Kingdom Capital Advisors re-established a position in Entravision Communications Corporation during the second quarter of 2026, citing the growing value of its ad-tech platform Smadex. The firm noted that Smadex generated $34 million in operating income in the first quarter and grew revenue more than 200%, with the market assigning it a single-digit earnings multiple. Kingdom Capital estimates Smadex alone could be worth $15 to $20 per share, pointing to Walmart's acquisition of competitor Vibe for over $1 billion despite Vibe having less than a third of Smadex's revenue. Entravision's consolidated revenue increased 114% year-over-year to $197 million in the first quarter of 2026, and its shares gained 383.20% over the past 52 weeks, closing at $12.08 on July 9 with a market capitalization of $1.11 billion.
Entravision CommunicationsKingdom Capital re-entered Entravision, highlighting Smadex's strong growth and valuation, which supports the stock.
Walmart Inc.