Entravision Communications Corp Partners with Match Group Inc
Entravision Communications Corp (EVC), in collaboration with Match Group Inc (MTCH), has formed an exclusive sales partnership across Africa. The financial details of the partnership were not disclosed.
Match Group, a leader in online dating applications, is renowned for its portfolio of popular brands such as Match, OkCupid, Tinder, and The League.
EVC Establishes a Locally-based Expert Team in South Africa
Under the terms of the agreement, EVC has assembled a dedicated team of local experts in South Africa. These experts will offer tools to enhance sales and assist customers in effectively deploying their advertising investments across various digital platforms.
“This partnership with Match Media Group highlights our commitment to providing advertisers with local strategic support, creative expertise, and a range of innovative advertising opportunities on the platform. We are witnessing a global dating renaissance, with online dating becoming the most popular method for singles to form new connections. We are excited to partner with Match Media Group in Africa to connect consumers with brands in an authentic and relevant manner,” stated Julian Jordaan, President of Entravision Africa.
Strong Financial Position of EVC
As of June 30, 2023, EVC’s cash and marketable securities totaled $126.5 million.
The last reported trading price for EVC shares was $3.76, reflecting a decrease of 1.83%.