −8.3% | +22.9% | +22.6% |
| Net income | 12.2 m | -19.7 m | -1.4 m | 35.2 m | 18.1 m | -15.4 m | -148.9 m | -79.2 m |
| Net income YoY | −93.1% | −262.1% | unavailable | unavailable | — | −185.2% | unavailable | unavailable |
| Diluted EPS | 0.13 | -0.23 | -0.05 | 0.33 | 0.21 | -0.18 | -1.66 | -0.87 |
| Diluted EPS YoY | −93.2% | −276.9% | unavailable | unavailable | — | −185.7% | unavailable | unavailable |
| net % | 4.1% | -7.2% | -0.4% | 4.6% | 5.6% | -5.2% | -40.8% | -17.7% |
| Free cash flow | 16.8 m | 6.3 m | 54.4 m | 59.4 m | 67.4 m | 47.9 m | 66.2 m | 3.5 m |
The series breaks before 2022: earlier years come from the original reports of the issuer of that time, later years from a subsequent filing that restated the perimeter (a separation, discontinued operations). The year-on-year change across the break is not shown.
Reported results vs expectations
Loading…
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 59.4 m USD
- Financial debt
- 167.1 m USD
- Net debt
- 107.7 m USD
- Equity
- 55.4 m USD
- Total assets
- 387.5 m USD
- Debt / equity
- 3.01x
- Current ratio
- 1.51x
- ROE
- -78.6%
- ROA
- -18.1%
- FCF margin
- 0.8%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 344.0 m | 760.2 m | 324.0 m | 297.0 m | 364.9 m | 447.6 m | SEC (XBRL)· 05 Mar 2026verified |
| Cost of revenue | 106.9 m | 466.5 m | 70.6 m | 77.2 m | 102.2 m | 184.1 m | SEC (XBRL)· 05 Mar 2026verified |
| Gross profit | 237.1 m ≈ | 293.7 m ≈ | 253.4 m ≈ | 219.8 m ≈ | 262.8 m ≈ | 263.5 m ≈ | SEC (XBRL)· 05 Mar 2026derived |
| SG&A | 48.4 m | 56.6 m | 47.0 m | 49.8 m | 62.9 m | 66.8 m | SEC (XBRL)· 05 Mar 2026verified |
| Operating income | 6.6 m | 60.5 m | 30.6 m | -26.5 m | -52.0 m | -83.4 m | SEC (XBRL)· 05 Mar 2026verified |
| Depreciation & amortisation | 17.3 m | 22.4 m | 15.6 m | 16.4 m | 16.8 m | 12.3 m | SEC (XBRL)· 05 Mar 2026verified |
| EBITDA | 23.9 m ≈ | 82.9 m ≈ | 46.2 m ≈ | -10.1 m ≈ | -35.2 m ≈ | -71.0 m ≈ | SEC (XBRL)· 05 Mar 2026derived |
| Interest expense | 8.3 m | 7.0 m | 10.5 m | 16.8 m | 16.5 m | 15.1 m | SEC (XBRL)· 05 Mar 2026verified |
| Pre-tax income | 119.0 k | 53.9 m | 22.3 m | -41.5 m | -66.2 m | -96.4 m | SEC (XBRL)· 05 Mar 2026verified |
| Income tax | 1.5 m | 18.7 m | 8.9 m | -8.4 m | 4.1 m | -18.0 m | SEC (XBRL)· 05 Mar 2026verified |
| Net income | -1.4 m | 35.2 m | 18.1 m | -15.4 m | -148.9 m | -79.2 m | SEC (XBRL)· 05 Mar 2026verified |
| Diluted EPS | -0.05 | 0.33 | 0.21 | -0.18 | -1.66 | -0.87 | SEC (XBRL)· 05 Mar 2026verified |
| Weighted average diluted shares | 84.2 m | 87.9 m | 87.8 m | 87.9 m | 89.9 m | 91.0 m | SEC (XBRL)· 05 Mar 2026verified |
| Dividend per share | 0.13 | 0.10 | 0.10 | 0.20 | 0.20 | 0.20 | SEC (XBRL)· 05 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Revenue − Cost of revenue; Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 119.2 m | 185.1 m | 80.3 m | 67.4 m | 95.9 m | 59.4 m | SEC (XBRL)· 05 Mar 2026verified |
| Receivables | 142.0 m | 201.7 m | 224.7 m | 70.1 m | 68.3 m | 94.9 m | SEC (XBRL)· 05 Mar 2026verified |
| Current assets | 310.1 m | 408.5 m | 407.9 m | 385.9 m | 186.3 m | 183.5 m | SEC (XBRL)· 05 Mar 2026verified |
| Property, plant & equipment, net | 72.0 m | 62.5 m | 61.4 m | 66.9 m | 60.6 m | 44.8 m | SEC (XBRL)· 05 Mar 2026verified |
| Goodwill | 58.0 m | 71.7 m | 47.2 m | 50.7 m | 7.4 m | 7.4 m | SEC (XBRL)· 05 Mar 2026verified |
