Univision Communications Second-Quarter Earnings Rise
UPDATED: The Spanish-language media giant also reported higher revenue as CEO Randy Falco says "our aggressive push to take share from the English-language networks is working."
Univision Communications on Thursday reported a higher second-quarter profit as it recorded a double-digit revenue gain.
The Spanish-language media giant's quarterly earnings amounted to $40.7 million, a 28 percent improvement compared with the year-ago profit of $31.8 million. Adjusted operating income before depreciation and amortization, another profitability metric, increased 17.6 percent to $298.3 million.
Revenue rose 10.4 percent to $676.5 million. TV and digital revenue rose, while radio revenue was unchanged year-over-year.
"We had another strong quarter, marked by financial and ratings growth," said president and CEO Randy Falco. "We also had a very successful upfront -- which tells us that our aggressive push to take share from the English-language networks is working."
The company's flagship Univision channel has been attracting strong ratings, particularly in the young demographics, challenging English-language broadcast networks.
In the second quarter, the Univision network finished as the number four network during primetime among adults 18-34 and maintained its number five position during primetime among adults 18-49 and total viewers, the company highlighted. "Keeping with the momentum from last quarter, Univision continued to out-deliver
one or more of the English-language broadcast networks -- ABC, CBS, NBC and Fox -- on most nights during primetime (91 percent of the time) among adults 18-34, and 87 percent of nights among adults 18-49," it added.
"When you’re looking at ratings going down 11 percent at the so-called Big Four, it seems to be a very easy math problem to solve," Falco had said earlier this year.