Univision Overall Q4 Revenue Up, But Radio Takes A Hit
February 23, 2016 at 2:50 PM (PT)
UNIVISION COMMUNICATIONS INC. total fourth-quarter revenue increased 1.1% to $735.9 million, and, excluding political/advocacy advertising revenue and content licensing revenue for comparability, rose 3.6% to $708.6 million. However, the radio division's revenues fell 13% to $24.1 million (off 9.1% excluding political/advocacy ad revenue and content licensing revenue), with the slip blamed on advertising market declines. Non-advertising revenue for radio fell 48.6% to $3.7 million. Adjusted OIBDA increased 2.7% to $335.2 million (up 8.7% excluding political/advocacy ad revenue and content licensing revenue).
“We continued to deliver strong results in the fourth quarter and for the full year, we delivered record EBITDA of over $1.3 billion, a 7% increase from 2014 driven by EBITDA growth in Media Networks. In addition, we expanded our total unduplicated average monthly audience reach to 49 million media consumers across platforms – a 9% increase over the same period last year,” said Pres./CEO RANDY FALCO. “As the most trusted brand in Hispanic AMERICA, we remain focused on delivering a Univision branded experience to our audience across our multiple platforms, including our strengthened cable portfolio and new direct-to-consumer offerings such as UNIVISION NOW. As we look ahead, we are focused on continuing to drive innovation and enhance our distribution platform as we inform, entertain and empower a young, dynamic multicultural community that has increasing political and economic influence.”