Univision Revenue Dips In Second Quarter
August 6, 2015 at 7:03 AM (PT)
UNIVISION COMMUNICATIONS INC. second quarter 2015 revenue, excluding the estimated incremental impact of the 2014 WORLD CUP, decreased 3% to $696.3 million and adjusted operating income before depreciation and amortization increased 0.2% to $334.6 million. Total revenue, including the impact of the WORLD CUP, fell 16.5% to $696.3 million. Radio revenue, including the WORLD CUP for 2014, fell 6.8% to $72.5 million; excluding the WORLD CUP, revenue fell 13.1% to $72.5 million.
“During the 2015 second quarter, we continued to execute on our strategy to deliver a UNIVISION branded experience and target bilingual and millennial audiences with tailored ‘must-see’ content across platforms, which included signing a deal with NETFLIX to stream top UNIVISION and UNIMÁS content,” said President/CEO RANDY FALCO. “Given our extensive engagement with U.S. Hispanics – a demographic group which is over 57 million strong, rapidly growing and young, with more than an estimated $1.3 trillion in buying power – and our collection of strong media brands, we are well positioned in our industry and poised for future long-term growth. Recently, we took an important strategic step – reinforcing our long-time relationship with TELEVISA to extend our exclusive access to premium Spanish-language content of the largest media company in the Spanish speaking world. This effort along with other previously announced strategic initiatives will enable us to further our mission driven strategy, strengthen our competitive positioning and deepen the bond with our audience as we enter the second half of 2015.”
CFO FRANK LOPEZ-BALBOA said, “It is a privilege to join UNIVISION, an organization where the passion and drive of each and every employee connects us with our diverse client base. I want to thank RANDY and the rest of the outstanding management team for making my transition a seamless one and I look forward to working with UNIVISION’s best-in-class team during this important and exciting time for the company.”