ENTRAVISION COMMUNICATIONS CORP Revenue Disclosure
4. REVENUES
Disaggregated Revenue
The following table presents our revenues disaggregated by major source (in thousands):
|
Year Ended December 31, |
|
|||||||||
|
2025 |
|
|
2024 |
|
|
2023 |
|
|||
Digital advertising |
$ |
303,322 |
|
|
$ |
173,720 |
|
|
$ |
122,906 |
|
Broadcast advertising |
|
103,684 |
|
|
|
143,515 |
|
|
|
124,722 |
|
Spectrum usage rights |
|
6,170 |
|
|
|
6,884 |
|
|
|
8,156 |
|
Retransmission consent |
|
29,461 |
|
|
|
33,880 |
|
|
|
36,556 |
|
Other |
|
4,957 |
|
|
|
6,949 |
|
|
|
4,703 |
|
Total revenue |
$ |
447,594 |
|
|
$ |
364,948 |
|
|
$ |
297,043 |
|
Contracts are entered into directly with customers or through an advertising agency that represents the customer. Sales of advertising to customers or agencies within a station’s designated market area (“DMA”) are referred to as local revenue, whereas sales from outside the DMA are referred to as national revenue. The following table further disaggregates the Company’s broadcast advertising revenue by sales channel (in thousands):
|
Year Ended December 31, |
|
|||||||||
|
2025 |
|
|
2024 |
|
|
2023 |
|
|||
Local direct |
$ |
19,369 |
|
|
$ |
20,798 |
|
|
$ |
21,826 |
|
Local agency |
|
45,884 |
|
|
|
51,001 |
|
|
|
54,485 |
|
National agency |
|
38,431 |
|
|
|
71,716 |
|
|
|
48,411 |
|
Total revenue |
$ |
103,684 |
|
|
$ |
143,515 |
|
|
$ |
124,722 |
|
The following table further disaggregates the Company’s revenue by geographical region, based on the location of the sales office (in thousands):
|
|
Year Ended December 31, |
|
|||||||||
|
|
2025 |
|
|
2024 |
|
|
2023 |
|
|||
U.S. |
|
$ |
261,543 |
|
|
$ |
274,148 |
|
|
$ |
216,058 |
|
Rest of the World (1) |
|
|
186,051 |
|
|
|
90,800 |
|
|
|
80,985 |
|
Total revenue |
|
$ |
447,594 |
|
|
$ |
364,948 |
|
|
$ |
297,043 |
|
Deferred Revenue
(in thousands) |
|
December 31, 2024 |
|
|
Increase |
|
|
Decrease |
|
|
December 31, 2025 |
|
||
Deferred revenue |
|
$ |
1,801 |
|
|
2,615 |
|
|
(1,801 |
) |
|
$ |
2,615 |
|
(in thousands) |
|
December 31, 2023 |
|
|
Increase |
|
|
Decrease |
|
|
December 31, 2024 |
|
||
Deferred revenue |
|
$ |
1,977 |
|
|
1,801 |
|
|
(1,977 |
) |
|
$ |
1,801 |
|
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 5, 2026 | Showing above |
| 2024 | Mar 6, 2025 | |
| 2023 | Mar 14, 2024 | |
| 2022 | Mar 16, 2023 | |
| 2021 | Mar 16, 2022 | |
About Revenue Disclosures
Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.
Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.