Spanish-language media giant TelevisaUnivision reported a 2 percent U.S. revenue gain to $835.5 million for the fourth quarter of 2024 and a 5 percent U.S. subscription and licensing revenue improvement to $346.5 million.
The company, led by CEO Daniel Alegre, said that its streaming business with its flagship service ViX posted another profit in the fourth quarter of 2024 after achieving profitability in the third quarter “after just two full years in the marketplace.” After having ended 2023 with more than 7 million subscribers and $700 million in annual revenue, “the direct-to-consumer (DTC) business generated $1 billion in revenue and positive adjusted operating income before depreciation and amortization (OIBDA) in ViX’s second full year of operation,” the company highlighted on Thursday.
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