Entravision (NYSE:EVC) shares were virtually unchanged Wednesday, as the technology company has entered into a sales partnership with Snap Inc. The partnership aims to leverage Snap’s innovative advertising solutions and consumer reach in emerging markets such as South Korea, Vietnam and the Philippines.
Snapchat continues to grow its community and business operations across Asia-Pacific and this strategic partnership with Entravision will enable brands in these new markets to engage with Snapchatters around the world. Through innovative technology and advertiser solutions, Snapchat allows brands and marketers to connect with 750 million users per month.
“At Entravision, we believe in the transformative power of strategic partnerships, and we are unwavering in our commitment to this part of our business,” said Victor Kong, President of Entravision Global Partnerships. “Through our representations, we empower the businesses of thousands of clients, and our mission is to continue to expand and grow organically in markets where we currently have a strong presence. We are excited to collaborate with Snap as we recognize the vast business opportunities it holds for our clients.”
Entravision is a global advertising solutions, media and technology company. Over the past three decades, we have strategically evolved into a digital powerhouse, expertly connecting brands to consumers in the U.S., Latin America, Europe, Asia and Africa. Our digital segment, the company’s largest by revenue, offers a full suite of end-to-end advertising services. We have commercial partnerships with Meta, X Corp. (formerly known as Twitter), TikTok, and Spotify.
EVC shares shed a penny to $4.03.
