variety.com
25.04.2024 / 11:21
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TelevisaUnivision Posts 1Q Loss But Projects Streaming Profits in 2H
Brian Steinberg Senior TV Editor Continued investment in streaming contributed to a first-quarter loss for Spanish-language media giant TelevisaUnivision, which is seeing the bulk of its growth come from its Mexican operations while U.S. revenue stays flat with year-earlier results. The company, which operates the Univision TV network, said operating expenses grew 16% during the first quarter, to $821 million, driven by continued investments in its ViX streaming service and the expansion of a third party ad-sales business in Mexico.