Univision Q3 Revenues Jump
November 7, 2007 at 5:35 AM (PT)
UNIVISION third quarter net revenue rose 9.8% to $529.1 million, excluding 2006 WORLD CUP-related revenues (and up 4.4% with them included). The company's net income fell from $88.4 million to a loss of $87.2 million. UNIVISION RADIO saw revenue jump 7% to $110.8 million. UNIVISION is no longer publicly traded after being taken private earlier this year.
CEO JOE UVA said, "I am extremely pleased that Univision has continued the positive momentum of last quarter, producing third quarter operational and financial results that demonstrate strengthened fundamentals and, combined with last quarter's gains, solidify our platform for future growth across all of our core businesses. During the quarter, the Univision Network ranked as the #3 broadcast network in the country in primetime for the entire quarter, with a young adult audience larger than CBS, ABC and CW. UNIVISION RADIO has sustained very strong revenue growth, while UNIVISION.COM continued to grow in strides, underscoring its position as the #1 Internet destination among Hispanics."
The company is also partnering with the AMERICAN RED CROSS for fundraising efforts to aid victims of flooding in MEXICO, the DOMINICAN REPUBLIC, and CENTRAL AMERICA. The campaign will use UNIVISION's TV, radio, and online platforms to raise funds and awareness.