×
You will be redirected back to your article in seconds

Univision’s Q2 Revenue Dips 4%, but Net Income Increases by $31 Million

Spanish-language media giant Univision Communications, which has reportedly been wooed by media magnate John Malone as it mulls an IPO, has reported a 4% dip in second quarter 2017 revenue of $764.9 million compared to $800.3 million in the same time frame last year.

Its net income or profit for the second quarter ending June 30 rose 5% to $106 million compared to $74.7 million for the same period in 2016.

“Net income increased $31 million and we continue to deliver as evidenced by our reduction of net debt by approximately $200 million over the first half of the year,” said Randy Falco, president and CEO of Univision Communications. “Furthermore, our strong ratings performance as the number one Spanish-language network in both the May and July sweeps positions us well to monetize our diverse assets and premier brand,” he added.

On an earnings call, Falco pointed out that Univision “reaches 60% of all Spanish-language TV viewers in the U.S.” as it continues to introduce new third-party content to complement the programming from its long-time supplier, Televisa. The Mexican media giant has also been revamping its programming under the new team led by Isaac Lee, who was named chief content officer for both Televisa and Univision in mid-January.

Univision recently broke with tradition by airing non-Televisa programs on primetime and has been having stellar ratings success with a string of Bible-inspired telenovelas from Brazil’s Record TV. “Joseph of Egypt,” which has its two-hour finale on Aug. 7 on Univision, will be followed by “The Promised Land,” also created by Renato Modesto.

Televisa owns close to 40% of Univision and has the option to raise that stake to 49% if Univision completes its IPO.

“We are also focused on driving our next phase of growth by leveraging emerging technologies and unique consumer experiences as the media and technology industries continue to converge,” said Falco who reported that Univision’s digital advertising revs were up 39% compared to 19% in core advertising. Univision’s digital properties now contribute 10% of the company’s total ad revenues.

Univision has also been ramping up its sports programming to make up for the loss of the Spanish-language broadcast rights of the FIFA World Cup series to Telemundo. “We have become the home of soccer in the U.S.,” said Falco as he listed the various soccer league games the company has aired. “U.S. Hispanics consume more sports than non-Hispanics,” he said, citing a recent survey. “Hispanics are 33% more likely to buy products they see on a sports program.”

More TV

  • Writer-Director Dominik Moll on Series Mania

    Writer-Director Dominik Moll on Series Mania Competition Contender ‘Eden’

    LILLE, France — “I must down to the seas again,” Amaré, an teen African illegal immigrant, reads aloud in a poetry lesson at a refugee center near the beach in Greece. Thoughts of wander-lust seen comically out of place. Amaré has just been seen in the prolog to “Eden” leaping out of a dinghy beaching [...]

  • John Simm Talks ‘Cold Courage' as

    John Simm Talks ‘Cold Courage' as Lionsgate Boards International Drama (EXCLUSIVE)

    John Simm plays a rabble-rousing populist politician in “Cold Courage,” and Lionsgate has stepped up and taken international rights to the series. Based on the series of novels by Pekka Hiltunen, the drama is billed as the biggest yet out of Finland and will bow on the Viaplay streaming service in Scandinavia. With a cast [...]

  • "Raven's Home" Executive Producer, Eunetta Boone.

    Eunetta Boone, Showrunner and Creator of 'One on One,' Dies at 63

    Writer-producer Eunetta Boone, creator of the UPN comedy “One on One” and showrunner of Disney Channel’s “Raven’s Home,” died Wednesday at her home in Los Angeles. She was 63. Boone was found dead at her home of an apparent heart attack. Boone had most recently worked as showrunner on the third season of the Disney [...]

  • Global Sales for ‘Les Miserables’ Series

    Global Sales for ‘Les Miserables’ Starring Dominic West Ahead of Series Mania

    The BBC and Masterpiece adaptation of “Les Miserables” will play on a numerous international channels after a raft of deals were sealed for the series, which features Dominic West, David Oyelowo, and Lily Collins. Andrew Davies’ adaptation of Victor Hugo’s classic has been acquired by broadcasters in Scandinavia and southern Europe, and by several buyers [...]

  • Kevin Hart

    TV News Roundup: Kevin Hart Netflix Comedy Special Drops First Trailer

    In today’s roundup, Netflix releases the official trailer for the comedy special “Kevin Hart: Irresponsible” and Josh Charles joins Showtime’s Roger Ailes series “The Loudest Voice.” DATES Season two of “Yellowstone,” starring Kevin Costner, will premiere on Paramount Network on June 19 at 10 p.m. ET/PT. The sophomore season will continue the story of rancher John Dutton [...]

  • adidas game of thrones

    5 New 'Game of Thrones' Collaborations Coming in Time for the Final Season

    Some of the biggest lifestyle brands in the world are jumping on the “Game of Thrones” bandwagon this spring, hoping to capitalize on the fandom and popularity of the HBO hit, as it enters its eighth and final season. From sneakers to spirits, these officially-licensed collaborations extend the characters and colors of the show beyond [...]

  • Nicole Richie

    Nicole Richie Joins Fox Comedy Pilot 'Richard Lovely'

    Nicole Richie has been cast in a series regular role in the Fox single-cam comedy pilot “Richard Lovely.” The project follows Richard Lovely (Thomas Lennon), the disgruntled author of the best-selling children’s book series, “Mr. Mouse.” He doesn’t hate children, but rather just everything about them. After a publicity fiasco involving an unexpectedly savvy 9-year-old [...]

More From Our Brands

Access exclusive content