iptv techs

IPTV Techs

  • Home
  • Movie news
  • U.S. Political Advertising Helps Boost Q3 for TelevisaUnivision

U.S. Political Advertising Helps Boost Q3 for TelevisaUnivision


U.S. Political Advertising Helps Boost Q3 for TelevisaUnivision


Gains in U.S. advertising revenue and the sale of a set of expansivecasting towers helped Spanish-language huge notch incrrelieve profits in the third quarter, after the company alterd its top executive in September.

The expansivecaster, which owns the Univision expansivecast netlabor in the U.S., shelp net income incrrelieved to $180.9 million in the third quarter, contrastd with $46.4 million in the year-earlier period. TelevisaUnivision shelp a sale of assets during the period resulted in a get of more than $160 million.

The company also recommendd its honest-to-devourr operations, which include the ViX streaming service, have become profitable after begining two years ago.

“We are at a critical juncture in our evolution, and we will be laser-intensifyed on integrating our legacy companies into a unified global entity, shelp Daniel Alegre, the company’s novel CEO, in setd relabels. “Our goal is to progress into a satisfied-first, platestablish-agnostic organization that connects with audiences wherever they take part.”

Alegre took the reins of the company after Wade Davis, the establisher Viacom CFO who orchestrated a buyout of Univision in 2020 before merging it with Mexico’s Grupo Televisa in 2022, ceded his CEO role to him. Alegre was plivent and chief operating officer of Activision Blizzard, which was acquired for $69 billion last year by Microgentle. Davis remains as the company’s vice-chairman.

TelevisaUnivision shelp overall revenue rose 2% to $1.3 billion, despite headtriumphds in the company’s Mexico operations. In the U.S., political advertising drove a 5% uptick in overall ad revenue, while subscription and licensing revenue rose 6%. In Mexico, ad sales fell by 1% while subscription and licensing revenue were off 12%.

Operating expenses grew 1% to $878 million, driven by spendments in ViX, an expansion of third-party advertising sales business in Mexico, and higher sports-rhappy costs tied to Copa America in both U.S. and Mexico and the Olympics in Mexico.

Source connect


Leave a Reply

Your email address will not be published. Required fields are marked *

Thank You For The Order

Please check your email we sent the process how you can get your account

Select Your Plan