Univision Radio Revenue Falls In Third Quarter 2015
October 27, 2015 at 4:10 PM (PT)
UNIVISION COMMUNICATIONS INC. saw total revenue rise 10% year-to-year to $801.5 million for third quarter 2015. Excluding the impact of soccer's WORLD CUP in 2014 and the GOLD CUP in 2015 plus greater political ad revenue in 2014 and content licensing revenue and spectrum use fees gained in 2015, the increase was 8.4% to $710.8 million. As for radio, total revenue adjusted for soccer (with the WORLD CUP shifted to the TV side in 2014) and political ads (double in 2014 what they were in 2015) fell 8.7% to $71.8 million; radio ad revenue fell 7.2% to $68.1 million, and non-advertising revenue fell 28.8% to $3.7 million.
Pres./CEO RANDY FALCO said, “We reported record EBITDA in the third quarter. Our strong operational performance is powered by our unique relationship with our audience, our reach across platforms and our broad portfolio – which differentiates us from our competition and puts us in a strong position. Today, UNIVISION is the No. 1 destination for entertainment, sports and news among our country’s 57 million Hispanics and the leading multiplatform media company completely dedicated to serving this critical audience. It’s our differentiators that make us stand out in the industry, and together with our third quarter performance, we believe that we are positioned for continued growth.”