Entravision Communications Corporation Reports Third Quarter 2025 Results
Provided By Business Wire
Last update: Nov 4, 2025
Entravision Communications Corporation (NYSE: EVC), a media and advertising technology company, today announced financial results for its third quarter ended September 30, 2025.
“Our Media segment net revenue declined 26% in the third quarter of 2025 year-over-year, primarily due to lower political revenue and weaker revenue from national television and radio advertisers. Average monthly advertisers and revenue per average monthly advertiser for our local media operations in the third quarter of 2025 were flat year-over-year,” said Michael Christenson, Chief Executive Officer. “Net revenue for our Advertising Technology & Services ("ATS") segment increased 104% in the third quarter of 2025 year-over-year. Investments in the AI capabilities of our platform and increased sales capacity enabled ATS to increase monthly active advertisers and revenue per monthly active advertiser.”
Mr. Christenson continued, “We repaid $5 million on our bank term loan in the third quarter of 2025, bringing our total reduction to $15 million so far for the year. We are committed to reducing our debt and maintaining a strong balance sheet.”
Highlights
Entravision currently reports its operating results for two segments. The Media segment provides video, audio and digital marketing services to local and national advertisers in the U.S. The Advertising Technology & Services segment provides programmatic advertising technology and services to advertisers and mobile app developers on a global basis.
- Consolidated net revenue increased 24% for third quarter 2025 compared to third quarter 2024.
- Media segment net revenue decreased 26% for third quarter 2025 compared to third quarter 2024, primarily due to decreases in broadcast advertising revenue, retransmission consent revenue, and spectrum usage rights revenue, partially offset by an increase in digital advertising revenue.
- Advertising Technology & Services segment net revenue increased 104% for third quarter 2025 compared to third quarter 2024, primarily due to increases in advertising revenue including advertising spend per client.
- Segment operating profit was $6.2 million for third quarter 2025, a decrease of 55% compared to third quarter 2024.
- Media segment operating loss was $3.5 million for third quarter 2025, compared to operating profit of $11.7 million in third quarter 2024.
- Advertising Technology & Services segment operating profit was $9.8 million for third quarter 2025, an increase of 378% compared to third quarter 2024.
- Corporate expenses decreased 9% for third quarter 2025 compared to third quarter 2024, primarily due to expense reductions in rent and professional services.
- During third quarter 2025 the Company's management began to implement an ongoing organization design plan intended to support revenue growth and reduce expenses, primarily in the Company’s media operations. As a result, the Company recorded a restructuring charge of $3.2 million in the third quarter of 2025. Key components of this plan in the media segment include a reduction of approximately 5% of the Company's media segment workforce, primarily in back-office roles, and the abandonment of certain leased facilities, with impacted employees transitioning to remote work, and the shutdown of certain legacy international operations within the advertising technology & services segment.
- The company entered into a strategic amendment to its credit agreement on July 15, 2025, intended to accelerate debt reduction and provide additional financial stability and flexibility.
- The company made a $5 million scheduled debt payment and paid a dividend of $4.5 million in third quarter 2025.
- The company had $66.4 million in cash and cash equivalents and marketable securities as of September 30, 2025, compared to $100.6 million as of December 31, 2024. Net cash provided by operating activities was $8.3 million for third quarter 2025.
- Entravision’s board of directors approved a quarterly cash dividend to shareholders of $0.05 per share on the company's Class A and Class U common stock. The dividend is payable on December 31, 2025 to shareholders of record as of the close of business on December 16, 2025.
Notice of Conference Call
Entravision will host a webinar to discuss its third quarter 2025 results on Tuesday, November 4, 2025 at 5:00 p.m. Eastern Time. The webinar may be accessed on company’s Investor Relations website at investor.entravision.com or via webinar registration. The webinar will also be archived on the company’s Investor Relations website under the Events section.
About Entravision Communications Corporation
Entravision is a media and advertising technology company. In the U.S., we provide video, audio and digital marketing services to local and national advertisers through a portfolio of television and radio stations and digital advertising services that target Latino audiences. Our advertising technology business provides programmatic advertising technology and services to advertisers and app developers on a global basis. Entravision is the largest affiliate group of the Univision and UniMás television networks. Shares of Entravision Class A Common Stock trade on the NYSE under the ticker: EVC. Learn more about us at entravision.com.
