Univision Communications Releases 2018 Fourth Quarter Results

Q4 And YTD Financials

UNIVISION COMMUNICATIONS has released financial results for the fourth quarter and year ended DECEMBER 31, 2018.

“UNIVISION serves a unique audience,” said CEO VINCE SADUSKY. “Hispanic AMERICA is driving population and GDP growth and will continue to do so for decades. Our strategic focus on serving this core audience has recently resulted in viewership growth, as from the third to fourth quarter, we saw increases in our primetime ratings in all key demographics at a time when all other major networks experienced declines. Our ratings resurgence was fueled by a more diversified, modernized programming line-up, which has provided Univision with a powerful springboard in 2019 to offer our distribution and advertising partners even greater value. I’m grateful to all our teams across Univision for their dedication, focus and passion to serve our audience.”

Continuing Operations Results - Fourth Quarter 2018 Compared To Fourth Quarter 2017

• Total revenue decreased 8.9% to $688.5 million from $755.5 million. Total core revenue decreased 8.7% to
• $659.0 million from $721.5 million.
• (Loss) income from continuing operations was a loss of $40.2 million compared to income of $390.0 million.
• Adjusted OIBDA decreased 34.0% to $229.0 million from $346.8 million. Adjusted Core OIBDA decreased 28.2% to $205.8 million from $286.6 million.
• The Company continued to deleverage and has reduced total indebtedness, net of cash and cash equivalents by $210.5 million for the fourth quarter of 2018.

Continuing Operations Results – Full Year 2018 Compared To Full Year 2017

• Total revenue decreased 7.6% to $2,713.8 million from $2,937.3 million. Total core revenue decreased 5.4% to $2,674.2 million from $2,827.3 million.
• Income from continuing operations was $149.7 million compared to $672.5 million.
• Adjusted OIBDA decreased 21.9% to $1,022.8 million from $1,310.2 million. Adjusted Core OIBDA decreased 11.8% to $990.6 million from $1,123.5 million.
• The Company continued to deleverage and has reduced total indebtedness, net of cash and cash equivalents by $547.0 million for the full year 2018

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