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Entravision Communications Corporation (EVC) - A Chocolate Covered Quarter With Sprinkles

Friday, August 06, 2021

Entravision Communications Corporation (EVC)
A Chocolate Covered Quarter With Sprinkles

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.

    Q2 results exceed expectations. Total company revenues of $178.4 million was 9% above our $163.1 million estimate, driven by exceptional 1,045% growth in Digital revenues and a solid 108% revenue growth in its Audio (Radio) businesses. Even its TV had a solid revenue performance, up 26%. Adj. EBITDA exceeded expectations $17.8 million versus our $16.1 million estimate.

    Solidly, a digital media company.  Combined with recent acquisitions, Digital represents 73% of total company revenues. The recent acquisition of MediaDonuts is expected to augment the strong growth of its acquired Cisneros Interactive business ...

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. 

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