Forward-Looking Statements
This press release contains certain forward-looking statements. These forward-looking statements, which are included in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this press release. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that actual results will not differ materially from these expectations, and the Company disclaims any duty to update any forward-looking statements made by the Company. From time to time, these risks, uncertainties and other factors are discussed in the Company’s filings with the Securities and Exchange Commission.
|
Entravision Communications Corporation Segment Results (Unaudited) (In thousands) |
||||||||||||||||||||||||
|
|
|
Three-Month Period |
|
|
|
|
Nine-Month Period |
|
|
|
||||||||||||||
|
|
|
Ended September 30, |
|
% |
|
Ended September 30, |
|
% |
||||||||||||||||
|
|
|
2025 |
|
2024 |
|
Change |
|
2025 |
|
2024 |
|
Change |
||||||||||||
|
Net revenue |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
|
Media |
|
$ |
44,505 |
|
|
$ |
59,802 |
|
|
|
(26 |
)% |
|
$ |
130,895 |
|
|
$ |
154,801 |
|
|
|
(15 |
)% |
|
Advertising Technology & Services |
|
|
76,125 |
|
|
|
37,354 |
|
|
|
104 |
% |
|
|
182,321 |
|
|
|
103,185 |
|
|
|
77 |
% |
|
Consolidated |
|
|
120,630 |
|
|
|
97,156 |
|
|
|
24 |
% |
|
|
313,216 |
|
|
|
257,986 |
|
|
|
21 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
|
Cost of revenue |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
|
Media |
|
|
5,015 |
|
|
|
4,881 |
|
|
|
3 |
% |
|
|
12,932 |
|
|
|
11,888 |
|
|
|
9 |
% |
|
Advertising Technology & Services |
|
|
45,971 |
|
|
|
21,920 |
|
|
|
110 |
% |
|
|
109,536 |
|
|
|
61,995 |
|
|
|
77 |
% |
|
Consolidated |
|
|
50,986 |
|
|
|
26,801 |
|
|
|
90 |
% |
|
|
122,468 |
|
|
|
73,883 |
|
|
|
66 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
|
Direct operating expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
|
Media |
|
|
28,596 |
|
|
|
29,193 |
|
|
|
(2 |
)% |
|
|
81,941 |
|
|
|
82,405 |
|
|
|
(1 |
)% |
|
Advertising Technology & Services |
|
|
12,651 |
|
|
|
6,424 |
|
|
|
97 |
% |
|
|
32,520 |
|
|
|
16,769 |
|
|
|
94 |
% |
|
Consolidated |
|
|
41,247 |
|
|
|
35,617 |
|
|
|
16 |
% |
|
|
114,461 |
|
|
|
99,174 |
|
|
|
15 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
|
Selling, general and administrative expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
|
Media |
|
|
11,598 |
|
|
|
10,860 |
|
|
|
7 |
% |
|
|
33,409 |
|
|
|
30,600 |
|
|
|
9 |
% |
|
Advertising Technology & Services |
|
|
7,430 |
|
|
|
6,252 |
|
|
|
19 |
% |
|
|
17,578 |
|
|
|
15,209 |
|
|
|
16 |
% |
|
Consolidated |
|
|
19,028 |
|
|
|
17,112 |
|
|
|
11 |
% |
|
|
50,987 |
|
|
|
45,809 |
|
|
|
11 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
|
Depreciation and amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
|
Media |
|
|
2,808 |
|
|
|
3,165 |
|
|
|
(11 |
)% |
|
|
8,385 |
|
|
|
9,756 |
|
|
|
(14 |
)% |
|
Advertising Technology & Services |
|
|
322 |
|
|
|
717 |
|
|
|
(55 |
)% |
|
|
1,249 |
|
|
|
3,293 |
|
|
|
(62 |
)% |
|
Consolidated |
|
|
3,130 |
|
|
|
3,882 |
|
|
|
(19 |
)% |
|
|
9,634 |
|
|
|
13,049 |
|
|
|
(26 |
)% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
|
Segment operating profit (loss) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
|
Media |
|
|