| Intangibles (excl. goodwill) | 266.1 m | 273.1 m | 269.3 m | 202.3 m | 181.7 m | 125.9 m | SEC (XBRL)· 05 Mar 2026verified |
| Total assets | 747.3 m | 851.3 m | 880.8 m | 865.9 m | 487.3 m | 387.5 m | SEC (XBRL)· 05 Mar 2026verified |
| Accounts payable | 49.7 m | 58.8 m | 75.2 m | 8.9 m | 16.2 m | 20.0 m | SEC (XBRL)· 05 Mar 2026verified |
| Short-term debt | 3.0 m | 4.9 m | 5.3 m | 8.8 m | — | 20.0 m | SEC (XBRL)· 05 Mar 2026verified |
| Long-term debt | 210.5 m | 207.4 m | 207.3 m | 197.9 m | 187.0 m | 147.1 m | SEC (XBRL)· 05 Mar 2026verified |
| Current liabilities | 137.1 m | 224.9 m | 248.2 m | 272.1 m | 61.6 m | 121.5 m | SEC (XBRL)· 05 Mar 2026verified |
| Total liabilities | 438.1 m | 594.4 m | 595.5 m | 599.7 m | 341.3 m | 332.1 m | SEC (XBRL)· 05 Mar 2026verified |
| Equity | 276.0 m | 256.9 m | 285.4 m | 222.5 m | 146.0 m | 55.4 m | SEC (XBRL)· 05 Mar 2026verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 63.4 m | 65.3 m | 78.9 m | 75.2 m | 74.7 m | 10.6 m | SEC (XBRL)· 05 Mar 2026verified |
| Capex | 9.1 m | 5.8 m | 11.5 m | 27.3 m | 8.5 m | 7.1 m | SEC (XBRL)· 05 Mar 2026verified |
| Free cash flow | 54.4 m ≈ | 59.4 m ≈ | 67.4 m ≈ | 47.9 m ≈ | 66.2 m ≈ | 3.5 m ≈ | SEC (XBRL)· 05 Mar 2026derived |
| Investing cash flow | 38.1 m | 17.3 m | -60.5 m | -16.0 m | -26.8 m | -6.1 m | SEC (XBRL)· 05 Mar 2026verified |
| Financing cash flow | -15.5 m | -16.6 m | -92.8 m | -64.2 m | -57.7 m | -41.0 m | SEC (XBRL)· 05 Mar 2026verified |
| Dividends paid | 10.5 m | 8.5 m | 8.5 m | 17.6 m | 18.0 m | 18.2 m | SEC (XBRL)· 05 Mar 2026verified |
| Share repurchases | 525.0 k | — | 11.3 m | 0 | — | — | SEC (XBRL)· 14 Mar 2024verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 55 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: unavailable
Key indicators
Coverage and freshness
Score by group
- Valuation0
- Returns100
- Quality68
- Balance sheet41
- Growth95
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 0.12 – 3.53 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · input data missing
- Peers: P/E0.12 – 0.24 (Mid 0.13)3 companies used · median multiple 13.0x · quartiles 11.6x – 23.5xFOX, NXST, SBGI
- Dividend discount (DDM)2.63 – 3.53 (Mid 3.01)
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Neutral profile · Score 55/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 6.4% | 67 (vs peers) | 16% |
| Net margin · Quality | 0.6% | 40 (vs peers) | 9% |
| FCF conversion · Quality | 1,299.1% | 100 (on a fixed band) | 9% |
| Revenue CAGR 3Y · Growth | 11.4% | 95 (on a fixed band) | 13% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | 2.3x | 60 (vs peers) | 16% |
| Interest coverage · Balance sheet | 1.5x | 0 (on a fixed band) | 9% |
| Current ratio · Balance sheet | 1.5x | 57 (on a fixed band) | 6% |
| P/E (TTM) · Valuation | 710.6x | 0 (on a fixed band) | 16% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | 33.7% | 100 (on a fixed band) | 6% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet41/100 · 3/3 factors with a value
- Growth· partial95/100 · 1/2 factors with a value
- Quality68/100 · 3/3 factors with a value
- Returns· partial100/100 · 1/2 factors with a value
- Valuation· partial0/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
ENTRAVISION COMMUNICATIONS CORPORATION (EVC). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 447.6 m USD in 2025; YoY growth 22.6%; net margin 0.6%; ROE 4.8%; net debt/EBITDA 2.3x.
