TelevisaUnivision Revenue Falls in Q3

Total revenues at TelevisaUnivision fell 3 percent in the third quarter to $1.3 billion, though subscription and licensing revenues grew to $493 million.

“Our history is one of purpose, progress and partnership with an audience that continues to shape the future of this country and beyond,” said Daniel Alegre, CEO of TelevisaUnivision. “TelevisaUnivision stands as the voice of all Hispanics around the world. Our third-quarter results demonstrate the disciplined execution of our reimagined content strategy and the continued momentum of ViX as a key growth engine. Our leadership is further cemented by the audience we serve—wielding outsized influence in the U.S., unrivaled in Mexico and driving cultural and commercial impact around the world.”

The 3 percent growth in subscription and licensing revenue was driven by ViX’s premium tier and higher content licensing revenue, partially offset by linear subscription declines, primarily related to the renewal cycle with a key distribution partner in Mexico.

Ad revenues declined 6 percent to $755 million. In the U.S., advertising revenues declined to $428 million as growth in DTC was more than offset by softness in linear. In Mexico, however, ad revenues increased by 3 percent to $327 million, driven by growth in DTC.