(3,512 |
) |
|
|
11,703 |
|
|
* |
|
|
|
(5,772 |
) |
|
|
20,152 |
|
|
* |
|
||
|
Advertising Technology & Services |
|
|
9,751 |
|
|
|
2,041 |
|
|
|
378 |
% |
|
|
21,438 |
|
|
|
5,919 |
|
|
|
262 |
% |
|
Consolidated |
|
|
6,239 |
|
|
|
13,744 |
|
|
|
(55 |
)% |
|
|
15,666 |
|
|
|
26,071 |
|
|
|
(40 |
)% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
|
Corporate expenses |
|
|
6,340 |
|
|
|
6,930 |
|
|
|
(9 |
)% |
|
|
20,503 |
|
|
|
29,989 |
|
|
|
(32 |
)% |
|
Change in fair value of contingent consideration |
|
|
- |
|
|
|
(650 |
) |
|
|
(100 |
)% |
|
|
- |
|
|
|
(630 |
) |
|
|
(100 |
)% |
|
Impairment charge |
|
|
5,705 |
|
|
|
- |
|
|
* |
|
|
|
29,378 |
|
|
|
- |
|
|
* |
|
||
|
Loss on lease abandonment |
|
|
- |
|
|
|
- |
|
|
* |
|
|
|
25,191 |
|
|
|
- |
|
|
* |
|
||
|
Restructuring costs |
|
|
3,188 |
|
|
|
- |
|
|
* |
|
|
|
3,188 |
|
|
|
- |
|
|
* |
|
||
|
Foreign currency (gain) loss |
|
|
92 |
|
|
|
(121 |
) |
|
* |
|
|
|
110 |
|
|
|
120 |
|
|
|
(8 |
)% |
|
|
Operating income (loss) |
|
|
(9,086 |
) |
|
|
7,585 |
|
|
* |
|
|
|
(62,704 |
) |
|
|
(3,408 |
) |
|
|
1,740 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
|
Interest expense |
|
$ |
(3,803 |
) |
|
$ |
(4,087 |
) |
|
|
(7 |
)% |
|
$ |
(11,503 |
) |
|
$ |
(12,648 |
) |
|
|
(9 |
)% |
|
Interest income |
|
|
574 |
|
|
|
646 |
|
|
|
(11 |
)% |
|
|
1,798 |
|
|
|
1,801 |
|
|
|
(0 |
)% |
|
Dividend income |
|
|
1 |
|
|
|
- |
|
|
* |
|
|
|
2 |
|
|
|
10 |
|
|
|
(80 |
)% |
|
|
Realized gain (loss) on marketable securities |
|
|
2 |
|
|
|
(1 |
) |
|
* |
|
|
|
6 |
|
|
|
(110 |
) |
|
* |
|
||
|
Gain (loss) on debt extinguishment |
|
|
(176 |
) |
|
|
- |
|
|
* |
|
|
|
(214 |
) |
|
|
(91 |
) |
|
|
135 |
% |
|
|
Income (loss) before income taxes |
|
|
(12,488 |
) |
|
|
4,143 |
|
|
* |
|
|
|
(72,615 |
) |
|
|
(14,446 |
) |
|
|
403 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
|
Capital expenditures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
|
Media |
|
$ |
1,154 |
|
|
$ |
1,020 |
|
|
|
|
|
$ |
5,484 |
|
|
$ |
4,546 |
|
|
|
|
||
|
Advertising Technology & Services |
|
|
33 |
|
|
|
31 |
|
|
|
|
|
|
87 |
|
|
|
298 |
|
|
|
|
||
|
Consolidated |
|
$ |
1,187 |
|
|
$ |
1,051 |
|
|
|
|
|
$ |
5,571 |
|
|
$ |
4,844 |
|
|
|
|
||
|
Entravision Communications Corporation Consolidated Statements of Operations (Unaudited) (In thousands, except share and per share data) |
||||||||||||||||
|
|
|
Three-Month Period |
|
Nine-Month Period |
||||||||||||
|
|
|
Ended September 30, |
|
Ended September 30, |
||||||||||||
|
|
|
2025 |
|
2024 |
|
2025 |
|
2024 |
||||||||
|
Net revenue |
|
$ |
120,630 |
|
|
$ |
97,156 |
|
|
$ |
313,216 |
|
|
$ |
257,986 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
Expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
Cost of revenue |
|
|
50,986 |
|
|
|
26,801 |
|
|
|
122,468 |
|
|
|
73,883 |
|
|
Direct operating expenses |
|
|
41,247 |
|
|
|
35,617 |
|
|
|
114,461 |
|
|
|
99,174 |
|
|
Selling, general and administrative expenses |
|
|
19,028 |
|
|
|
17,112 |
|
|
|
50,987 |
|
|
|
45,809 |
|
|
Corporate expenses |
|
|
6,340 |
|
|
|
6,930 |
|
|
|
20,503 |
|
|
|
29,989 |
|
|
Depreciation and amortization |
|
|
3,130 |
|
|
|
3,882 |
|
|
|
9,634 |
|
|
|
13,049 |
|
|
Change in fair value of contingent consideration |
|
|
— |
|
|
|
(650 |
) |
|