The estimated value range is 1.37–1.89 USD per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 1.57 USD, the price of 7.28 USD leaves a potential of -78.4% (value / price − 1) and a margin of safety of -362.5% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 55/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: growth, returns, valuation. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- FCF conversion: 1,299.1%
- Revenue CAGR 3Y: 11.4%
- Payout ratio (FCF): 33.7%
What contradicts it
- Interest coverage: 1.5x
- P/E (TTM): 710.6x
- The price is above the estimated value range
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): EPS CAGR 3Y, EV/EBITDA, FCF yield, Shareholder yield (distributions).
Versus the vertical median
Television Broadcasting Stations (SIC 4833) · same industry (4-digit SIC) · compared with 11 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| PSKYSkydance Corp | 10.5 bn | — | — | — | −1.5% | unavailable / unavailable |
| NXSTNexstar Media Group, Inc. | 5.7 bn | 34.0 | 8.3% | 3.2% | −8.5% | −4% / +30% |
| FOXFox Corporation | 62 | 13.0 | 16.8% | 11.6% | +5.1% | +6% / +123% |
| SBGISinclair, Inc. | — | 10.2 | 25.4% | 2.8% | −10.7% | −11% / +12% |
| SSPThe E.w. Scripps Company | — | — | -174.7% | -58.0% | −14.3% | −9% / −45% |
| NMAXNewsmax Inc. | — | — | -5.8% | -3.2% | +10.7% | −2% / unavailable |
| FWONALiberty Media Corporation | — | — | 5.4% | 9.4% | +22.7% | +4% / +59% |
| GTNGray Media, Inc. | — | — | -1.2% | -0.8% | −15.1% | +1% / −36% |
| TVGrupo Televisa, S.A.B. | — | — | -7.5% | -13.3% | −6.0% | −15% / −29% |
| FENGPhoenix New Media Limited | — | — | 15.4% | 30.2% | −15.8% | −34% / −5% |
| EVCEntravision Communications Corporation | — | 710.6 | 4.8% | 0.6% | +22.6% | +268% / +77% |
| VSNTVersant Media Group, Inc. | — | — | 9.0% | 11.1% | −5.3% | unavailable / unavailable |
1- and 3-year price returns: for EVC from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Scenarios are not available. input data missing
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Entravision is a media and advertising technology company that owns and operates one of the largest groups of Spanish-language television and radio stations in the United States, serving the Latino audience 1. Fiscal 2025 was shaped by growth in the ATS segment, which now brings most of the revenue, while the media business faces pressure 12. ATS reached 80% of revenue in the second quarter of 2026 2.
SWOT
Strengths
- Leading position in the Univision and UniMás affiliate group, with strong local coverage in markets with large Latino populations 1.
- Rapid growth of the ATS segment, which has increased revenue and the number of active advertisers 23.
- Diversified service portfolio, from television and radio to digital, audio and programmatic advertising 1.
Weaknesses
Opportunities
- Expanding owned networks such as Altavision and WAPA Orlando could create revenue independent of network affiliations 1.
- Using spectrum for additional channels and FAST or cable distribution could monetise capacity further 1.
- Growing Latino voter influence could attract more political budgets in election cycles 1.
Threats
Risks
- Renewal of TelevisaUnivision contractshigh
The affiliation, proxy and sales agreements expire at the end of 2026, and the company cannot guarantee they will be renewed on favourable terms 12.
- Dependence on a large ATS customerhigh
The recent ATS growth depends partly on one major customer in Asia, whose activity could vary 2.
- Declining media audiencesmedium
Television and radio audiences are falling, and advertising revenue depends on ratings, which could reduce advertising rates 1.
- Retransmission revenuemedium
Retransmission fees could decline if subscribers leave traditional distributors, and concentration in the MVPD industry may reduce payments 1.
- Debt and fixed costslow
Operating expenses are largely fixed, so weaker sales could narrow margins, and the debt requires regular repayments 13.
Investment thesis
What would need to be true (bull case)
- The growth of the ATS segment, based on AI investment and an expanded sales force, could support a real diversification of revenue 23.
- The leading position in the Univision and UniMás networks and coverage of dense Latino markets give a local advantage that is hard to replicate 1.
- If political and digital advertising grow together, media revenue could return to a steadier level 13.
What would break the thesis
- If negotiations with TelevisaUnivision fail, a significant part of the media business could be seriously affected 12.
- ATS growth depends on a few large customers and on programmatic market conditions that can change quickly 2.
- Declining traditional audiences and pressure on fixed costs could keep media margins under strain 13.
