Univision’s first quarter yields 18% revenue surge

Univision Communications Inc.’s first-quarter revenue surged 18%, thanks to increased market and advertising share, the company reported Thursday.

For the quarter ended March 31, the Los Angeles-based Spanish language broadcaster reported actual revenue of $85.6 million, compared to pro forma revenue of $72.7 million for the same period last year.

Univision reported a first-quarter loss of $2.3 million, sharply below the $20.9 million in red ink for the same period reported on a pro forma basis for 1996.

“Our strong first-quarter results demonstrate the continued progress we’re making toward the goal of becoming a core media buy for advertisers and closing the gap between Univision’s audience share and share of advertising revenue,” said George Blank, Univision’s exec VP and chief financial officer in a statement.

Analysts say Univision’s results are a bit better than expected.

“The company looks very strong, far above any broadcaster,” said Frank Bodenchak, an analyst with Morgan Stanley in New York, referring to Univision’s first-quarter growth, which is nearly five times the industry average for the period.

Univision’s stock closed Thursday at $32.87, down $1.12 in New York Stock Exchange trading.

More Scene

  • Demi MooreComedy Central's Roast of Bruce

    Demi Moore Appears as Surprise Guest at Bruce Willis' Comedy Central Roast

    Univision Communications Inc.’s first-quarter revenue surged 18%, thanks to increased market and advertising share, the company reported Thursday. For the quarter ended March 31, the Los Angeles-based Spanish language broadcaster reported actual revenue of $85.6 million, compared to pro forma revenue of $72.7 million for the same period last year. Univision reported a first-quarter loss […]

  • Outfest Filmmakers Get Political, Issue Call

    Outfest Filmmakers Get Political, Issue Call to Action on Opening Night

    Univision Communications Inc.’s first-quarter revenue surged 18%, thanks to increased market and advertising share, the company reported Thursday. For the quarter ended March 31, the Los Angeles-based Spanish language broadcaster reported actual revenue of $85.6 million, compared to pro forma revenue of $72.7 million for the same period last year. Univision reported a first-quarter loss […]

  • Bob Woodruff Foundation Acquires Veterans Org

    Bob Woodruff Foundation Acquires Veterans Org Got Your 6

    Univision Communications Inc.’s first-quarter revenue surged 18%, thanks to increased market and advertising share, the company reported Thursday. For the quarter ended March 31, the Los Angeles-based Spanish language broadcaster reported actual revenue of $85.6 million, compared to pro forma revenue of $72.7 million for the same period last year. Univision reported a first-quarter loss […]

  • Tiffany HaddishTiffany Haddish at the Hollywood

    Tiffany Haddish on Future Career Plans, Taking Advice From Tyler Perry, Melissa McCarthy

    Univision Communications Inc.’s first-quarter revenue surged 18%, thanks to increased market and advertising share, the company reported Thursday. For the quarter ended March 31, the Los Angeles-based Spanish language broadcaster reported actual revenue of $85.6 million, compared to pro forma revenue of $72.7 million for the same period last year. Univision reported a first-quarter loss […]

  • Vince Gilligan Carolyn Strauss Paley Center

    'Breaking Bad' Creator Vince Gilligan Suggests 'Maybe It's Time for Heroes Again' on TV

    Univision Communications Inc.’s first-quarter revenue surged 18%, thanks to increased market and advertising share, the company reported Thursday. For the quarter ended March 31, the Los Angeles-based Spanish language broadcaster reported actual revenue of $85.6 million, compared to pro forma revenue of $72.7 million for the same period last year. Univision reported a first-quarter loss […]

  • Our Very Own Carlin McCullough

    Amanda Peet's New Play 'Our Very Own Carlin McCullough' Has a 'Game of Thrones' Connection

    Univision Communications Inc.’s first-quarter revenue surged 18%, thanks to increased market and advertising share, the company reported Thursday. For the quarter ended March 31, the Los Angeles-based Spanish language broadcaster reported actual revenue of $85.6 million, compared to pro forma revenue of $72.7 million for the same period last year. Univision reported a first-quarter loss […]

  • Shirel Kozak, Billy Crystal, Marina Zenovich,

    Billy Crystal, Filmmakers Remember Robin Williams at 'Come Inside My Mind' Premiere

    Univision Communications Inc.’s first-quarter revenue surged 18%, thanks to increased market and advertising share, the company reported Thursday. For the quarter ended March 31, the Los Angeles-based Spanish language broadcaster reported actual revenue of $85.6 million, compared to pro forma revenue of $72.7 million for the same period last year. Univision reported a first-quarter loss […]

More From Our Brands

Access exclusive content