Univision Q3 Revs Up 5.2%, But Radio's Down 12.3%
October 30, 2014 at 3:53 AM (PT)
UNIVISION COMMUNICATIONS has released financial results for the third quarter ended SEPTEMBER 30th, 2014.
For Q3, net revenue increased 5.2% to $728.9 million compared to $692.7 million for the same period in 2013 and adjusted operating income before depreciation and amortization (“OIBDA”)1 increased 4.4% to $315.1 million compared to $301.8 million for the same period in 2013.
For the nine months ended SEPTEMBER 30th, 2014, net revenue increased 13.1% to $2,183.7 million compared to $1,931.2 million for the same period in 2013 and OIBDA increased 11.3% to $917.6 million compared to $824.3 million for the same period in 2013.
During the third quarter and nine months ended SEPTEMBER 30th, 2014, the company noted, "the 2014 FÉDÉRATION INTERNATIONALE DE FOOTBALL ASSOCIATION (“FIFA”) WORLD CUP contributed an estimated $54.1 million and $174.2 million of incremental net advertising revenue, respectively, and an estimated $3.1 million and $21.9 million of OIBDA, respectively.
Pres./CEO RANDY FALCO commented, “Our strategy of providing a UNIVISION branded experience to our audience everywhere continues to differentiate UNIVISION COMMUNICATIONS’ position in a very competitive and rapidly changing media environment. Today, we have 16 broadcast, cable and digital networks that are expanding our reach and connecting us with a young, tech-savvy, and politically and economically influential audience. Coupled with our content spanning across entertainment, sports, news and music, many of our offerings continue to attract audiences who are not only younger than our competitors, but also watch live and are frequently engaged with us across linear, digital and social platforms -- and in many instances are watching UNIVISION exclusively.”
For Q3, net revenue decreased 12.3% to $78.9 million compared to $90.0 million in 2013 and OIBDA decreased 26.3% to $25.5 million compared to $34.6 million in 2013. For the nine months ended SEPTEMBER 30th, 2014, net revenue decreased 10.7% to $221.5 million compared to $248.1 million in 2013 and OIBDA decreased 17.1% to $65.1 million compared to $78.5 million in 2013. The 2014 FIFA WORLD CUP negatively impacted net advertising revenue by an estimated $1.9 million and $7.5 million for the third quarter and nine months ended SEPTEMBER 30th, 2014, respectively.