Movers and SHAKERS
Entravision Communications (EVC)
A Fast Pace Move To A Global Digital Company
Entravision Communications Corporation is a diversified Spanish-language media company utilizing a combination of television and radio operations to reach Hispanic consumers across the United States, as well as the border markets of Mexico. Entravision owns and/or operates 53 primary television stations and is the largest affiliate group of both the top-ranked Univision television network and Univision's TeleFutura network, with television stations in 20 of the nation's top 50 Hispanic markets. The Company also operates one of the nation's largest groups of primarily Spanish-language radio stations, consisting of 48 owned and operated radio stations.
Michael Kupinski, Director of Research, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Q3 exceeds expectations. The company had an impressive quarter with revenue growth of 216%. While revenues were in line with expectations at $199.0 million, adj. EBITDA beat our estimate, $23.2 million versus our estimate of $20.2 million.
Digital on fire. Digital revenues increased nearly 10 fold from the year earlier quarter. Separately, the company made a small acquisition of 365 Digital, a South African based Digital Marketing Services company, for roughly $1.8 million. We believe that 365 is a developmental company, but with a strong marketing platform representing TikTok and is expected to expand into several African countries ...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.