Entravision Communications Corporation (NYSE:EVC) Q1 2023 Earnings Conference Call May 4, 2023 5:00 PM ET
Company Participants
Kimberly Esterkin – Investor Relations
Chris Young – Interim Chief Executive Officer and Chief Financial Officer
Jeff Liberman – President and Chief Operating Officer
Conference Call Participants
Michael Kupinski – NOBLE Capital Markets
James Dix – Industry Capital Research
Edward Reily – EF Hutton
David Marsh – Singular Research
Operator
Good afternoon, and welcome to the Entravision First Quarter 2023 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded.
I would now like to turn the call over to Kimberly Esterkin with Investor Relations. Please go ahead.
Kimberly Esterkin
Thank you, operator. Good afternoon, everyone, and welcome to Entravision's first quarter 2023 earnings conference call.
Joining me today are Chris Young, Interim Chief Executive Officer and Chief Financial Officer; and Jeff Liberman, President and Chief Operating Officer.
Before we begin, I must inform you that this conference call will contain forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ. Please refer to Entravision's SEC filings for a list of risks and uncertainties that could impact actual results. This call is the property of Entravision Communications Corporation. Any redistribution, retransmission or rebroadcast of this call in any form without the expressed written consent of Entravision Communications Corporation is strictly prohibited. Also, this call will include non-GAAP financial measures. The company has provided a reconciliation of these non-GAAP financial measures to the most comparable GAAP measures in today's press release. The press release is available on the company's website and was filed with the SEC on Form 8-K.
I will now turn the call over to Chris Young.
Chris Young
Thank you, Kimberly, and good afternoon, everyone.
We appreciate you joining our first quarter 2023 earnings call. In the first three months of the year, Entravision saw the continued strength of our digital businesses combined with the resiliency of our TV and audio segments. Revenues for the quarter totaled $239 million, an increase of 21% year-over-year, and ahead of our previously disclosed pacing's of plus 16% for our consolidated business. This performance is particularly impressive given the current difficult macroeconomic conditions, along with the anticipated year-over-year headwinds from decreased political spend in our broadcast business. These results are also a strong testament to our ability to evolve our business and adapt to the rapidly evolving technology, media and entertainment industries.