Quarterly ResultMay 5, 2026, 04:18 PM
Entravision Q1 Net Income $12.36M; Revenue $197.0M (+114%)
AI Summary
Entravision Communications Corp. reported a significant turnaround in its first quarter 2026 financial results, moving from a net loss to a net income. The company posted net income of $12.36 million, or $0.13 per diluted share, compared to a net loss of $47.97 million, or $(0.53) per diluted share, in the prior year. This improvement was largely driven by a 114% increase in net revenue to $196.97 million and the absence of large impairment and lease abandonment charges incurred in Q1 2025. The company also incurred $1.0 million in restructuring costs during the quarter.
Key Highlights
- Net income attributable to common stockholders was $12.36M, a significant turnaround from a $47.97M loss YoY.
- Net revenue increased 114% to $196.97M from $91.85M YoY.
- Basic and diluted EPS was $0.13, compared to $(0.53) in the prior year.
- Operating income reached $20.69M, up from a $52.77M operating loss YoY.
- Cash and cash equivalents rose to $68.17M as of March 31, 2026, from $59.44M.
- Restructuring costs of $0.98M were incurred for the three-month period.
- Declared cash dividends of $0.05 per common share, consistent with prior year.