Jamie. you, Thank
and Conference everyone Entravision’s Quarter Third Good welcome Earnings Call. XXXX afternoon to
on is Financial Joining President call the me today and Young and Jeffery Chris our Chief Officer. COO; our Liberman
actual must inform statements of SEC could filings to forward-looking subject results. cause Before we results are could and begin you this uncertainties differ. will that uncertainties conference and risks list our to for risks that that to actual a contain call that impact refer I Please
financial the form is Communications of Any The expressed today’s call include company strictly Entravision This SEC the property this with financial measures will Corporation. measures call comparable on is release. most consent press non-GAAP company’s filed redistribution X-K. has is of in of prohibited. measures. GAAP directly website provided their rebroadcast a available call written this Also non-GAAP the Entravision Corporation press Form retransmission without or Communications in these to release on The was on and reconciliation of any the
third impacted declines and our audio compared by business prior results adversely segments Our in digital to revenue the were quarter year.
television division in prior in remain period constant revenues despite the retransmission increases usage non-recurring revenues due political to rights spectrum did year from and our revenue. However, consent
balance million. the on $XXX the securities marketable continues Looking a approximately business to debt in our of beyond and cash $XXX sheet books environment general be million solid with total versus
at stock per average – $X.XX also approximately price we quarter also repurchased in back the were an share. with During active buying XXX,XXX shares we our of
dividend. shareholders our through capital quarterly also We return continue to to our
financial and to quarter. operating million EBITDA $X.X consolidated our expenses last performance, were compared decreased Revenues Now $XX.X third X% X% Consolidated million million in adjusted was year. down $XX.X the turning to to
were sales by due advertising third of the period. the lower revenues national $X.X million X% during Turning quarter was the revenue to year impacted in revenue to Television the quarter year. flat third primarily prior Television prior in political compared television down segment, to our during absence the
X% down revenue advertising were advertising compared period. the to national the was Retransmission local quarter while last was revenue during same political year. the X% in compared quarter Excluding third up up prior to year’s third revenues quarter X%
from initiatives totaled the quarter agreement total period in service a the television versus revenues political revenues $X.X rights were revenue telecom spectrum as a generated Revenue to or usage local during in X%. All prior million third in year from well excluding multicast. primarily spectrum operator million leasing $X.X up prior year the as related non-advertising the with
was our TV total XX% advertising largest down our revenue. segment approximately and Automotive category advertising television our X% of for represented
result in increase a in Tier X% growth X. X an X Tier was offset spending X were by Toyota Tier expenditures increased both saw Ford of by in that You Tier The declines and of
Hyundai Volkswagen Audi. and
were automotive grew Beyond services XX travel service third quick that X%; restaurants top and care during health X%; categories and were quarter which increased advertising XX%; generated leisure up the growth XX%. increased
Care Adjusters. XX added in new we in spending quarter than and brands the third quarter during International advertisers spent $XX,XXX Optics from approximately Floridian new the the Box, totaled Del Hut, third in McDonald’s. Jack Weston Taco Now While Pizza increased Notable revenue. Zuech $XXX,XXX who included advertising Overall more Chevy and Car which Council
upon July their XXXX. ratings marketing our leadership Univision in television performance, to Turning our built stations
head-to-head local ahead to television Telemundo in Univision XX where we stations of of early have in our competition. XX XX news XX markets their For competitors adults finished
our XX in newscasts to XX are or one ranked adults early among local markets. XX two competitors against number Additionally English-Spanish
X and one competitors markets. number ranked late in two Our English or Spanish local news against are
to Telemundo’s our cumulative of X X plus. audience a UniMs X plus have million Univision million During persons and a combined compared full persons week stations X.X
our in Telemundo than viewers more footprint. Univision XX% television have We
the XX markets in XX top XX During adults Among all XX XX show of of prime markets for big broadcast time regardless adults XX to least time for compared XX the networks ranked Univision ratings XX. The one of the XX in higher we XX July our TV to the among the top to language. award Premio XX in telecast among four Univision’s night XX at among adults and and respectively Juventud show of on among XX prime regardless and the of language. to comparing markets weekday our programs in XX among in stations XX all and was markets adults – had XX television when XX XX to
up our X% down down Turning were quarter prior the Local third to were to X% audio XX% were year. and revenues quarter. revenues the division, during in audio national compared the revenues
core decline key the radio our political revenues down X% that two to quarter. the in Excluding third division. were contributed were in areas There radio
and KSSD Nielsen a to usually on revenue. call be based The months we of national letters. to rules superstation along Based change a with in six first Angeles a along is one saw on audio Los form this agencies KSSE combined where can combined nine change prior purchasing to need format with into which With station. in to decline the set we KLYY national see results simulcast
in seen QX. pace continuing quarter On starting revenue XXXX a have positive in each of local and in basis QX we and improvement
to are a Jose station We radio a market. be that competitive Los announce continues to our station Angeles pleased highly top-ranking in
station September language language drive. ranked in Spanish For as the to radio language one Hispanic adults number three the the XX in ranked in morning Jose the adults XX. as number of Spanish to XX metro XX two Hispanic station afternoon and station among KLYY in prime during drive also radio Spanish month radio the number
radio success this we XXXX fourth the continued results in with With see cluster. to expect Angeles and improved our Los quarter
area to decline other radio that national sales The our contributed network. was our
released QX. nationwide network declines are lower year two times declines. Our These which ratings revenues a to led for saw
the and deliver will industry have to operated stations be that owned seen our spring an reflected release ratings with the summer. in along in stations affiliate increase Our in late will
Besides overall presented audio added in ratings the a advance the meetings number help New York we’ve our high-level We with agencies our the in portfolio XXXX fine Entravision top us recently the ratings increase strengthen audio at network our stations audio national to of lineup of of will season. also of series a that network network.
