EVC - Entravision Communications (EVC) - Favorable Fundamental Tailwinds Powered By Digital
Non-deal road show highlights: Last week, EVC hosted meetings for investors in St. Louis. Chris Young, CFO, highlighted the company’s international growth prospects, which are driven by its digital businesses. Management indicated favorable fundamental tailwinds, on track to exceed our 2023 Adj. EBITDA estimate this year.Competitive advantage in LatinAm: The company has an advantage of being the exclusive ad rep for Facebook. Advertisers must either buy Facebook ads through EVC's Cisneros, or buy directly from Facebook. With no price difference by buying through Facebook, Cisneros provides value add with customer support. Read More >>