Entravision Communications Corp. (EVC, Financial) filed Quarterly Report for the period ended 2012-06-30.
Entravision Communication has a market cap of $109.8 million; its shares were traded at around $1.27 with and P/S ratio of 0.6.
Direct operating expenses increased to $44.5 million for the six-month period ended June 30, 2012 from $43.3 million for the six-month period ended June 30, 2011, an increase of $1.2 million. Of the overall increase, $0.9 million came from our television segment and was primarily attributable to an increase in expenses associated with the increase in net revenue and an increase in salary expense. Additionally, $0.3 million of the overall increase came from our radio segment and was primarily attributable to an increase in salary expense. As a percentage of net revenue, direct operating expenses decreased to 44% for the six-month period ended June 30, 2012 from 46% for the six-month period ended June 30, 2011. Direct operating expenses as a percentage of net revenue decreased because the increase in net revenue outpaced the increase in direct operating expenses.
Selling, General and Administrative Expenses. Selling, general and administrative expenses increased to $9.6 million for the three-month period ended June 30, 2012 from $9.3 million for the three-month period ended June 30, 2011, an increase of $0.3 million. Of the overall increase, $0.2 million came from our television segment and was primarily attributable to an increase in salary expense. Additionally, $0.1 million of the overall increase came from our radio segment and was primarily attributable to an increase in salary expense. As a percentage of net revenue, selling, general and administrative expenses remained constant at 18% for each of the three-month periods ended June 30, 2012 and 2011. Selling, general and administrative expenses as a percentage of net revenue remained constant because the increase in net revenue matched the increase in selling, general and administrative expenses.
Selling, general and administrative expenses increased to $19.0 million for the six-month period ended June 30, 2012 from $18.5 million for the six-month period ended June 30, 2011, an increase of $0.5 million. Of the overall increase, $0.4 million came from our television segment and was primarily attributable to an increase in salary expense. Additionally, $0.1 million of the overall increase came from our radio segment and was primarily attributable to an increase in salary expense. As a percentage of net revenue, selling, general and administrative expenses decreased to 19% for the six-month period ended June 30, 2012 from 20% for the six-month period ended June 30, 2011. Selling, general and administrative expenses as a percentage of net revenue decreased because the increase in net revenue outpaced the increase in selling, general and administrative expenses.
Consolidated adjusted EBITDA (as defined below) increased to $29.9 million for the six-month period ended June 30, 2012 from $26.0 million for the six-month period ended June 30, 2011, an increase of $3.9 million, or 15%. As a percentage of net revenue, consolidated adjusted EBITDA increased to 30% for the six-month period ended June 30, 2012 from 28% for the six-month period ended June 30, 2011.
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Entravision Communication has a market cap of $109.8 million; its shares were traded at around $1.27 with and P/S ratio of 0.6.
Highlight of Business Operations:
Direct Operating Expenses. Direct operating expenses increased to $22.9 million for the three-month period ended June 30, 2012 from $22.5 million for the three-month period ended June 30, 2011, an increase of $0.4 million. Of the overall increase, $0.3 million came from our television segment and was primarily attributable to an increase in expenses associated with the increase in net revenue and an increase in salary expense. Additionally, $0.1 million of the overall increase came from our radio segment and was primarily attributable to an increase in salary expense. As a percentage of net revenue, direct operating expenses decreased to 42% for the three-month period ended June 30, 2012 from 45% for the three-month period ended June 30, 2011. Direct operating expenses as a percentage of net revenue decreased because the increase in net revenue outpaced the increase in direct operating expenses.Direct operating expenses increased to $44.5 million for the six-month period ended June 30, 2012 from $43.3 million for the six-month period ended June 30, 2011, an increase of $1.2 million. Of the overall increase, $0.9 million came from our television segment and was primarily attributable to an increase in expenses associated with the increase in net revenue and an increase in salary expense. Additionally, $0.3 million of the overall increase came from our radio segment and was primarily attributable to an increase in salary expense. As a percentage of net revenue, direct operating expenses decreased to 44% for the six-month period ended June 30, 2012 from 46% for the six-month period ended June 30, 2011. Direct operating expenses as a percentage of net revenue decreased because the increase in net revenue outpaced the increase in direct operating expenses.
Selling, General and Administrative Expenses. Selling, general and administrative expenses increased to $9.6 million for the three-month period ended June 30, 2012 from $9.3 million for the three-month period ended June 30, 2011, an increase of $0.3 million. Of the overall increase, $0.2 million came from our television segment and was primarily attributable to an increase in salary expense. Additionally, $0.1 million of the overall increase came from our radio segment and was primarily attributable to an increase in salary expense. As a percentage of net revenue, selling, general and administrative expenses remained constant at 18% for each of the three-month periods ended June 30, 2012 and 2011. Selling, general and administrative expenses as a percentage of net revenue remained constant because the increase in net revenue matched the increase in selling, general and administrative expenses.
Selling, general and administrative expenses increased to $19.0 million for the six-month period ended June 30, 2012 from $18.5 million for the six-month period ended June 30, 2011, an increase of $0.5 million. Of the overall increase, $0.4 million came from our television segment and was primarily attributable to an increase in salary expense. Additionally, $0.1 million of the overall increase came from our radio segment and was primarily attributable to an increase in salary expense. As a percentage of net revenue, selling, general and administrative expenses decreased to 19% for the six-month period ended June 30, 2012 from 20% for the six-month period ended June 30, 2011. Selling, general and administrative expenses as a percentage of net revenue decreased because the increase in net revenue outpaced the increase in selling, general and administrative expenses.
Consolidated adjusted EBITDA (as defined below) increased to $29.9 million for the six-month period ended June 30, 2012 from $26.0 million for the six-month period ended June 30, 2011, an increase of $3.9 million, or 15%. As a percentage of net revenue, consolidated adjusted EBITDA increased to 30% for the six-month period ended June 30, 2012 from 28% for the six-month period ended June 30, 2011.
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