超视野传播 2025年度报告

the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for thepast 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or anemerging growth company. See the definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company” and “emerging growth company” inRule 12b-2 of the Exchange Act. ☐Accelerated filer☐Emerging growth company☒ Large accelerated filer Non-accelerated filer Smaller reporting companyIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its auditreport.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filingreflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received byany of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ The aggregate market value of the voting and non-voting common equity held by non-affiliates as of June 30, 2025 was approximately $167,134,380 (basedupon the closing price for shares of the registrant’s Class A common stock as reported by The New York Stock Exchange for the last trading date prior to that date). Portions of the registrant’s Proxy Statement for the 2026 Annual Meeting of Stockholders scheduled to be held on May 28, 2026 are incorporated by a referencein Part III hereof. ENTRAVISION COMMUNICATIONS CORPORATION FORM 10-K FOR THE FISCAL YEAR ENDED DECEMBER 31, 2025TABLE OF CONTENTS PART I ITEM 1.BUSINESSITEM 1A.RISK FACTORSITEM 1B.UNRESOLVED STAFF COMMENTSITEM 1C.CYBERSECURITYITEM 2.PROPERTIESITEM 3.LEGAL PROCEEDINGSITEM 4.MINE SAFETY DISCLOSURES 152424242525PART IIITEM 5.MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS ANDISSUER PURCHASES OF EQUITY SECURITIES26ITEM 6.RESERVED27ITEM 7.MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OFOPERATIONS28ITEM 7A.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK37ITEM 8.FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA37ITEM 9.CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIALDISCLOSURE37ITEM 9A.CONTROLS AND PROCEDURES38ITEM 9B.OTHER INFORMATION38ITEM 9C.DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS38PART IIIITEM 10.DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE39ITEM 11.EXECUTIVE COMPENSATION39ITEM 12.SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATEDSTOCKHOLDER MATTERS39ITEM 13.CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE39ITEM 14.PRINCIPAL ACCOUNTANT FEES AND SERVICES39PART IVITEM 15.EXHIBITS AND FINANCIAL STATEMENT SCHEDULES40ITEM 16.FORM 10-K SUMMARY42SIGNATURES43POWER OF ATTORNEY43 GENERAL NOTE As discussed in more detail throughout this report, during the second quarter of 2024 we sold our Entravision GlobalPartners, or EGP, business. Unless the context indicates otherwise, references throughout this report to discontinued operationsrefer to EGP prior to its sale. Effective July 1, 2024, we realigned our operating segments into two segments – media and advertising technology &services, or ATS – consistent with our current operational and management structure. Our reportable segments are the same as ouroperating segments. Prior periods have been recast to conform to this presentation throughout this report. See “Management’sDiscussion and Analysis of Results of Operations” and Note 2 to Notes to Consolidated Financial Statements. FORWARD-LOOKING STATEMENTS This document contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of1995, Section 27A of the Securities Act of 1933, as amended, or the Se