Simple odds are it does exist.
But the question is does it break into a civilised stage and does it survive it?
A lot of evolutionary lotto wins had to fall into place for humanity to get where it is, for example, walking upright, opposable thumbs, mastering tools, not getting wiped out by and asteroid (a la dinosaurs), having the right atmospheric conditions to develop chemical and electrical skills etc etc.
Then theres the timeline odds: an entire race might have evolved, developed, sent out radio signals, and died again and we could easily have missed it.
The odds are yes there is ET's, but the odds are extremely slim of us co-existing in the right timeframe and communicating over the distance.