Skip to content Skip to sidebar Skip to footer

TelevisaUnivision Nears Streaming Profit, Deciding Factor in Elections

Spanish-language media giant TelevisaUnivision reported virtually unchanged U.S. revenue of $739.9 million in the first quarter of 2024, as a 4 percent drop in “other” revenue was offset by subscription and licensing revenue, as well as advertising revenue that rose minimally. It also touted that its streaming business, which had ended 2023 with more than 7 million subscribers, would turn profitable by the back half of 2024.

Growth in streaming was “offset by some softness in linear networks,” the company said about its $399.4 million in U.S. ad revenue for the latest period.

In Mexico, quarterly advertising revenue jumped 19 percent to $249 million, “driven by private sector growth from both new and existing clients across linear and direct-to-consumer,” pushing the company’s total ad revenue for the latest period up 7 percent to $648…

Read the full article…