Univision 3Q Revenue Up But Profit Drops

Spanish-lingo giant sees momentum from network ratings, cable launches

Univision Communications’s third quarter net revenues rose 10.1% to $692.7 million from $628.9 million in 2012, it reported Thursday. Among its various units, TV revenues grew; radio was flat and digital revs dropped.

News comes just days before the Monday launch of Univision’s latest venture, Fusion, aimed at bilingual millennials. Network created in partnership with ABC will feature “news and lifestyle [programming] with an accent,” quipped Univision prexy and CEO Randy Falco in a conference call today. Fusion launches to an initial 20 million homes and is projected to reach double that by the end of 2014, said Falco.

El Rey, another new network that Univision has invested in, is aiming for a soft launch in December via Comcast. The English-language Hispanic cable network from helmer Robert Rodriguez and John Fogelman and Cristina Patwa’s FactoryMade Ventures will debut original programs by late March, per Falco. Univision will handle the back-office operations, sales and distribution of the network. A recent multi-year distribution accord with Time Warner Cable includes El Rey.

Higher expenses in the third quarter have led to a $15.9 million loss compared to a $10.6 million profit in the same period last year. Adjusting operating income grew 9.2% to $301.8 million.

For the nine months ended Sept. 30, 2013, net revenue increased 9.1% to $1.9 billion from $1.7 billion in 2012. 

On the ratings front, Univision marked a milestone this summer when it notched the top spot among 18-49 and 18-34 demos during the July sweep. Sister channel UniMas’ daytime programming continued to outperform in all key demos against the combined ratings of rivals including Azteca America, Estrella TV and MundoFox. Galavision outpaced all Spanish language cable networks by double-digit percentages in the Adult 18-49 demo.

Meanwhile, Univision Radio saw some advertiser defections after the ouster of popular talk show host Piolin, who has since joined Sirius XM Satellite Radio.

Filed Under:

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 1

Leave a Reply

1 Comment

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

  1. Have a nice day :) says:

    Yea lets suck up to people who invade a country, vote illegally in that country and violate every law under the BOOK! Rapes, Murders, Kidnapping, Drinking Driving killing innocent people! Thanks Univision! Too bad Davy Crocket isn’t alive today, because one day Mexico will have it’s own Alamo! From all the pissed off Americans who are sick of this ******!

More TV News from Variety

Loading