Univision Revenue Down, Radio Off 1.9%

Q1 Results

UNIVISION COMMUNICATIONS has released financial results for the first quarter ended MARCH 31st.

“Hispanics are expected to continue to drive significant growth in jobs, GDP, household formation and voter turnout in America,” said CEO VINCE SADUSKY. “We are proud to have the most trusted brand in Hispanic America. Our reprioritization on our core assets drove sequential ratings growth in the first quarter, where the UNIVISION NETWORK extended its season-to-date ratings lead among Adults 18-49 to double digits over our nearest competitor in primetime. This represents the second consecutive quarter of sequential primetime ratings growth without DISH carriage. With our carriage dispute resolved and increased ratings, we are looking forward to showcasing UNIVISION’s exciting new programming slate during this Upfront season.”

The Highlights

• Revenue decreased 8.2% to $611.9 million from $666.2 million. 
• Core revenue  decreased 8.0% to $606.2 million from $658.9 million.
• Income from continuing operations  was $36.9 million compared to $56.2 million.
• Adjusted OIBDA decreased 19.6% to $204.3 million from $254.0 million. 
• Adjusted Core OIBDA decreased 19.4% to $200.2 million from $248.4 million.

Radio

• Revenue for the Radio segment for the first quarter 2019 decreased 1.9% to $51.3 million compared to $52.3 million for the same prior period.
• Advertising revenue for the Radio segment for the first quarter 2019 decreased 3.0% to $48.8 million from $50.3 million for the same prior period. 
• Core advertising revenue for our Radio segment decreased 2.5% to $47.0 million from $48.2 million.
• Non-advertising revenue for the Radio segment for the first quarter 2019 (primarily contractual revenue) increased to $2.5 million from $2.0 million for the same prior period.

« see more Net News