EVC - Entravision Communications (EVC) - Quarterly Preview: Raising Estimates

Q2 expected to exceed consensus. We believe that revenue trends in the company's digital and TV businesses are pacing slightly better than our original estimates. As such, we are raising our total company revenue estimate from $219.1 million to $222.7 million. And, we are raising our Q2 adj. EBITDA estimate from $19.7 million to $21.9 million. We believe that the results will exceed consensus and current analysts estimates. Digital on fire. We believe that the company is expanding its international markets, developing deep relationships with social media companies, and seeing strong growth for its programmatic business Smadex. Digital revenue growth is expected to be roughly 35% in Q2 and a strong 32% for the full year 2022. Read More >>