|
— |
|
|
|
(630 |
) |
|
Impairment charge |
|
|
5,705 |
|
|
|
— |
|
|
|
29,378 |
|
|
|
— |
|
|
Loss on lease abandonment |
|
|
— |
|
|
|
— |
|
|
|
25,191 |
|
|
|
— |
|
|
Restructuring costs |
|
|
3,188 |
|
|
|
— |
|
|
|
3,188 |
|
|
|
— |
|
|
Foreign currency (gain) loss |
|
|
92 |
|
|
|
(121 |
) |
|
|
110 |
|
|
|
120 |
|
|
Total expenses |
|
|
129,716 |
|
|
|
89,571 |
|
|
|
375,920 |
|
|
|
261,394 |
|
|
Operating income (loss) |
|
|
(9,086 |
) |
|
|
7,585 |
|
|
|
(62,704 |
) |
|
|
(3,408 |
) |
|
Interest expense |
|
|
(3,803 |
) |
|
|
(4,087 |
) |
|
|
(11,503 |
) |
|
|
(12,648 |
) |
|
Interest income |
|
|
574 |
|
|
|
646 |
|
|
|
1,798 |
|
|
|
1,801 |
|
|
Dividend income |
|
|
1 |
|
|
|
— |
|
|
|
2 |
|
|
|
10 |
|
|
Realized gain (loss) on marketable securities |
|
|
2 |
|
|
|
(1 |
) |
|
|
6 |
|
|
|
(110 |
) |
|
Gain (loss) on debt extinguishment |
|
|
(176 |
) |
|
|
— |
|
|
|
(214 |
) |
|
|
(91 |
) |
|
Income (loss) before income taxes |
|
|
(12,488 |
) |
|
|
4,143 |
|
|
|
(72,615 |
) |
|
|
(14,446 |
) |
|
Income tax benefit (expense) |
|
|
2,829 |
|
|
|
(14,984 |
) |
|
|
11,681 |
|
|
|
(173 |
) |
|
Net income (loss) from continuing operations |
|
|
(9,659 |
) |
|
|
(10,841 |
) |
|
|
(60,934 |
) |
|
|
(14,619 |
) |
|
Net income (loss) from discontinued operations, net of tax |
|
|
- |
|
|
|
(1,139 |
) |
|
|
(28 |
) |
|
|
(77,931 |
) |
|
Net income (loss) attributable to common stockholders |
|
$ |
(9,659 |
) |
|
$ |
(11,980 |
) |
|
$ |
(60,962 |
) |
|
$ |
(92,550 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
Basic and diluted earnings per share: |
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
Net income (loss) per share from continuing operations, basic and diluted |
|
$ |
(0.11 |
) |
|
$ |
(0.12 |
) |
|
$ |
(0.67 |
) |
|
$ |
(0.16 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
Net income (loss) per share from discontinued operations, basic and diluted |
|
$ |
- |
|
|
$ |
(0.01 |
) |
|
$ |
(0.00 |
) |
|
$ |
(0.87 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
Net income (loss) per share attributable to common stockholders, basic and diluted |
|
$ |
(0.11 |
) |
|
$ |
(0.13 |
) |
|
$ |
(0.67 |
) |
|
$ |
(1.03 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
Cash dividends declared per common share, basic and diluted |
|
$ |
0.05 |
|
|
$ |
0.05 |
|
|
$ |
0.15 |
|
|
$ |
0.15 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
Weighted average common shares outstanding, basic and diluted |
|
|
90,976,288 |
|
|
|
89,987,110 |
|
|
|
90,976,288 |
|
|
|
89,776,075 |
|
|
Entravision Communications Corporation Consolidated Balance Sheets (Unaudited) (In thousands) |
||||||||
|
|
|
September 30, |
|
December 31, |
||||
|
|
|
2025 |
|
2024 |
||||
|
ASSETS |
|
|
|
|
|
|
||
|
Current assets |
|
|
|
|
|
|
||
|
Cash and cash equivalents |
|
$ |
61,755 |
|
|
$ |
95,914 |
|
|
Marketable securities |
|
|
4,683 |
|
|
|
4,694 |
|
|
Restricted cash |
|
|
795 |
|
|
|
786 |
|
|
Trade receivables, net of allowance for doubtful accounts |
|
|
88,985 |
|
|
|
68,319 |
|
|
Prepaid expenses and other current assets |
|
|
22,671 |
|
|
|
16,587 |
|
|
Assets held for sale |
|
|
5,597 |
|
|
|
— |
|
|
Total current assets |
|
|
184,486 |
|
|
|
186,300 |
|
|
Property and equipment, net |
|
|
45,911 |
|
|
|
60,616 |
|
|
