As the day began, Townsquare Media released first quarter 2025 earnings data that show it is nearing the 60% threshold with respect to Digital’s component of the total revenue seen by the radio station ownership group.
It ended with a similar tale from Entravision Communications. While Media revenue declined by 10% year over year, some 17% revenue growth was seen in Q1 — and it’s all thanks to soaring Digital dollars.
For the quarter, consolidated media revenue improved to $91.85 million, from $78.18 million.
How was that achieved? Advertising Technology & Services revenue leapt by 57% to $50.87 million, from $32.41 million. This put Digital revenue firmly ahead of that for Media, which fell to $40.98 million from $45.77 million.
Factoring in expenses, the media segment experienced a quarterly operating loss of $2.61 million, compared to income of $3 million in Q1 2024. In contrast, operating income of $6.51 million was seen for the ad tech arm of Entravision, rising from $1.64 million last year.
While the digital prowess is remarkable, two line-items cloud Entravision’s Q1 2025 results. First, the company took a $23.67 million impairment charge in the quarter for its broadcast media stations. Second, a $25.19 million “loss on lease abandonment” was taken.
Explaining those charges, Entravision said the company is selling two television stations in Mexico, and that it vacated its previous headquarters office in Santa Monica, Calif.
The result? An operating loss of $52.77 million was seen, widening from $7.65 million a year ago.
The net loss attributable to common stockholders was down slightly, to $47.97 million (-$0.53), from $48.89 million (-$0.55).
“We are pleased with the performance of this business and our team’s ability to expand sales capacity and build AI capabilities into our proprietary technology platform,” said Michael Christenson, Chief Executive Officer of Entravision. “Our Media segment had a more challenging quarter, with fewer active advertisers than the same period last year. However, we also expanded our sales capacity in the Media segment during the past two quarters, and revenue performance improved each month of the quarter. Our balance sheet is strong and we continue to focus on selected investments to drive increased revenue while maintaining tight control of operating expenses and corporate expenses to improve profitability.”
