<\/p>\n
\n\tSpanish-language media giant TelevisaUnivision said it posted a loss within the second quarter despite a swell of revenue from its rights to air the World Cup in Mexico, an indication of the challenges the corporate, formed from the mix of Univision within the U.S. and Grupo Televisa in Mexico, continues to face.<\/p>\n
\n\tThe corporate posted a lack of greater than $10 million on revenue of nearly $1.33 billion. Revenue for the period soared 10%, compared with $1.21 billion within the year-earlier period. TelevisaUnivision attributed much of the rise to promoting and licensing fees related to its Mexican sports rights.<\/p>\n
\n\tIndeed, promoting from operations in Mexico rose 19%, driven largely by commercials tied to telecasts of FIFA World Cup, compared with lackluster ends in the U.S,. where promoting revenue slumped 22%. Overall ad revenue fell 9% throughout the period. TelevisaUnivision in April replaced its ad-sales chief, just days before holding its annual \u201cupfront\u201d presentation. <\/p>\n
\n\tSubscription and licensing revenue rose 40% throughout the second quarter, to $621 million. Roughly $90 million in revenue got here from sublicensing the corporate\u2019s FIFA World Cup rights to media properties in other Spanish-speaking Latin American countries.<\/p>\n
\n\tTelevisaUnivision has been working to bolster its balance sheet\u00a0since Wade Davis, the previous Viacom CFO who orchestrated a buyout of Univision in 2020, ceded his CEO role to Daniel Alegre, a former senior executive at Activision Blizzard. \u00a0Since\u00a0Alegre\u00a0joined in 2024, TelevisaUnivision has worked to streamline operations that had previously been siloed by geographic region. <\/p>\n
\n\tIn an announcement, Alegre gave credit to the ability of the soccer spectacle. \u201cThe tournament reinforced why
soccer is a cornerstone of our strategy and why we’re the \u2018Home of Soccer\u2019 for Hispanics. Sports, along with our continued investments in live events and premium entertainment, be sure that we remain the destination for culturally relevant moments that matter,\u201d the manager said. \u201cCombined with our unique connection to our audience and the importance of our platforms heading into the U.S. election cycle, this momentum positions us well to drive sustained profitability while creating even greater value for our audiences, advertisers, and partners.\u201d<\/p>\n
\n\tOperating expenses increased 16% to $940 million, mainly driven by sports costs related to the FIFA World Cup. Operating income was $224 million, a decrease of $17 million versus prior yr, which the corporate attributed to higher direct operating expenses.<\/p>\n<\/div>\n
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Spanish-language media giant TelevisaUnivision said it posted a loss within the second quarter despite a swell of revenue from its rights to air the World Cup in Mexico, an indication of the challenges the corporate, formed from the mix of Univision within the U.S. and Grupo Televisa in Mexico, continues to face. The corporate posted […]<\/p>\n","protected":false},"author":1,"featured_media":370810,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20669],"tags":[474,1060,670,3400,5708,11481,813],"class_list":["post-370809","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hollywood","tag-boost","tag-cup","tag-loss","tag-mexico","tag-posts","tag-televisaunivision","tag-world"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t