TelevisaUnivision posted a mixed set of first-quarter results, as CEO Daniel Alegre warned of U.S. competitive challenges in June and July from World Cup soccer airing on rival networks.
Total revenue across the U.S. and Mexico inched up 5% to $1.075 billion. Adjusted operating income before depreciation and amortization [OIBDA] fell 6% from the year-earlier period, coming in at $323.3 million. U.S. advertising slipped 12% to $309.9 million.
Subscription and licensing revenue in the U.S. gained 12% from a year ago to $384.7 million, with streaming flagship Vix continuing to gain ground and offset linear declines. The privately held TelevisaUnivision said Vix’s premium tier and higher average rates helped boost subscription and licensing revenue. A new carriage deal with Disney’s Hulu + Live TV was another plus, and Mexico also gains in content licensing driven by demand for the company’s sports rights.
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