What to watch
- Status of the renewal of TelevisaUnivision contracts2026
- ATS revenue trend and dependence on the large Asian customerQ3 2026
- Media segment results after restructuring and the WAPA Orlando launchnext 10-K
- Debt trend and scheduled repayments2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Entravision has two reportable segments: media, which includes its television and radio stations and digital marketing services for Latino audiences, and ATS (Advertising Technology & Services), which provides programmatic technology through the Smadex and Adwake brands 1. In fiscal 2025 net revenue was 447.6 million dollars, of which the media segment accounted for approximately 39% and ATS for 61% 1. The company is the largest affiliate group of the Univision and UniMás networks, and its relationship with TelevisaUnivision, which also owns about 10% of common stock, is central to the media business 12.
The media business relies on its TelevisaUnivision affiliation, retransmission fees, local advertising sales and local news, which was expanded in 2024 and 2025 1. The launch of WAPA Orlando and the Altavision network in 2026 reflects a strategy of using spectrum capacity to create independent inventory 1. The ATS segment is building its own AI-driven platforms to automate media buying, serving mainly mobile app developers 12.
In the second quarter of 2026 the company reported net revenue of 227.9 million dollars, more than double the prior year, driven mainly by ATS, while media remained roughly flat 23. The affiliation, proxy and sales agreements with TelevisaUnivision expire on December 31, 2026, making their renewal a central point of the outlook 12.
Segments
Media
The media segment includes 47 television stations and 44 radio stations, concentrated in 13 of the 20 highest-density Latino markets in the United States 1. In the second quarter of 2026 media revenue fell 1%, as lower broadcast advertising and spectrum usage revenue were partly offset by digital advertising and retransmission fees 3.
ATS (Advertising Technology & Services)
The ATS segment includes the Smadex programmatic demand-side platform, which uses AI to automate media buying, and the Adwake performance marketing agency 1. Revenue rose 230% in the second quarter of 2026, helped by a large customer in Asia and a higher number of monthly active advertisers 23. The segment generated 80% of revenue in the same quarter 2.
Market context
The target market is the Latino audience in the United States, which counts 68 million people and accounted for 56% of total U.S. population growth between 2010 and 2024, according to data cited by the company 1. The U.S. Latino GDP reached 4.0 trillion dollars in 2023 and is growing faster than the non-Latino economy 1. Local digital advertising is a large market, representing about 70% of all local ad spending 1.
Traditional advertising, especially television, faces declining audiences and budgets, while programmatic and digital advertising keep growing 1. Election cycles bring extra political advertising revenue, and the company reported a record for this revenue in 2024 1. Growing Latino voter influence could support demand for Spanish-language media 1.
Trends
- Declining traditional television audiencesheadwind
Television and radio audiences are falling and advertising is moving toward digital and streaming, a trend the company expects to persist 1. If the decline continues, media revenue could remain under pressure.
- Growth of programmatic advertising and AItailwind
Automating media buying with AI supports growth in the ATS segment, which has added new customers and raised revenue per active advertiser 23.
- Political advertising cyclemixed
Political advertising revenue is cyclical and higher in election years, and the company anticipates continued strength in 2026 from competitive races in many of its markets 1.
- Restructuring of media operationsmixed
The organization design plan begun in 2025 aims to reduce costs and support revenue growth, mainly in media 12. Its longer-term effect remains to be confirmed.
Competitive position
In media, Entravision competes with other television and radio stations, digital platforms and other forms of content distribution that draw the same advertising 1. In ATS, competition comes from programmatic platforms and large media companies that sell their own inventory directly 1.
- Other Spanish-language broadcast groups
Compete for audiences and advertising among the same Latino audience, including through other network affiliations 1.
- Digital and streaming platforms
Draw audience attention and advertising budgets through online content, social media and streaming 1.
- Third-party programmatic platforms and DSPs
Offer services similar to the ATS segment, and some may prioritise their own demand, restricting the company's access 1.
- Media companies selling their own inventory
Compete directly with ATS by selling advertising space to advertisers themselves 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report21 Oct 2026Departure or appointment of officers · Regulation FD disclosure · Financial statements and exhibits
- Current report20 Oct 2026Departure or appointment of officers · Financial statements and exhibits
- Current report06 Oct 2026Material agreement · Financial statements and exhibits
- Quarterly report10 Aug 2026
- Current report10 Aug 2026Results of operations · Financial statements and exhibits
- Current report16 Jul 2026Other events
- Current report29 May 2026Departure or appointment of officers · Shareholder vote · Financial statements and exhibits
- Current report20 May 2026Termination of a material agreement · Financial statements and exhibits
- Quarterly report05 May 2026
- Current report05 May 2026Results of operations · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Entravision Communications Corporation · 05 Mar 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Entravision Communications Corporation · 10 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Entravision Communications Corporation · 10 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.