Entravision Communications Corporation Q1 FY2026 earnings call

• CEO Michael Christenson mentioned Media segment invested in increasing local sales capacity and digital sales operations capabilities. ATS segment invested in engineering team, sales and customer service capacity. • CFO Mark A. Boelke discussed Media segment's revenue, operating expenses, and ongoing organizational design plan. ATS segment's revenue growth, operating expenses related to revenue increase, and operating profit growth. • New leadership team announced in March, aligned on core objectives of serving audience and advertisers.

Media segment: Q1 2026 revenue was $42.4 million, up 4% compared to Q1 2025. Increase due to higher digital advertising revenue and retransmission fees, partially offset by lower broadcast advertising revenue and spectrum usage rights revenue. Local advertising revenue up 6%, national advertising revenue down 18%. Operating expenses increased $2.1 million, resulting in an operating loss of $5.2 million in Q1 2026 vs. $2.6 million in Q1 2025. ATS segment: Q1 2026 revenue was $154.6 million, up 204% compared to Q1 2025. Operating expenses increased $9.8 million, operating profit was $34.3 million in Q1 2026.

• Board of Directors approved $0.05 dividend per share payable on June 30, 2026. • Michael Christenson mentioned positioning for strong political spending environment in 2026, focusing on big races in markets like governor races in Nevada and Texas, Texas U.S. Senate race, and critical contested House races.

Q: Regarding the outlook for political revenue in 2026.

A: Yes. Next quarter will put political comments in prepared remarks. 182 days away from Election Day 2026, positioning for strong political spending environment with big races in markets like governor races in Nevada and Texas, Texas U.S. Senate race, and critical contested House races.

Q: Status of negotiations with TU and the affiliation agreement.

A: No new news on the affiliation agreement for this call. Agreement runs through December 31, 2026, plan to renew but no news at this time