TelevisaUnivision‘s revenue tumbled 11% in the first quarter compared with the year-ago period, but cost-cutting and progress in streaming lifted profits.
Adjusted operating income before depreciation and amortization (OIBDA) climbed 5% to $345 million in the quarter ended March 31. The Hispanic media giant credited “the optimization of our cost base” and profitability in its direct-to-consumer unit.
“Linear softness” and the absence of the Super Bowl in the quarter compared with the 2024 period dragged down revenue, the company said, as did the timing of distribution renewals in Mexico. Total revenue settled at $1.02 billion. Revenue in Mexico declined 23% to $315 million.
Excluding the Super Bowl, U.S. advertising revenue declined 6%.
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Media companies have begun reporting first-quarter earnings this week against a turbulent economic backdrop. Comcast on Thursday posted a 7% decline in domestic advertising. President Trump’s
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