Univision Q3 Revenue Up 8.5%, Radio Segment Down 1.8%
|RADIO ONLINE | Wednesday, November 6, 2019|
Univision Communications reported third quarter revenue increased 8.5% to $681.4 million from $628.2 million in 2018. Core revenue grew 2.6% to $675.1 million from $657.7 million. Income from continuing operations was $77.4 million compared to $12.4 million, while adjusted OIBDA increased 11.3% to $257 million from $231 million.
Radio revenue for Q3 decreased 1.8% to $65.2 million, compared to $66.4 million. Advertising revenue for the radio segment declined 4% to $60.4 million from $62.9 million for the same prior period. Core advertising revenue for the radio segment fell 2.3% to $58.4 million from $59.8 million primarily due to declines in ad spending in the automotive and financial sectors partially offset by food and other categories. Non-advertising revenue for radio was up to $4.8 million from $3.5 million.
"Univision delivered a strong quarter as we continue to execute on our strategy of being the most consumed media portfolio, and the most effective marketing partner dedicated to the high-growth U.S. Hispanic consumer. We will continue to invest in our Spanish Language business, which this quarter contributed to growth in both revenue and Adjusted OIBDA," said Univision CEO Vince Sadusky.