1 month ago
TelevisaUnivision posted a mixed group of first-quarter results, arsenic CEO Daniel Alegre warned of U.S. competitory challenges successful June and July from World Cup shot airing connected rival networks.
Total gross crossed nan U.S. and Mexico inched up 5% to $1.075 billion. Adjusted operating income earlier depreciation and amortization [OIBDA] fell 6% from nan year-earlier period, coming successful astatine $323.3 million. U.S. advertizing slipped 12% to $309.9 million.
Subscription and licensing gross successful nan U.S. gained 12% from a twelvemonth agone to $384.7 million, pinch streaming flagship Vix continuing to summation crushed and offset linear declines. The privately held TelevisaUnivision said Vix’s premium tier and higher mean rates helped boost subscription and licensing revenue. A caller carriage woody pinch Disney’s Hulu + Live TV was different plus, and Mexico besides gains successful contented licensing driven by request for nan company’s sports rights.
Asked by Wall Street analysts during nan company’s quarterly earnings telephone astir nan effect of nan Iran War, Alegre said it is hurting user spending but has not deed advertizing gross frankincense far. One situation he did telephone retired is nan World Cup. While TelevisaUnivision has exclusive authorities to 104 World Cup matches successful Mexico, Telemundo and Fox person Spanish-language and English-language authorities successful nan U.S., respectively.
Given nan power connected nan expanded, North America-set shot tournament, “we are facing immoderate of nan challenges of a softer sports slate,” Alegre said connected Tuesday’s convention call. “That is apt going to beryllium reflected much powerfully successful Q2 and Q3, erstwhile we’re up against nan World Cup live.” Ad categories for illustration quick-serve restaurants, automotive and exertion are owed to acquisition “pressure,” nan exec added.
“We’re looking to offset this unit by increasing categories that are not arsenic sensitive,” he added, among them pharmaceuticals and financial services. “We knew it was going to beryllium a challenging 2026 successful nan U.S. advertisement market.”
