The following is a summary of the Entravision Communications Corporation (EVC) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Q3 revenue for Entravision was $97.2 million, a 25% increase from the same quarter in 2023.

• Net loss in Q3 was $12 million compared to a net income of $2.7 million in Q3 2023, largely due to a tax loss incurred.

• Media segment revenue was up 23% at $59.8 million, driven by political advertising.

• Advertising Technology and Services segment revenue increased 30% to $37.4 million.

Business Progress:

• Entravision has reorganized its operations and split into two segments: Media and Advertising, Technology and Services.

• Significant investments were made in expanding news operations and political sales within the Media segment.

• The company continues to enhance and grow its advertising technology platforms, Smadex and Adwake.

Opportunities:

• Political revenue growth is expected, with Entravision successfully increasing the share of TV spend in Spanish language media.

• Entravision's restructuring into two operating segments may better align operations with market demands, potentially improving efficiency and profitability.

Risks:

• The net loss this quarter suggests a vulnerability to tax-related impacts and potentially other undisclosed operational risks.

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