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Entravision +12.6% as revenues, profits rise

Mar. 02, 2017 6:37 PM ETEntravision Communications Corporation (EVC) StockBy: Jason Aycock, SA News Editor
  • Entravision Communications (NYSE:EVC) has jumped 12.6% in after-hours trading following Q4 earnings where profits were in line, though revenues rose in all segments and the company entered a deal to buy a marketing solutions firm.
  • Entravision has a definitive deal to acquire Headway, a provider of "mobile, programmatic, data and performance digital marketing solutions" focused on the Western hemisphere, for cash on hand.
  • EBITDA rose 10% to $20.6M, which missed an expected $21.6M. Free cash flow rose 10%, to $14.92M, and net income was up 21% to $7M.
  • Revenue by segment: Television, $43.4M (up 9%); Radio, $20.2M (up 4%); Digital, $6.67M (up 6%).
  • The company anticipates about $264M in proceeds for its participation in the FCC's reverse spectrum auction, which it expects to receive in the second half.
  • Press Release

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