TelevisaUnivision Narrows Q4 Loss Despite Streaming Costs, U.S. Ad Dip
variety.comBrian Steinberg Senior TV Editor Spanish-language giant TelevisaUnivision said it narrowed its fourth quarter loss from the year-earlier period as increases in ad revenue in Mexico helped buoy the company despite a downturn in the same category in the U.S.
and its continued investment in streaming. The company, which operates the Univision broadcast network in the U.S., said revenue in the quarter was off 7%, as gains in advertising were offset be declines in revenues from subscription and licensing.
Revenue came to nearly $1.36 billion in the quarter, compared with nearly $1.46 billion in the year-earlier quarter. The company’s net loss narrowed to $918.8 million from nearly $1.57 billion.
TelevisaUnivision said its streaming outlet, ViX, ended the year with more than 7 million subscribers, and indicated its streaming business had generated more than $700 million in revenue in 2023.
Read more on variety.com