Entravision Q1 net loss $51.7M; Meta to end ASP program by July 1

ENTRAVISION COMMUNICATIONS CORP

2024-Q1 EPS reported -$0.55 revenue$277,445,000

Net revenue $277.4M (+16% YoY); net loss $51.7M vs $1.7M income in Q1 2023; diluted EPS -$0.55.
Meta notified on March 4, 2024 it will wind down its author sales partner program globally, ending by July 1, 2024.
Consolidated EBITDA fell 65% to $4.5M; free cash flow -$2.8M.
Board declared $0.05/share quarterly dividend, payable June 28, 2024 to holders of record June 14.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ENTRAVISION COMMUNICATIONS CORP reported the three-month period ended March 31, 2024 results: revenue $ 277,445, net income $ (51,669 ), EPS $ (0.55 ).

Period: the three-month period ended March 31, 2024
Revenue: $ 277,445
Net income: $ (51,669 )
EPS: $ (0.55 )
Result: reported results

Exact text from the filing

Three-Month Period Ended March 31, 2024 2023 % Change Net revenue $ 277,445 $ 239,006 16 %

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ENTRAVISION COMMUNICATIONS CORP filing history →

Source: SEC EDGAR

accession 0000950170-24-052067

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