Radio Revenues Fall But Overall Numbers Rise For Univision In Fourth Quarter
February 10, 2015 at 5:36 AM (PT)
UNIVISION COMMUNICATIONS INC. fourth quarter 2014 net revenue increased 4.5% to $727.7 million and adjusted operating income before depreciation and amortization (OIBDA) increased 13.5% to $336.2 million. Radio revenue, on the other hand, fell 1.3% to $80.5 million, taking the full-year figure down 8.4% to $302 million; Radio OIBDA fell 5% for the quarter to $30.1 million and 13.6% for the year to $95.2 million.
Pres./CEO RANDY FALCO said, “As a mission-driven company, we continue to focus on driving consumer engagement, empowering our audience and delivering culturally relevant content across our platforms throughout UNIVISION COMMUNICATIONS. This focus allowed us to drive innovation and deliver strong financial performance, including revenue and OIBDA growth in 2014. In 2014, we estimate, based on external and internal sources, that we expanded our reach across all platforms on average to 45 million consumers monthly, not including our estimated WORLD CUP reach, representing a 10.1% increase from 2013. The combined networks of UNIVISION NETWORK, UNIMAÌS, GALAVISIOÌN and UNIVISION DEPORTES had the combined highest share of Spanish-language prime-time television viewing in 2014. We launched UNIVISION MOBILE, LA FABRICA and THE FLAMA.COM while increasing the reach of UDN, FUSION and EL REY. Our results across properties speak to our dedication to invest, innovate and bolster our digital, entertainment, news and sports offerings.”