TelevisaUnivision posted first-quarter revenues of $1 billion, a 12.2 percent year-on-year improvement.<\/p>\n
The merger of the Mexican media giant and the U.S. Hispanic broadcasting group closed on January 31, 2022.<\/p>\n
\u201cOur first quarter of 2022 clearly demonstrated the great potential of our now combined company,\u201d said CEO Wade Davis. \u201cWe continue to move forward as the fastest growing media and entertainment company. We\u2019re seeing fantastic results across the board, including ad sales and distribution revenue growing double digits, which makes us very optimistic about the rest of the year. On March 31, 2022, we unveiled our streaming service, ViX, introducing our AVOD tier to tremendous excitement, and this is just the beginning. Our growth-oriented strategy is supported by ratings increasing 23 percent in the Univision network, the highest among all major U.S. networks. In Mexico, we further distanced ourselves from the competition with 60 percent market share of weekday broadcast. I am ecstatic to build upon this momentum with a world-class team that is already working as one.\u201d<\/p>\n
Ad revenues in the period rose 12 percent to $569 million, while subscription and licensing revenues were up 14.3 percent to $407 million.<\/p>\n","protected":false},"excerpt":{"rendered":"
TelevisaUnivision posted first-quarter revenues of $1 billion, a 12.2 percent year-on-year improvement.<\/p>\n","protected":false},"author":290,"featured_media":4468,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[966],"class_list":["post-4467","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-top-stories","tag-televisaunivision"],"yoast_head":"\n