Gas the largest digital presentation of in our Immigrantes in It personalities by insurance X% coverage category over our quarter unique Our on came Electric from by the The year increase value third category audio. Matian focused and spending in AudioEngage. and and spending saw Service period. the Firm Freeway technology proposition an increase for is advertising Pacific top services was increased improving via that prior syndicated only Law audio our
advertisers categories the included other quarter Law who audio more Firm, during brands All third business DCH of the third Torrance Khorshidi The XX and spent advertising added Toyota our Overall totaled Primero. new than quarter JLF of which new approximately Firm, in $XXX,XXX $XX,XXX were down. America. revenue.Notable in Bank
division Hispanic XX for ratings among Hispanic audio stations is our radio summer Chokolata summer markets in including for among language adults Erazno markets show our in number La at adults one Spanish among XXXX ties; to and ranked six XX released y performance to six one XX. Looking XX five of number
Show Hispanics Genio and Lucas and reached the Chokolata and Erazno on de y including XX. and O&O will La drive XXX,XXX network Across La our and midday show our stations Los than more Piolin El El morning show Suavecita on to XX Angeles Other seven anchor Jose spots shows Riverside. high-profile
released XX six show XX show summer markets adults and language five and to Spanish – a Spanish XX. number Piolin midday ranked of adults XX ties. For in in of markets to including XX XXXX as Lucas XX adults the one among Hispanic language XX Genio adults our our to El XX two Hispanic to number or Hispanic one El out was six And among Genio among five stations of Hispanic
our to Now let’s move business. digital over
solutions mind generating more transparency that the million basis has Smadex third over in market a $X.X looking decrease consistently digital and represents For our programmatic same the customers evolving due monthly to as revenues been on is currently $XX.X quarters. control. versus is million which of mostly year.The shift and the of XX% programmatic last performance trend we a for period were last developing to decrease demand are are quarter which With few
continue growth for double-digit unit. see expect to this We to
also increase versus Other XX% experienced with the during XX% by last units increase double-digit growth quarter digital business programmatic audio quarter an unit third and over quarter. followed our with led our a by last units video
programmatic of our overarching of Number digital growth with one for Our key is reach. solutions platform demand products also and inventory center strengthening double-digit Smadex scale the integrated side are strategic we and where our our comprises strategy marketing front both through four components.
season a key We’ve such Mexico Lat put to while national United untapped expansion of Stabilizing States – our in line performance foster markets. and markets experience solutions we overseen U.S. in put place in three sales. and growth Number helping management. improved our Am operations as with and
four. Number
are investment margins. We creating on while value strengthening client return gross and focused on
division the all one that the last innovation. merge these digital into in decided opportunities Entravision We in groups same versus quarter. period We third digital on margins currently for the synergies operations continuously gross growth Our margin XX% increasing between believe at XX% focuses business significant to gross year. present digital and unit
XXXX. are our the create combined help boost digital a will will united of our specialists We know-how that confident that in front performance
a the more of our a seeing consistent is excited efficiently offering. aligned digital As to I I’m mentioned great merger and we before say forward digital has of units to podcasts outcome step one the are already brands since under audio. and that product We’ve streams beginning our very positive. business our offering units of XXXX AudioEngage in and the results been our been
led figures XX% XX% growth of Results XXX% a encouraging XXXX revenue are looking XX% programmatic. when when to and at in more growth compared in even increased deals. programmatic year-to-date a QX Revenue increase in with by
compared of loud last consumption when grown We’ll audio XXX% to it a which share to more come. million about in has X.X keep comes XXXX podcast quarters represents to compared when We That’s new third heard increase and needs. industry reaching business digital clear growth. the to when quarter we this why Our developing also new year. and to the projects are the fostering downloads unit this solutions audio significantly
digital a the stories as efforts versus a XX% quarter And we connecting various – our third the throughout previous including result of quarter with of This versus XXX our represents and XXX% of XX year views local a versus growth millions our over communities Entravision’s the is Latinos the to points. touch – at core video in company.As and prior. videos distributed purpose million growth X,XXX
also to a XXXX. in clients which value our help will year. XX% represents growth proposition our engagement delivered consumers boost X.X us fans versus and increased audio unique prior We This both million streams for
prior the year’s it’s to approximately quarter. is our generated turning quarter revenue important $X.X our XX%. That we fourth said million fourth that television minus in Now pacing remember political in total pacings, to revenue
Excluding fourth TV political currently is the our quarter. business minus in X% pacing
the Our is minus XX% audio business in fourth currently pacing quarter.
audio minus business political X%. is our Excluding pacing
X% revenues were are TV in year while the over summary digital our currently quarter by period. the results plus Digital year in radio compared were our pacing the fourth largely continued and softness prior driven third period. flat quarter results In our prior to businesses
audience our work continue capabilities executing to build unique managing targeting reach and proactively on while We further strategy costs. to on our our
Starting several third changes digital we quarter our in and the broadcast in management business important units. made
units seeing changes our improvement of to and steady to digital the As continue strengthen result a fourth these this we quarter and improvement expect broadcast are we in management in XXXX. in
take call the us to over now Young I through turn the numbers. to will Chris? Chris
