Univision Radio Segment Q1 Revenues Down 5.3%

RADIO ONLINE | Thursday, May 10, 2018

Univision

Univision Communications reported first quarter total revenue decreased 1.2% to $684.2 million from $692.6 million in 2017. Revenue for the company's radio segment declined 5.3% to $ 52.3 million from $55.2 million. Total core revenue for the radio segment fell 8.4% to $49.3 million from $53.8 million. Adjusted OIBDA decreased 10.2% to $244.9 million from $272.6 million. The company posted a net income of $47.4 million compared to $58.1 million in the year-ago period.

"Univision delivered approximately $684 million in revenue, $47 million in net income, and $245 million in Adjusted OIBDA in the first quarter. We continued to reduce our debt and year over year interest expense," said President/CEO Randy Falco. "Even with a leading portfolio of Spanish-language linear assets, a growing digital portfolio and a strong and time-tested relationship with our audience, we recognize that accelerating changes at Univision now is as important as ever given the rapid evolution in the media sector."