Univision Posts Q2 Loss

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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.

Jon Lafayette
Jon Lafayette

Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.