Univision Communications reported a loss in the second quarter as revenue fell compared with last year, when its networks covered soccer’s World Cup.
The company lost $23.9 million in the quarter, compared with net income of $98 million a year ago.
Revenue fell to $696.3 million from $833 million a year ago. The company said the World Cup generated $115.5 million in incremental revenue a year ago. Excluding the World Cup, revenue decreased 1.7%.
“During the 2015 second quarter, we continued to execute on our strategy to deliver a Univision branded experience and target bilingual and millennial audiences with tailored ‘must-see’ content across platforms, which included signing a deal with Netflix to stream top Univision and UniMás content,” said CEO Randy Falco.
Read more at broadcastingcable.com.
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