With less than 45 minutes to go in Friday’s trading, Entravision Communications stock was up by nearly 10%, to $1.48.
The gains came following the release late Thursday of Q1 2020 results that show an ever-so-slight net revenue slip; a 20% surge in consolidated EBITDA; and much larger Free Cash Flow.
So, why did the Hispanic-focused multimedia company swing to a big net loss?