12 Best Broadcasting Stocks to Buy Right Now

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10. Entravision Communications Corp. (NYSE:EVC)

Number of Hedge Fund Holders: 12

Entravision Communications Corp. (NYSE:EVC) is a Hispanic-focused media and technology company. It offers a range of advertising solutions, which include digital, television, and audio, tailored for Hispanic audiences across the US. Some of its key offerings include digital advertising platforms, television stations, and radio stations.

The broadcasting segment at the company demonstrated growth in Q3 2024,  with media segment revenue surging by 23% year-over-year, reaching $59.8 million. This was due to an increase in political advertising revenue. It achieved an increase in political revenue compared to 2022, which exceeded previous highs. This was due to the allocation of political advertising spending to Spanish language media in key races, surpassing the percentage of registered Latino voters.

The growth was further fueled by the successful expansion of news production capabilities, with the introduction of expanded news coverage across all markets and key weekend news broadcasts. The expanded news operation achieved profitability in its first full quarter. Media segment revenue for Q4 2024 is pacing at a 28% year-over-year increase, which positions Entravision Communications Corp. (NYSE:EVC) for continued success. Additionally, institutions own 54% of the company, which indicates significant institutional interest. However, this high ownership implies potential stock price volatility due to their trading activity.

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