Univision Q2 Total Revenues Down 3%, Radio Falls 4.6%
|RADIO ONLINE | Wednesday, August 14, 2019|
Univision Communications second quarter total revenues declined 4% to $701.7 million from $730.9 million in 2018. Radio revenues were also down 4.6% to $61.7 million from $64.7 million, while radio advertising revenue decreased 6.2% to $57.9 million from $61.7 million. Core radio ad revenue fell 4.6% to $55.7 million from $58.4 million. Non-advertising radio revenue increased to $3.8 million from $3 million from the year-ago period. Adjusted OIBDA decreased 14 to $265.7 million from $308.8 million.
"Univision finished the 2018/19 broadcast season as the #1 U.S. Hispanic network for the 27th consecutive time. In July sweeps, Univision and UniMas were the only broadcast networks to grow viewership from a year ago. In that period the Gold Cup final on Univision ranked as the #1 Men's soccer match of 2019, and our youth-oriented music tentpole Premios Juventud achieved a 40% larger audience than the prior year and beat the Big-4 broadcast networks," said Univision CEO Vince Sadusky.
He added, "While OIBDA decreased this quarter, we continue to see evidence of improved operational strength fueled by our investments in programming and sales which positioned us for growth. In the recently completed 2019/2020 Upfront Sales cycle Univision achieved the strongest growth in four years."