Progress in U.S. promoting income and the sale of a gaggle of broadcast towers helped the Spanish-language big publish revenue development within the third quarter after the corporate changed its high govt in September.
The broadcaster, which owns the U.S. Univision broadcast community, stated third-quarter web revenue rose to $180.9 million, in contrast with $46.4 million a yr earlier. TelevisaUnivision stated asset gross sales generated greater than $160 million in proceeds throughout the interval.
The corporate additionally stated its direct-to-consumer enterprise, which incorporates its ViX streaming service, has been worthwhile since its launch two years in the past.
“We’re at a essential second in our improvement, the place we’ll deal with integrating our legacy firms right into a unified world entity,” Daniel Alegre, the corporate’s new chief govt, stated in ready remarks. “Our purpose is to evolve right into a content-first, platform-agnostic group that connects with our audiences irrespective of the place they’re.”
Former Viacom CFO Wade Davis orchestrated the acquisition of Univision in 2020 and merged it with Mexico’s Grupo Televisa in 2022 earlier than relinquishing the CEO function to Allego , after which Allegri took over the corporate. Allegri is president and chief working officer of Activision Blizzard, which was acquired by Microsoft for $69 billion final yr. Davis stays the corporate’s vice chairman.
TelevisaUnivision stated general income grew 2% to $1.3 billion regardless of headwinds within the firm’s Mexican enterprise. In america, political promoting drove general promoting income development by 5%, whereas subscription and licensing income elevated by 6%. In Mexico, promoting gross sales fell 1%, whereas subscription and licensing income fell 12%.
Working bills elevated 1% to $878 million, pushed by investments in ViX, growth of third-party advert gross sales operations in Mexico and better sports-related prices associated to the Copa America in america and Mexico and the Olympic Video games in Mexico.
