TelevisaUnivision Posts 1Q Loss But Projects Streaming Profits in 2H
variety.comBrian 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.
Revenue during the quarter improved 7%, to $1.1 billion, but the bulk of that was contributed by TelevisaUnivsion’s Mexican TV assets.
Revenue from Mexican operations rose 23%, to $409 million. But revenue from U.S. businesses — a bigger part of the company’s overall financial results — stayed flat at $740 million, despite a first-quarter airing of a Spanish-only version of Super Bowl LVIII on Univision.
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