As it reported its Q4 and full-year 2017 earnings, Entravision cited digital, and in particular the acquisition of Headway, a data and digital marketing provider, for a net revenue increase of 5 percent in the fourth quarter to $73.4 million from $70.3 million in Q4 2016. The gain was partly offset by a 15 percent decrease in the radio segment, to $36 million from $43.3 million, due to decreases in local and national ad revenue and lack of political spending. TV was also down quarter-over-quarter, with revenue dropping 17 percent, to $17.1 million from $20.2 million; that was partly offset by revenue from retransmission consent. Digital, meanwhile, rose 204 percent in Q4, to $20.3 million from $6.7 million.
For full-year 2017, Entravision’s total net revenue was up 107 percent, to $536 million from $258.5 million, and net income rose 764 percent, from $20.4 million to $176.3 million. Entravision brought in $263.9 million from spectrum usage rights in 2017, revenue it did not have in 2016. Digital was up 147 percent on the year, including $34 million attributable to Headway.
TV income fell 7 percent year-over-year, to $148.1 million from $159.5 million, while radio was down 12 percent, to $66.9 million from $75.8 million.
Digital rose 147 percent year-over-year, to $57.1 million from $23.1 million in 2016. Net revenue overall came in at $536 million, up 107 percent from $258.5 million.
