Entravision, an advertising solutions provider, completed the acquisition of 51% stake in Adsmurai, a social commerce and e-commerce marketing service provider, for €13m. "Operating expenses in the first quarter of 2023 totaled $52.6m, up 20% from $43.9m in the prior year period. This increase was primarily due to several factors. First, we had expenses attributable to our recent Adsmurai and Jack of Digital investments, which did not contribute to our financial results in the comparable period last year." Chris Young, Entravision Interim Chief Executive Officer and Chief Financial Officer.