World Cup Boosts Univision Results

NEW YORK: Univision Communications' broadcast of the World Cup helped lift its second-quarter revenues by 23.2 percent to $833.7 million, with net profit more than doubling to $98.3 million.

The Hispanic broadcaster says that for the quarter ended June 30, 2014, the World Cup contributed $115.5 million in net ad revenues. Randy Falco, the president and CEO, said the World Cup results "were a testament of our ongoing strategy of delivering relevant content across all of our platforms and to the outstanding teams we have built in sports, entertainment and news. In particular, this event allowed us to showcase our sports division, anchored by the number one Spanish-language cable sports network, Univision Deportes, which will continue to provide 24/7 sports coverage year-round."

Falco continued: "Furthermore, as we move into the second half of 2014, we’re encouraged by the early results from Upfront, which indicate that marketers are increasingly looking to Univision for our leading integrated offerings across different platforms. We are confident that we remain well-positioned to maintain high audience engagement, and we believe that we will be able to realize revenue growth and continue to execute upon all of our strategic growth initiatives for 2014.”