“We’re incredibly pleased to see the continued progress of TelevisaUnivision’s transformation with solid third quarter results that underscore growth across our major revenue streams, in all geographies,” CEO Wade Davis said with the release of the privately held company’s third quarter 2022 financial results.
How did its radio and television stations perform, fiscally, during the quarter?
U.S. and Mexico breakouts were offered for all of TelevisaUnivision’s assets, but no detailed financial information was provided for radio versus television; that stopped with Televisa’s merger with Univision Communications.
For the three-month period ending September 30, total U.S. revenue grew by 2%, moving to $769.3 million from $754.7 million. Subscription and licensing revenue fueled the increase, rising 7% to $296.3 million from $278 million. Advertising revenue increased by 5%, to $463.4 million from $442.7 million.
As Davis sees it, Q3 marked “a historic turning point” in TelevisaUnivision’s digital transformation, with the full launch of both the free ad-supported and premium subscription tiers of the ViX streaming service seen. “I am thrilled with our progress and am looking forward to a very strong Q4 to close out a great year for TelevisaUnivision,” Davis said.
Strengths for TelevisaUnivision in the U.S. in Q3 include Advanced Marketing Solutions growth, which increased more than 50% and was driven by growth in streaming.
On an overall basis, Univision Communications Inc. revenue grew to $1.15 billion from $754.7 million, but net income was statistically flat at $33.6 million, up just $100,000 year-over-year.
Adjusted OIBDA moved to $410.9 million from $264.9 million.
