TelevisaUnivision Posts Slim Q3 Revenue Gain, Declines To Offer Stats For Streaming Services Vix & Vix+: “We Don’t Want To Get Ahead Of Ourselves”
deadline.comPrivately held Hispanic media giant TelevisaUnivision reported a 5% uptick in third-quarter revenue, to $1.2 billion, but said investments in streaming caused operating income to dip 4%.
The comparisons were offered on a pro-forma basis, given that the company has existed for less than a full year. Univision, which was acquired by a consortium of private investors led by Davis in 2020, merged with the media and production arm of Mexican telecom provider Grupo Televisa in January 2022.
A 10% increase in operating expenses, to $741 million, was mostly due to investments in subscription streaming outlet Vix+ as well as free, ad-supported companion service Vix.
While streaming, not surprisingly, was a major theme during the company’s conference call with analysts, CEO Wade Davis demurred when he was asked for initial subscriber or active user stats. “We don’t want to get ahead of ourselves,” Davis said.
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