Entravision Communications is one of the largest groups of Spanish-language television and radio stations in the United States, owning and operating broadcast stations concentrated in high-density Latino markets and serving as the largest affiliate group for Spanish-language networks. The company operates through two main segments: a media business that generates revenue from broadcast advertising sales across television, radio, and digital channels, as well as retransmission and spectrum usage rights, and an advertising technology and services segment that provides programmatic advertising platforms and performance marketing solutions primarily to mobile app developers globally. The media segment faces industry headwinds from cord-cutting and shifting advertiser budgets toward digital, while the advertising technology segment operates in a competitive digital advertising market with ongoing margin pressure from demand for greater efficiency and cost reduction.