Entravision Says On Mar. 4 Received A Communication From Meta That It Intends To Wind Down Its ASP Program Globally And End Its Relationship With All Of Its ASPs, Including Entravision, By Jul. 1; Co. Estimates Meta's ASP Program Represented $586.4M Of Co.'s $1,106.9M In Total Consolidated Revenue
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Entravision announced that Meta plans to terminate its ASP Program globally by July 1, affecting all ASPs including Entravision. This program accounted for $586.4M of Entravision's $1,106.9M total revenue.
March 05, 2024 | 9:56 pm
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Meta's decision to end its ASP Program, which contributes $586.4M to Entravision's revenue, could significantly impact Entravision's financial performance.
Meta's termination of the ASP Program directly impacts Entravision, as the program constitutes a significant portion of its revenue. The loss of this revenue stream is likely to negatively affect Entravision's financial health and stock price in the short term.
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