Mexico City-based Televisa, the world’s top producer of Spanish-language content, posted a 70.2% jump in profits in the first quarter of 2015 over the same period in 2014 to $95 million on explosive growth with its telco segment tied into an ever-expanding market share for its satcaster and cabler biz.
Televisa is also set to make a number of key appointments at its upcoming April 29 board meeting.
The network is expected to bring Jon Feltheimer, chairman-CEO of its film and TV production partner Lionsgate, to the board. It recently announced that Discovery CEO David Zaslav would be joining, as well as Liberty Global president and CEO Michael T. Fries.
Televisa’s total sales for the quarter rose 17.3% year-to-year to nearly $1.3 billion for the period. The company’s bottom line was bolstered by the $67.6 million in revenue sharing from U.S. network Univision, offsetting nearly $650 million lost with a robust dollar and weakening peso in the first three months of the year – an approximate 3.3% depreciation over the quarter for the peso.
Feevee ad payouts jumped 10% year-on-year for the Mexican media titan, with network subscription revenue up 19.4% to $53.5 million and a steadily growing subscriber base for its multiplay format, which grew to 7.92 million revenue-generating units from 5.2 million subscribers in the same quarter last year with dramatic growth in video, broadband and voice.
Televisa has been getting its cable-related businesses in order with the consolidation of local operators of Cablecom and Telecable, which alone boosted the conglom nearly $48 million outright, according to the corporate release.