Entravision shares surge 92% after first-quarter profit and revenue growth
Updated
Updated · MarketWatch · May 6
Entravision shares surge 92% after first-quarter profit and revenue growth
8 articles · Updated · MarketWatch · May 6
The stock rose to $7.65 on Wednesday after touching a 52-week high, as the company posted $12.4 million profit versus a $48 million loss a year earlier.
First-quarter revenue more than doubled to $197 million from $91.9 million, led by advertising technology and services revenue jumping to $154.6 million from $50.9 million.
Media segment revenue rose 4% to $42.4 million, and the shares have gained more than 150% so far this year.
Why are Entravision executives selling their shares so heavily after a record-breaking quarter?
With one Asian client driving 36% of revenue, how vulnerable is Entravision's spectacular growth?