You will be redirected back to your article in seconds

Univision’s earnings up

World Cup kicks up 3Q profits

Univision Communications, which in September greenlit a $12.3 billion buyout by private investors led by Haim Saban, said Thursday that third-quarter net revenues rose 7.8% to $536 million year on year.

A strong Hispanic ad market and bonus revenues from its exclusive coverage of summer’s World Cup soccer tournament boosted results at the country’s top Spanish-language broadcaster.

Soccer contributed an estimated $24.7 million extra revenue to the quarter, ended Sept. 30.

Revenue at Univision’s TV business grew 14.8% to $394.2 million while operating income was up 23.3% to $159.6 million.

Univision TV beat ABC, CBS, NBC or Fox on four out of every five nights among adults 18-34 in primetime.

Its telenovela “La fea mas bella,” from Mexican content supplier Televisa, continues to lead in its overall ratings. Some of its local stations rank No. 1 in any language in primetime.

Among its other media properties, Univision Radio posted solid growth of 6.5% to $103 million while net revenues in its music business nearly halved to $29.5 million compared to last year due to a one-off payment.

Univision recently settled a suit with Disa Records by buying the 50% of the Mexico-based record firm that it didn’t own.  Univision bought its initial stake in 2001 with a provision to purchase the rest in five years. When it failed to so, Disa filed a breach of contract suit. With the purchase, Univision Music Group accounts for more than 40% of the Latin music market in the U.S.

Univision Online continues to report strong growth, remaining the No. 1 Spanish-language Web site since the first industry study of online Hispanics in 2001.

Univision agreed in June to a buyout by a consortium made up of Saban plus private equity firms Madison Dearborn Partners, Providence Equity Partners, Texas Pacific Group and Thomas H. Lee Partners. They edged out a bid from Univision’s programming partner and shareholder, Televisa.

Company said the acquisition was on track to be completed in the first quarter. With the deal pending, Univision said it would not provide earnings forecasts or conduct a conference call to discuss the results.

More Scene

  • Mr Chow 50th Anniversary celebration

    Mr. Chow 50th Anniversary Party Draws Stevie Wonder, Heidi Klum & More Stars

    Univision Communications, which in September greenlit a $12.3 billion buyout by private investors led by Haim Saban, said Thursday that third-quarter net revenues rose 7.8% to $536 million year on year. A strong Hispanic ad market and bonus revenues from its exclusive coverage of summer’s World Cup soccer tournament boosted results at the country’s top […]

  • Paley Center for Media presents They

    African-American Showrunners Talk Strides in TV Representation

    Univision Communications, which in September greenlit a $12.3 billion buyout by private investors led by Haim Saban, said Thursday that third-quarter net revenues rose 7.8% to $536 million year on year. A strong Hispanic ad market and bonus revenues from its exclusive coverage of summer’s World Cup soccer tournament boosted results at the country’s top […]

  • 'Annihilation' film premiere

    'Annihilation' Star Jennifer Jason Leigh Responds to Whitewashing Accusations

    Univision Communications, which in September greenlit a $12.3 billion buyout by private investors led by Haim Saban, said Thursday that third-quarter net revenues rose 7.8% to $536 million year on year. A strong Hispanic ad market and bonus revenues from its exclusive coverage of summer’s World Cup soccer tournament boosted results at the country’s top […]

  • Viola Davis Women in the World

    Viola Davis on #MeToo: 'If You're Dedicated to Change, Let It Cost You Something'

    Univision Communications, which in September greenlit a $12.3 billion buyout by private investors led by Haim Saban, said Thursday that third-quarter net revenues rose 7.8% to $536 million year on year. A strong Hispanic ad market and bonus revenues from its exclusive coverage of summer’s World Cup soccer tournament boosted results at the country’s top […]

  • War for the Planet of the

    ‘War for the Planet of the Apes,’ ‘Coco,’ ‘Game of Thrones’ Win Big at VES Awards

    Univision Communications, which in September greenlit a $12.3 billion buyout by private investors led by Haim Saban, said Thursday that third-quarter net revenues rose 7.8% to $536 million year on year. A strong Hispanic ad market and bonus revenues from its exclusive coverage of summer’s World Cup soccer tournament boosted results at the country’s top […]

  • LeBron James Stephen Curry All-Star Game

    NBA All-Star Weekend 2018: The Ultimate Party Guide

    Univision Communications, which in September greenlit a $12.3 billion buyout by private investors led by Haim Saban, said Thursday that third-quarter net revenues rose 7.8% to $536 million year on year. A strong Hispanic ad market and bonus revenues from its exclusive coverage of summer’s World Cup soccer tournament boosted results at the country’s top […]

More From Our Brands

Access exclusive content