Univision Revenues Slip In Third Quarter
November 10, 2016 at 7:29 PM (PT)
UNIVISION COMMUNICATIONS INC. third quarter 2016 total revenue slid 8.3% to $734.8 million (adjusted for "comparability" by removing some soccer, political, and content licensing revenue and some revenue from support services provided to FUSION, down 1.7% to $698.5 million). Radio revenue fell 3.8% to $71.3 million (off 4.9% excluding political revenue); radio ad revenue was off 2.3% to $68.8 million (off 3.4% excluding political). Net loss narrowed from $109.8 million in third quarter 2015 to $30.5 million this year, including a non-cash impairment charge of $199.5 million mostly due to a write-down of the value of the company's radio licenses, compared to a non-cash impairment charge of $19.5 million in 2015.
“UCI continued to make significant investments in content and distribution in the quarter to engage a younger, more diverse audience,” said President/CEO RANDY FALCO. “Our strategic investments over the last few years have more than doubled our digital monthly uniques among U.S. Hispanics. The diversification of our content offerings across our Digital platforms, including digital acquisitions, and growth in our TV and Radio platforms has led to a 37% year-over-year increase in our average monthly unduplicated media consumers to an estimated nearly 89 million in the first nine months of this year. UNIVISION remains the heartbeat of Hispanic America, now serving a rapidly evolving audience with a variety of programming, in multiple languages and across various distribution platforms.”