Univision Reports Higher Third-Quarter Earnings

Univision sign outside office building
(Image credit: Mario Tama/Getty Images)

Univision Communications reported higher profits as revenue increased.

Third-quarter net income for the Spanish-language media company rose 8.4% to $33.5 million, from $30.9 million a year ago. Net income had been $77.4 million in the third quarter of 2019, before the pandemic.

Revenue increased 20.3%, to $754 million.

Ad revenue was up 32.5%, to $42 million.

Also read: Univision Profits Rise as Cost Cuts Take Hold

“Our outstanding third-quarter results underscore the enormous opportunities that lie ahead for Univision,” said CEO Wade Davis. “The strength of our content and the connection with our audience are demonstrated by the fact that we continue to deliver the highest overall ratings growth in the industry.” 

Revenue for Univision’s Media Networks segment was up 18.7% to $688.3 million. Ad revenue was up 31.7% to $378.8 million, driven by strong scatter volume and pricing, new brand activation and growth in low-volume accounts. Three major soccer tournaments and improvements in the retail travel and services sectors also helped, the company said.

Subscription and licensing revenue was $278 million, up from $267.6 million. Subscriber-fee revenue was $277.1 million, up 5.3%.

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.