Variety: Univision’s Q3 Revenue, Earnings Rise On Subscriber Fees, Content Licensing Gains

Oct 27, 2015

By Cynthia Littleton

Univision Communications posted strong gains in revenue and earnings for the third quarter, powered by increases in non-advertising revenue from subscriber fees, content licensing and spectrum leasing.

Univision, which is expected to mount an IPO this year, reported a 10% year-over-year revenue gain to $801.5 million in the quarter ended Sept. 30, with earnings rising 24.2% to $391.4 million.

Advertising revenue was soft in the quarter, declining 2.7% to $517.7 million. The Univision Radio unit was hard hit with an 8.3% drop in ad revenue to $74.1 million. Univision noted that the core company-wide advertising base remained solid, with a gain of 5.8% to $488.7 million if the year-to-year fluctuations from political advertising and its 2014 World Cup and 2015 Gold Cup soccer games were excluded.

In Univision’s Media Networks division covering television, non-advertising revenue spiked 46% to $280.1 million thanks to a $26.6 million gain in subscriber fee revenue for the Univision Deportes sports cabler, a $32.7 million boost from content licensing and a $26 million fee received for allowing an unnamed telecommunications company to use some of the spectrum allocated to a Univision broadcast station in an unspecified market.

Advertising revenue for Media Networks was down 2% in the quarter to $447.3 million.

Univision also took a $19.5 million write-down for unspecified programming rights in the quarter.

“Our strong operational performance is powered by our unique relationship with our audience, our reach across platforms and our broad portfolio – which differentiates us from our competition and puts us in a strong position,” said Univision president-CEO Randy Falco.

Source: Variety

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