Wade Davis, CEO of TelevisaUnivision: Q2 was an exciting quarter for us in which we saw building momentum in most areas of our business and delivered some historic milestones
TelevisaUnivision announced financial results for the second quarter ended June 30, 2024.
“Q2 was an exciting quarter for us in which we saw building momentum in most areas of our business and delivered some historic milestones. We leveraged the combined power of our linear and streaming platforms to deliver the most-watched Spanish-language soccer tournament in the U.S. in many years, outperforming the 2022 World Cup. Our DTC business continues to pace ahead of plan and is over-delivering across all of its major KPIs. Global ad sales momentum accelerated, driven by a strong marketplace in Mexico and success in the U.S. in attracting new advertisers to our platform. We are looking forward to the second half of the year where the benefits from DTC’s turn to profitability, the U.S. presidential election cycle, and execution across the rest of our business, should yield a great next couple of quarters,” said Wade Davis, CEO of TelevisaUnivision.
Among the financial and operational highlights:
-Total revenue grew 3% to US$1.3 billion, reflecting growth in both Mexico and U.S.
-Total advertising revenue grew 6%. U.S. advertising revenue growth accelerated while Mexico posted double-digit growth for the sixth consecutive quarter
-2024 Copa America drove record-setting viewership across networks and ViX in both the U.S. and Mexico
-ViX saw strong audience growth and engagement across both free and paid tiers, surpassing 50 million global monthly active users on the free tier
-Adjusted OIBDA declined 3%, representing an improvement over the prior quarter
-Refinanced US$1 billion of debt, eliminating more than half of the company’s 2026 maturities.
Ingresos trimestrales de TelevisaUnivision alcanzan los US$1 mil 300 millones
TelevisaUnivision reporta crecimiento en ingresos y ViX dobla su participación
