TelevisaUnivision‘s income tumbled 11% within the first quarter in contrast with the year-ago interval, however cost-cutting and progress in streaming lifted income.
Adjusted working earnings earlier than depreciation and amortization (OIBDA) climbed 5% to $345 million within the quarter ended March 31. The Hispanic media large credited “the optimization of our price base” and profitability in its direct-to-consumer unit.
“Linear softness” and the absence of the Tremendous Bowl within the quarter in contrast with the 2024 interval dragged down income, the corporate stated, as did the timing of distribution renewals in Mexico. Complete income settled at $1.02 billion. Income in Mexico declined 23% to $315 million.
Excluding the Tremendous Bowl, U.S. promoting income declined 6%.
Media firms have begun reporting first-quarter earnings this week in opposition to a turbulent financial backdrop. Comcast on Thursday posted a 7% decline in home promoting. President Trump’s on-again-off-again tariff regime has launched a excessive stage of uncertainty, with media and tech firms anticipated to take successful within the promoting companies as entrepreneurs regroup. TelevisaUnivision is making ready for a significant presentation to advert patrons subsequent month in New York throughout the business’s conventional upfront week.
“As we proceed to evolve the corporate in 2025, we’re driving tighter alignment and integration between our groups within the U.S. and Mexico, and we’re constructing a extra agile and environment friendly group,” CEO Daniel Alegre stated within the earnings launch. “Our reimagined content material technique is strengthening our connection to verticals that deeply resonate with our viewers, whereas the continued development of Vix has enabled us to execute a extra strong cross-platform technique.”
