TelevisaUnivision Sees Q2 Revenue Rise

Consolidated revenue grew 11 percent to $1.1 billion at TelevisaUnivision in its second quarter, with a double-digit gain in ad revenue.

Advertising revenue increased 11 percent, driven by strong Upfronts in both the U.S. and Mexico, market share increases and growth in both linear and streaming. In the U.S., advertising revenue increased 10 percent, while in Mexico, advertising revenue increased 14 percent.

Subscription and licensing revenue increased 10 percent in total, and 10 percent in each of the U.S. and Mexico. The increase was primarily due to revenue growth from virtual MVPDs, following carriage at YouTube TV that began in Q3 2021.

Total operating expenses grew 24 percent to $723 million, driven by investments in streaming following the launch of the ViX AVOD service on March 31 and ahead of the ViX+ SVOD service launch on July 21. Adjusted OIBDA decreased 8 percent.

Overall, TelevisaUnivision reported a loss of $7.5 million for the three months to June 30, compared with a profit of $54.4 million in the year-prior period.

“Double-digit revenue growth in the second quarter caps off a stellar first half of 2022,” said Wade Davis, CEO of TelevisaUnivision. “The second quarter saw a historic quarter of ad sales growth in Mexico and a U.S. Upfront that grew mid-teens to the highest volume we have had in seven years. In the U.S., I’m thrilled to see advertisers demonstrating their commitment to support and grow with U.S. Hispanic audiences. This growth allowed us to fund the launch of both ViX and ViX+ in the first half of 2022 without any material decline in EBITDA. The fact that the growth of our core business can fund our investments in streaming highlights the power of our unique assets and the quality and focus of our execution. With our full streaming service launched, we are poised to supercharge the already impressive growth of our core business with the massive global Spanish-language streaming opportunity. We are just getting started on executing on our vision, and I am excited about what’s ahead for TelevisaUnivision.”