Univision Posts Strong Q3 Results

NEW YORK: Univision Communications saw its revenue increase 1.7 percent to $584.6 million for the third quarter of 2011, with a quarterly profit of $290 million, compared to the year-ago’s $44.1 million.

Adjusted operating income before depreciation and amortization (OIBDA) increased 1.9 percent to $236.2 million in the third quarter of 2011 from $231.7 million in 2010. During Q3, Univision ranked as the number one network among adults 18 to 34 in broadcast prime time. TeleFutura Network and Galavisión Network also had solid Q3 rankings. Online was another area Univision excelled in. During the third quarter, Univision Interactive Media generated more than 140 million visits to its online sites and movile offerings combined, an increase of 40 percent on Q3 2010.

Randy Falco, the president and CEO of Univisio,n said, “Univision’s solid third quarter results reflect the continuing strength of our multi-platform properties, including our flagship television network, which beat ABC, CBS, NBC and FOX to rank number one in prime time among Adults 18-34 for the entire third quarter. Our performance extends beyond our ratings success and financial results. In the nine months since our landmark agreement with Televisa, Univision has positioned itself to harness the full power of our expanded content, capabilities and resources to diversify revenue streams. In addition, we have been managing expenses in a challenging macroeconomic environment and capitalizing on the groundswell of advertiser demand following the 2010 Census.”

Falco continued, “As we move into the fourth quarter and 2012, we are focused on advancing our momentum with retransmission consent negotiations and the expansion of our multiplatform content monetization strategy. Our recent agreement with leading over-the-top distributor, Hulu, is just the first of many steps we are taking to ensure that we anticipate the ever-changing media consumption habits of Hispanic consumers and seed the ground for future revenue growth.”