Univision Q1 profit leaps on ad sales

Earnings Brief

Spanish-language broadcaster Univision’s first quarter profit jumped 21% to $54 million on robust ad sales.

Revenue grew 4% to $450 million, said the Los Angeles company, which is in the process of selling itself.

Bids are said to be due mid-month.

Revenue from Univision’s three networks — Univision, Galavision and Telefutura — was $323 million, up from $294 million a year earlier.

Univision TV joined the Nielsens in late December.

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