Q2 went the wrong way for Entravision, with net revenues down 6% to $50.3 million and EBITDA down 18% to $15.6 million. Both radio and TV saw revenues decrease.
“During the second quarter of 2011, we faced challenging comparisons to last year’s second quarter, when we benefited from World Cup, political and census advertising revenue. Nevertheless, our audience shares remain strong, and we believe we are well positioned to benefit as the U.S. Hispanic market continues to expand and advertisers increasingly recognize the importance of reaching our target audience. The release of the 2010 U.S. census data reconfirms the growth and importance of the U.S. Hispanic population and our position in some of the fastest-growing and most densely-populated Hispanic markets. We remain focused on improving our operating performance while continuing to carefully manage our costs,” said CEO Walter Ulloa.
Radio revenues fell 8% to $17.1 million, while operating costs increased 8% to $13.1 million.
TV revenues were down 5% to $33.1 million, but costs were down 1% to $18.7 million.
