Vincent Sadusky Univision
Univision Communications Inc. announced financial results for the second quarter ended June 30, 2019.
Among the main results are a decrease in revenue of 4.0% to US$701.7 million from US$730.9 million while core revenue decreased 3.5% to US$694.5 million from $719.5 million.
Also, income from continuing operations was US$92.0 million compared to US$121.3 million from the second quarter of 2018.
The adjusted OIBDA4 decreased 14.0% to US$265.7 million from US$308.8 million while the adjusted core OIBDA5 decreased 13.2% to US$259.8 million from US$299.4 million.
The company reported that continues to deleverage and has reduced total indebtedness, net of cash and cash equivalents by
US$68.5 million for the six months ended June 30, 2019.
“Univision finished the 2018/19 broadcast season as the #1 US Hispanic network for the 27th consecutive time. In July sweeps, Univision and UniMás were the only broadcast networks to grow viewership from a year ago. In that period the Gold Cup final on Univision ranked as the #1 Men’s soccer match of 2019, and our youth-oriented music tentpole Premios Juventud achieved a 40% larger audience than the prior year and beat the Big-4 broadcast networks. While OIBDA decreased this quarter, we continue to see evidence of improved operational strength fueled by our investments in programming and sales which positioned us for growth. In the recently completed 2019/2020 Upfront Sales cycle Univision achieved the strongest growth in four years,” said Vince Sadusky, CEO of Univision.
