TV revenues up, radio down for Univision


Univision saw strong growth n its TV revenues for Q4 and all of 2010. But on the radio side, the battle with Arbitron over PPM, since resolved, produced another quarter of revenue declines.

TV revenues shot up 13.3% in Q4 to $476 million, with operating income before depreciation and amortization (OIBDA) up 23.4% to $233.2 million. For the full year, TV revenues gained 16.7% to $1.86 billion and OIBDA gained 15.8% to $838.6 million.

Radio, however, reported a 1.3% revenue decline in Q4 to $82.6 million. Even so, costs were down and radio OIBDA rose 13.1% to $24.2 million. For the full year radio revenues were down 4.6% to $323.2 million and OIBDA declined 3.3% to $95.3 million.

Interactive media boosted revenues 49.6% in Q4 to $18.1 million and OIBDA skyrocketed 1,900% to $2 million (from only $100K a year earlier). Full year revenues were up 52.9% to $63 million and OIBDA gained 1,075% to $9.4 million (from $800K).

For the entire company, Q4 revenues were up 11.8% to $576.7 million and OIBDA improved 23.2% to $259.4 million. Full year revenues were up 13.8% to $2.25 billion and OIBDA rose 14.6% to $943.3 million.

In his conference call with bond analysts, CEO Joe Uva called 2010 a “very strong and transformational year for Univision.” The company’s balance sheet changes shored up its financials and gave management additional flexibility to run the businesses. In particular, he noted the new partnership with Televisa, which had the Mexican TV giant invest $1.2 billion in Univision, extend its program licensing agreement and give Univision exclusive online rights to Televisa programming in the US.