Univision Q2 Revenues Up, But Radio Down
July 23, 2014 at 4:44 AM (PT)
UNIVISION COMMUNICATIONS INC. second-quarter net revenue increased 23.2% to $833.7 millionand adjusted operating income before depreciation and amortization (OIBDA) increased 17.7% to $351.1 million. The radio division, however, saw net revenue decrease 15.7% to $75.6 million and OIBDA off 21.6% to $24.0 million. The radio drop was blamed on the WORLD CUP, which negatively impacted net advertising revenue by an estimated $5.6 million by diverting sales to television.
Pres./CEO RANDY FALCO said, “Our strong second-quarter results cemented a great first half of the year for UNIVISION COMMUNICATIONS INC.. During the quarter, UNIVISION’s excellent FIFA 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 #1 Spanish-language cable sports network, UNIVISION DEPORTES, which will continue to provide 24/7 sports coverage year-round. 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.”