Entravision Global Partners, the global digital commercial partnerships business of Entravision Communications, was sold during the second quarter of 2024. When one strips out the discontinued operation from the financials, the company rooted in U.S. Hispanic broadcast media had a good quarter, with net revenue up 12% on that basis.
Factor that discontinued operation in to the numbers, and Entravision saw a 1,650% increase in its net loss year-over-year in Q2.
Investors looked past that, with Entravision’s NYSE-traded stock surging by 14.2% within moments of the earnings report’s release.