Intangible assets subject to amortization, net |
|
|
3,050 |
|
|
|
4,417 |
|
|
Intangible assets not subject to amortization |
|
|
149,276 |
|
|
|
177,276 |
|
|
Goodwill |
|
|
7,352 |
|
|
|
7,352 |
|
|
Deferred income taxes |
|
|
2,924 |
|
|
|
2,650 |
|
|
Operating leases right of use asset |
|
|
18,018 |
|
|
|
40,762 |
|
|
Other assets |
|
|
3,586 |
|
|
|
7,905 |
|
|
Total assets |
|
$ |
414,603 |
|
|
$ |
487,278 |
|
|
LIABILITIES AND STOCKHOLDERS' EQUITY |
|
|
|
|
|
|
||
|
Current liabilities |
|
|
|
|
|
|
||
|
Current maturities of long-term debt |
|
$ |
20,000 |
|
|
$ |
- |
|
|
Accounts payable and accrued expenses |
|
|
78,643 |
|
|
|
53,882 |
|
|
Operating lease liabilities |
|
|
7,494 |
|
|
|
7,744 |
|
|
Total current liabilities |
|
|
106,137 |
|
|
|
61,626 |
|
|
Long-term debt, less current maturities, net of unamortized debt issuance costs |
|
|
152,040 |
|
|
|
186,958 |
|
|
Long-term operating lease liabilities |
|
|
38,942 |
|
|
|
42,101 |
|
|
Other long-term liabilities |
|
|
12,941 |
|
|
|
12,168 |
|
|
Deferred income taxes |
|
|
26,378 |
|
|
|
38,405 |
|
|
Total liabilities |
|
|
336,438 |
|
|
|
341,258 |
|
|
Stockholders' equity |
|
|
|
|
|
|
||
|
Class A common stock |
|
|
8 |
|
|
|
8 |
|
|
Class U common stock |
|
|
1 |
|
|
|
1 |
|
|
Additional paid-in capital |
|
|
808,598 |
|
|
|
815,532 |
|
|
Accumulated deficit |
|
|
(729,682 |
) |
|
|
(668,720 |
) |
|
Accumulated other comprehensive income (loss) |
|
|
(760 |
) |
|
|
(801 |
) |
|
Total stockholders' equity |
|
|
78,165 |
|
|
|
146,020 |
|
|
Total liabilities and equity |
|
$ |
414,603 |
|
|
$ |
487,278 |
|
|
Entravision Communications Corporation Consolidated Statements of Cash Flows (Unaudited) (In thousands) |
||||||||||||||||
|
|
|
Three-Month Period |
|
Nine-Month Period |
||||||||||||
|
|
|
Ended September 30, |
|
Ended September 30, |
||||||||||||
|
|
|
2025 |
|
2024 |
|
2025 |
|
2024 |
||||||||
|
Cash flows from operating activities: |
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
Net income (loss) attributable to common stockholders |
|
$ |
(9,659 |
) |
|
$ |
(11,980 |
) |
|
$ |
(60,962 |
) |
|
$ |
(92,550 |
) |
|
Adjustments to reconcile net income (loss) to net cash provided by operating activities: |
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
Depreciation and amortization |
|
|
3,130 |
|
|
|
3,882 |
|
|
|
9,634 |
|
|
|
17,007 |
|
|
Impairment charge |
|
|
5,705 |
|
|
|
— |
|
|
|
29,378 |
|
|
|
49,438 |
|
|
Loss on lease abandonment |
|
|
— |
|
|
|
— |
|
|
|
25,191 |
|
|
|
— |
|
|
Deferred income taxes |
|
|
(5,421 |
) |
|
|
(3,500 |
) |
|
|
(12,300 |
) |
|
|
(3,286 |
) |
|
Non-cash interest |
|
|
415 |
|
|
|
63 |
|
|
|
995 |
|
|
|
223 |
|
|
Amortization of syndication contracts |
|
|
107 |
|
|
|
112 |
|
|
|
328 |
|
|
|
339 |
|
|
Payments on syndication contracts |
|
|
(70 |
) |
|
|
(108 |
) |
|
|
(290 |
) |
|
|
(337 |
) |
|
Non-cash stock-based compensation |
|
|
2,804 |
|
|
|
3,688 |
|
|
|
8,102 |
|
|
|
12,422 |
|
|
(Gain) loss on marketable securities |
|
|
(2 |
) |
|
|
1 |
|
|
|
(6 |
) |
|
|
110 |
|
|
(Gain) loss on disposal of property and equipment |
|
|
7 |
|
|
|
23 |
|
|
|
13 |
|
|
|
206 |
|
|
Loss (gain) on the sale of businesses |
|
|
— |
|
|
|
125 |
|
|
|
— |
|
|
|
45,139 |
|
|
(Gain) loss on debt extinguishment |
|
|
176 |
|
|
|
— |
