Televisa Quarterly Profit Rises Slightly on Content, Ad Sales
Mexico's top network earned $317 million in royalties from its stateside partner Univision for the full year.
Mexican media company Televisa on Thursday reported a fourth-quarter net profit of 2.5 billion pesos (about $170 million), up 1.6 percent from a year ago.
Net sales came in at 24 billion pesos for the period, representing a 12 percent increase. Revenue growth was driven by solid sales in content and advertising.
Televisa provides Univision with the bulk of its primetime content, a business that has becomes increasingly more profitable in recent years. Last year Televisa earned $317 million in royalties from Univision, nearly a 15 percent rise compared to 2013.
Additionally, the nation's dominant broadcaster continues to see growing subscriber bases in its pay TV division: Sky Mexico currently has more than 6.6 million clients, while Televisa's multiple cable outfits pull in 6.9 million subscribers.
Televisa is the world's leading producer of Spanish-language content, and it's making a strong push into original scripted fare in English. Under its stateside operation, Televisa USA, the company has co-produced ABC Family's Chasing Life and Lifetime's Devious Maids.