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Entravision Communications Corp (EVC) CEO Walter Ulloa on Q1 2020 Results - Earnings Call Transcript

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Entravision Communications Corp (NYSE:EVC) Q1 2020 Earnings Conference Call May 7, 2020 5:00 PM ET

Company Participants

Walter Ulloa - Chairman & CEO

Christopher Young - CFO & Treasurer

Conference Call Participants

Michael Kupinski - NOBLE Capital Markets


Good afternoon, and welcome to Entravision's First Quarter 2020 Earnings Conference Call. [Operator Instructions]. Please note, this event is being recorded. I would now like to turn the conference over to Walter Ulloa Chairman and CEO. Please go ahead.

Walter Ulloa

Thank you, Grant. Good afternoon, everyone, and welcome to Entravision's First Quarter 2020 Earnings Call. I hope everyone is staying healthy and safe in these difficult times. With me on the call today is Jeff Liberman, our President and COO; and Chris Young, our Chief Financial Officer. Before we begin, I must inform you that this conference call will contain forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ. Please refer to our SEC filings for a list of risks and uncertainties that could impact actual results. Call is the property of Entravision Communications Corporation. Any redistribution, retransmission or rebroadcast of this call in any form without the express of written consent. Also this call will include non-GAAP financial measures. The company has provided a reconciliation of these non-GAAP financial measures to their most directly comparable GAAP measures in today's press release.

The press release is available on the company's website and was filed with the SEC on Form 8-K. Our first quarter results were affected by the COVID-19 pandemic and the resulting economic crisis late in the first quarter, which resulted in declines in our broadcast and digital segments compared to the prior year. However, we did achieve growth in our television segment compared to the first quarter of 2019 as we benefited from a healthy

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