Univision Communications net income swung into positive territory in the third quarter.
The Spanish-language media company said net income was $104 million compared with a net loss of $30.5 million a year ago.
Revenue rose 5.9% to $778.2 million, and core revenue was up 3.9% to 725.5 million.
“Our financial results for the quarter reflect growth across revenue, net income and adjusted OIBDA,” said CEO Randy Falco. "We continued to reduce our debt and improve our capital structure, highlighted by our $721 million net debt reduction year to date."
Related: Univision Extends Employment Agreement With CEO Falco
Adjusted operating income for Univision’s media networks was up 8% to $343 million. Revenue was up 7.6% to $713.6 million. Advertising revenue edged up 0.6% to $409.5 million.
The television industry's top news stories, analysis and blogs of the day.
Thank you for signing up to Broadcasting & Cable. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.