Spanish-language media giant TelevisaUnivision reported a 6 percent U.S. revenue gain $852.4 million for the third quarter of 2024 as a 5 percent U.S. advertising revenue gain was driven by what it described as a third-quarter company record in political ad revenue.
The company said that its streaming business, which had ended 2023 with more than 7 million subscribers, “achieved profitability after just two full years in the marketplace” after previously saying it would turn profitable in the back half of 2024.
It didn’t immediately disclose full details but said that third-quarter subscription and licensing revenue increased 1 percent to $477.5 million, including 6 percent growth in the U.S. and a decline of 12 percent in Mexico. “In local currency, it declined 4 percent, reflecting a decline in content licensing and linear platform subscribers, partially offset by growth in ViX’s premium tier,” TelevisaUnivison said.
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