The stack of money brought home by Hispanic multimedia leader Univision in Q1 2015 was just about the same height as it was in Q1 2014—and it enjoyed a nice increase on the margin side of the equation.
The revenue bump was no thanks to radio, however.
Overall, revenue was up 0.6% to $624.7M. The media networks segment accounted for $560.9 of that, up 1.6%, while radio suffered a 7.4% loss to $63.8M.
The OIBDA number was up 9.1% to $274.2M, and this time radio was not a drag. In fact, media networks and radio were up an identical 7.8%, to $276.2M and $16.5M respectively.
Net income was measured in red ink, a loss of $139.8M, compared to the marginal $6.2M of positive income reported the year prior.
“We continued to make significant progress during the first quarter to extend our brand and content across platforms, leveraging our position as the leader in Hispanic media,” said Randy Falco, president and CEO of Univision Communications Inc. “We signed several distribution deals during the quarter – including agreements with Sling-TV, the National Basketball Association, Hulu and Suddenlink – all of which we expect will broaden our reach and build upon our multiplatform strategy. We’re extremely pleased with these achievements and our current ratings performance and operating momentum – which we believe position us well for the year ahead and for the Upfront season.”
