TelevisaUnivision in First-Quarter Earnings Advertising Report – The Hollywood Reporter

Spanish-language TV powerhouse TelevisaUnivision mentioned on Tuesday that its income would have elevated 12.2 % to greater than $1 billion within the first quarter when its mixed enterprise created by a $4.8 billion mega-merger on the finish of January.

The enormous, which mixes the belongings of U.S. Spanish-language media agency Univision with the content material and manufacturing belongings of Mexican TV large Televisa, is led by CEO Wade Davis, a former CFO of what on the time was Viacom, with Alfonso de Angoitia serving as government chair of the board. It reported professional forma outcomes for the primary quarter that “assume that the Televisa content material enterprise acquisition occurred on January 1, 2021.”

TelevisaUnivision’s promoting income within the first quarter elevated 12.0 % on that foundation to $569 million, together with a 14.3 % achieve in U.S. promoting income, “pushed by the very profitable 2021/2022 upfront, which had the very best quantity and worth development within the firm’s historical past, new model activations, development in beforehand low-volume accounts and enhancements in all main sectors.” Subscription and licensing income rose 14.3 % to $407 million.

Professional-forma working revenue earlier than depreciation and amortization, a key profitability metric, reached $397 million, in contrast with $372 million within the year-ago interval. Quarterly earnings, for which the corporate didn’t present pro-forma figures, got here in at $36 million, in contrast with $66 million within the year-ago interval.

The corporate launched streaming service VIX, a free, advertising-supported video on demand service, on the finish of March and is making ready for the launch of subscription VOD service VIX+ within the second half of 2022.

“Our first quarter of 2022 clearly demonstrated the nice potential of our now mixed firm,” mentioned Davis. “We proceed to maneuver ahead because the fastest-growing media and leisure firm. We’re seeing improbable outcomes throughout the board, together with advert gross sales and distribution income rising double digits, which makes us very optimistic about the remainder of the 12 months.”

Concerning the agency’s streaming technique, he mentioned: “On March 31, 2022, we unveiled our streaming service, ViX, introducing our promoting VOD tier to large pleasure, and that is just the start. Our growth-oriented technique is supported by scores growing 23 % (at) the Univision community, the very best amongst all main U.S. networks. In Mexico, we additional distanced ourselves from the competitors with 60 % market share of weekday broadcast. I’m ecstatic to construct upon this momentum with a world-class staff that’s already working as one.”

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