|
|
|
214 |
|
|
|
91 |
|
|
Change in fair value of contingent consideration |
|
|
— |
|
|
|
(650 |
) |
|
|
— |
|
|
|
(13,198 |
) |
|
Net income (loss) attributable to redeemable noncontrolling interest - discontinued operations |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(2,779 |
) |
|
Changes in assets and liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
(Increase) decrease in accounts receivable |
|
|
(10,572 |
) |
|
|
1,025 |
|
|
|
(20,553 |
) |
|
|
10,611 |
|
|
(Increase) decrease in prepaid expenses and other current assets, operating leases right of use asset and other assets |
|
|
3,706 |
|
|
|
17,662 |
|
|
|
2,358 |
|
|
|
(1,928 |
) |
|
Increase (decrease) in accounts payable, accrued expenses and other liabilities |
|
|
17,951 |
|
|
|
508 |
|
|
|
18,759 |
|
|
|
40,414 |
|
|
Net cash provided by (used in) operating activities |
|
|
8,277 |
|
|
|
10,851 |
|
|
|
861 |
|
|
|
61,922 |
|
|
Cash flows from investing activities: |
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
Proceeds from sale of businesses, net of cash divested |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(42,967 |
) |
|
Purchases of property and equipment |
|
|
(1,216 |
) |
|
|
(1,552 |
) |
|
|
(6,020 |
) |
|
|
(6,289 |
) |
|
Purchases of marketable securities |
|
|
(574 |
) |
|
|
— |
|
|
|
(1,539 |
) |
|
|
— |
|
|
Proceeds from sale of marketable securities |
|
|
672 |
|
|
|
362 |
|
|
|
1,619 |
|
|
|
10,381 |
|
|
Proceeds from loan receivable |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
10,748 |
|
|
Net cash provided by (used in) investing activities |
|
|
(1,118 |
) |
|
|
(1,190 |
) |
|
|
(5,940 |
) |
|
|
(28,127 |
) |
|
Cash flows from financing activities: |
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
Tax payments related to shares withheld for share-based compensation plans |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(27 |
) |
|
Payments on debt |
|
|
(5,000 |
) |
|
|
— |
|
|
|
(15,000 |
) |
|
|
(20,275 |
) |
|
Dividends paid |
|
|
(4,549 |
) |
|
|
(4,499 |
) |
|
|
(13,647 |
) |
|
|
(13,471 |
) |
|
Distributions to noncontrolling interest |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(1,078 |
) |
|
Payment of contingent consideration |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(14,300 |
) |
|
Principal payments under finance lease obligation |
|
|
(34 |
) |
|
|
(36 |
) |
|
|
(99 |
) |
|
|
(110 |
) |
|
Payments for debt issuance costs |
|
|
(325 |
) |
|
|
— |
|
|
|
(325 |
) |
|
|
— |
|
|
Net cash provided by (used in) financing activities |
|
|
(9,908 |
) |
|
|
(4,535 |
) |
|
|
(29,071 |
) |
|
|
(49,261 |
) |
|
Effect of exchange rates on cash, cash equivalents and restricted cash |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(2 |
) |
|
Net increase (decrease) in cash, cash equivalents and restricted cash |
|
|
(2,749 |
) |
|
|
5,126 |
|
|
|
(34,150 |
) |
|
|
(15,468 |
) |
|
Cash, cash equivalents and restricted cash: |
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
Beginning |
|
|
65,299 |
|
|
|
85,915 |
|
|
|
96,700 |
|
|
|
106,509 |
|
|
Ending |
|
$ |
62,550 |
|
|
$ |
91,041 |
|
|
$ |
62,550 |
|
|
$ |
91,041 |
|
View source version on businesswire.com: https://www.businesswire.com/news/home/20251104559864/en/
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