secwatch.observer — SEC 8-K summary
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Issuer:     ENTRAVISION COMMUNICATIONS CORP (EVC)
CIK:        0001109116
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0000950170-24-052067
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1109116/000095017024052067/0000950170-24-052067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1109116/000095017024052067/evc-20240502.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-052067

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