Univision Overall Q1 Revenue Up, But Radio Falls
May 5, 2016 at 2:46 PM (PT)
UNIVISION COMMUNICATIONS INC. first-quarter total revenue rose 5.7% to $660.4 million; excluding political/advocacy ad revenue and content licensing revenue, revenue increased 7.6% to $648.9 million. The radio division, however, fell 6.8% to $56.3 million, primarily due to a decline in national ad revenue. Adjusted OIBDA overall increased 11.1% to $296.2 million, but for radio, OIBDA fell 2.6% to $14.9 million. Net income rose $205.4 million to $65.7 million.
Pres./CEO RANDY FALCO said, “We have started 2016 with strong results for the first quarter, delivering 11.1% Adjusted OIBDA growth and 5.7% total revenue growth from 2015. In the quarter we celebrated the 4th anniversary of the launch of UDN, the number one sports cable network for U.S. Hispanics and our news division had leading coverage of events impacting our community including the most watched presidential debate by U.S. Hispanics.
"Over the last five years we have taken great strides to diversify our portfolio of assets, the audience we reach and our revenue streams. We have been laser-focused on broadening our content offering by expanding our distribution platforms and our digital portfolio and building on our Enterprise products and services division and community empowerment initiatives which all serve to reinforce our unique relationship with our audience. We remain focused on our strategy to enhance our multimedia offerings across platforms and inform, entertain and empower the communities we serve.”