Entravision Communications net revenue down YoY

Entravision Communications Corporation (NYSE: EVC) said its net revenue decreased to USD59.9 million for the three-month period ended June 30, 2015 from USD61.8 million for the three-month period ended June 30, 2014, a decrease of USD1.9 million.

Of the overall decrease, approximately USD6.7 million was attributed to our television segment and was primarily attributable to the absence of World Cup and significant political advertising revenue in 2015 compared to 2014, and a decrease in national advertising revenue, partially offset by increases in local advertising revenue and retransmission consent revenue.

The overall decrease was partially offset by an increase of USD0.9 million that was attributed to our radio segment and was primarily attributable to increases in local and national advertising revenue, partially offset by the absence of World Cup revenue in 2015 compared to 2014. Additionally, the overall decrease was partially offset by an increase of USD3.9 million that was attributed to our digital segment, resulting from our acquisition of Pulpo in June 2014 and which did not contribute to revenue in the comparable period in 2014.

Operating expenses increased to USD37.5 million for the three-month period ended June 30, 2015 from USD35.0 million for the three-month period ended June 30, 2014, an increase of USD2.5 million. The increase was primarily attributable to increased operating expenses of Pulpo, which we acquired in June 2014, and increases in rent expense, salary expense and employee benefits costs, partially offset by a decrease in expenses associated with the decrease in advertising revenue.

Corporate expenses decreased to USD5.1 million for the three-month period ended June 30, 2015 from USD5.3 million for the three-month period ended June 30, 2014, a decrease of USD0.2 million. The decrease was primarily attributable to transaction costs associated with the acquisition of Pulpo in June 2014 that did not recur in 2015, partially offset by an increase in salary expense.

Entravision Communications is a diversified media company serving Latino audiences and communities with an integrated platform of solutions and services that includes television, radio, digital media and data analytics to reach Latino audiences across the United States and Latin America.