$EVC reports positive Q4 and FY22 financials, announces quarterly dividend
Mar 9th 2023, 9:07 pm
Analyst Summary: Entravision Communications, a global advertising solutions, media and technology company, announced its financial results for the fourth quarter and full year 2022 ended December 31, 2022. The company’s results were positive, with net revenue of $377.9 million, up 8% from the prior year period. Digital continued to be the largest revenue segment, with a net revenue increase of 17% from the prior year period. Despite the loss of the company’s CEO and founder, Walter Ulloa, Entravision’s interim Chief Executive Officer and Chief Financial Officer, Chris Young, expressed confidence in the resilience of the business and the successful execution of their strategic plan. Entravision also announced a quarterly dividend of $0.025 per share, which returns the dividend to its pre-pandemic level. The company’s future cash dividends will be subject to approval by the Board. The full financial report, including segmented results and reconciliations, is available on the investor relations portion of Entravision’s website. Forward-looking statements have been provided in this press release.