Good earnings and everyone conference safe times. healthy Jamie. second is to quarter and difficult these XXXX call. in afternoon, you, welcome everyone, Entravision’s staying Thank I hope
call me today Joining the is Young, Financial our Chris Officer. Chief on
this any I written measures with financial cause begin, that the you and is differ. our This rebroadcast expressed non-GAAP refer on actual measures forward-looking results inform available on will risks form and provided SEC this Communications subject to a risk measures. that was The consent to The Corporation. uncertainties in company’s press are SEC company property must impact Corporation and to most release call list reconciliation their Any without in filings uncertainties financial will X-K. prohibited. filed contain actual we or non-GAAP Form call is today’s Before call of retransmission the conference these statements of could release. website has include Entravision call that of for GAAP Also, of Communications could comparable Entravision that a redistribution, this Please to of is the results. strictly press the
the later remarks. you steps various segments, second economic business facing. the our operations for adverse crisis, saving efficient we compared and the affected cost to challenges in continued to with most which period. align of in manage Our expense quarter have prior anticipate manner order all by due our economic a to continue our were the pandemic the the caused effectively across balance presently resulting through results to the my undertaken COVID-XX of I’ll we revenue are We we environment in declines structure pandemic Accordingly, XXXX. year walk most a
million $XXX.X At in business books quarter, total be in on securities industry cash to X.Xx. of $XXX the difficult of end among the balance and sheet versus beyond the million. Looking approximately with the environment, leverage strongest second the net approximately marketable the our a was today total continues our debt
Turning XX% adjusted to Consolidated was to to of the down decreased $XX.X expenses quarter. XX%, in $X.X EBITDA compared second operating was in same to the last consolidated Net to compared $X.X year. were loss down million, performance, our $XX.X year. and million million, financial revenues million $XX.X million a income period XX% last
prior in results, down million, segment revenue was second Turning $XX briefly revenues advertising quarter due local retransmission while to revenue was television the National pandemic. XX%, our down compared X%. up was to revenue to year television the the television advertising revenue to and while down multicast operating advertising period down consent XX% were Total XX%, was XX%. television
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in exception year the the versus were prior down in prior All significantly year. the We the with quarter, of significantly also political, represented which in million in financial over were increase top $XX,XXX saw period. a – X% category television categories other $X.X the revenue XX
Univision radio’s our performance, to Turning affiliates built May their upon television market our XXXX. in leadership
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have recently our turn Arizona Texas, of it’s and to the where near encountered to of cases, a Entravision the regions important we operates now that Florida, for including note surge many California. As coronavirus the term, outlook
economic in revenue versus overall despite uncertainty to have shown operations improvement Our current QX the of solid date the environment. QX
and XXXX. As pacing third our businesses of is quarter the XX%, of business radio today, are versus advertising pacing minus digital XX% our pacing our minus television is business minus X%,
more finish. quarter currently second than have As on a footnote, revenue our books today we our
the These crisis. steps previously steps have a XX%, our to X we approximately share cancellation of over reduction we XX% level. shareholders by payroll, past on to reduction at $X.XXX reduction this for of mentioned, operating reduction of last As include quarter; elimination difficult of our by our the company-wide the still and multiple corporate initiated program, the a lastly, taken of and both expenses buyback stock the ensure dynamic workforce salaries various to dividend and we’ve per those weather months, the
of result million period. as third with prior be a cost Also, expect should corporate, would We and one so struggles reductions quarters in pandemic, $XX the quarter. difficult year-over-year the maintain platforms reductions year the as performs most company’s in contend audio of quarter effective doing to to in cuts how in the in the quarter necessary economy $XX of QX, these depending approximately revenue our to and and result on well our in these cost it $XX digital fixed QX, fixed second the In and reduction to television, across challenging additional beyond variable history. as the million compared in the expense summary, variable to was impact million
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