Entravision Communications Corporation (NYSE:EVC) Q3 2023 Earnings Conference Call November 2, 2023 5:00 PM ET

Company Participants

Kimberly Orlando - Investor Relations

Chris Young - CFO and Treasurer

Jeffery Liberman - President and COO

Michael Christenson - CEO and Director

Michael Kupinski - NOBLE Capital Markets

James Dix - Industry Capital Research

Mike Albanese - EF Hutton

Chris Sakai - Singular Research

Operator

Greetings, everyone, and welcome to the Entravision Third Quarter 2023 Earnings Conference Call. All participants are in a listen-only mode. [Operator Instructions] After today’s presentation there will be opportunity to ask questions. [Operator Instruction] As a reminder, today's conference call is being recorded.

It is now my pleasure to introduce your host, Kimberly Orlando, Investor Relations. Thank you. You may begin.

Kimberly Orlando

Thank you, operator. Good afternoon, everyone, and welcome to Entravision's third quarter 2023 earnings conference call. Joining me today are Michael Christenson, Chief Executive Officer; Chris Young, Chief Financial Officer; and Jeffery 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 their most comparable GAAP measures in today's press release. In addition, all pro forma figures noted throughout the prepared remarks include the contributions of various acquisitions to the prior year period. 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

Thanks, Kim, and thank you all for joining us this afternoon. Jeff and I will cover our third quarter financial performance, and we will then turn it over to Mike to discuss Entravision's key focus areas and capital allocation priorities.

Let's begin with an overview of our third quarter results. On a consolidated basis, we had a record quarter advertising revenue of $274.4 million, up 14% year-over-year, slightly below our previously disclosed pacings of plus 15%.