Entravision Communications Corporation Q4 FY2025 earnings call

• Media: Invested in local sales capacity, added digital sales specialists and operations capabilities. Recognized opportunity to increase revenue by adding sales capacity and serve local advertisers in digital channels. Took steps to reduce operating expenses in non-revenue generating operations, with total operating expense in media segment 6% lower in 4Q25. Launched AltaVision in Oct 2025 and WAPA Orlando Channel 26 in Jan 2026. • ATS: Revenue more than doubled in 4Q25. Invested in engineering team for AI capabilities and sales organization. Acquired Playback Rewards technology. Operating profit increased significantly in 4Q25 and full year 2025. • Corporate: Reduced corporate expenses; 4Q25 corporate expenses down 13% y-o-y, full year 2025 down 28% y-o-y. Strong balance sheet with over $63 million in cash and marketable securities, reduced debt and paid dividends.

Media segment: In 4Q25, revenue was $45.8 million, a 32% decline compared to 4Q24. Excluding political revenue, local ad revenue was up 4% and national ad revenue was down 5%. Local operations had 3% lower monthly active advertisers but 8% increase in revenue per monthly active advertiser. Full year 2025 media revenue was $176.7 million, a 20% decline. ATS segment: 4Q25 revenue was $88.6 million, a 123% increase compared to 4Q24. Full year 2025 ATS revenue was $270.9 million, a 90% year-over-year increase. Media segment operating expense in 4Q25 was 6% lower than 4Q24, with an operating loss of $428,000 in 4Q25 vs $18.5 million operating profit in 4Q24. ATS segment operating profit was $12.3 million in 4Q25 vs $2 million in 4Q24. Consolidated: 4Q25 revenue was $134.4 million, a 26% increase; full year 2025 revenue was $447.6 million, a 23% increase. Consolidated operating loss in 4Q25 was $20.7 million vs $48.6 million in 4Q24, including a $26 million non-cash impairment charge.

• Political revenue outlook: Optimistic about 2026 political revenue as 243 days from Election Day 2026, well-positioned with 11 of 35 closest congressional races in markets, Texas U.S. Senate race, and governor's races in several states. Believes Latino vote is critical and can reach Latino audience via Spanish language media. • Affiliation agreement: Affiliation agreement with Televisa Univision runs through Dec 31, 26, plan is to renew. • Dividend: Board approved $0.05 dividend per share for first quarter of 2026, payable on March 31st.

Q: What's the outlook for political revenue in 2026?

A: As of today, 243 days from Election Day 2026. Well positioned with 11 of the 35 closest congressional races in our markets, Texas U.S. Senate race, and governor's races in several states. Believe Latino vote is critical to election outcomes and we have a powerful channel to reach Latino audience via Spanish language media.

Q: Status of renewing the affiliation agreement with TU?

A: The affiliation agreement with Televisa Univision runs through December 31, 26. Our plan is to renew this agreement, but no further updates provided at this point