That growth in revenue during the third trimester represents US$ 1.151 millions
TelevisaUnivision announced on October 27th its financial results for the third quarter ended September 30, 2022.
According to their press release, the company’s total revenue grew 9% year-to-date and 5% in the third quarter (US$ 1.151,5 millions), with US National advertising growing 8% and overall Mexico advertising revenue 9%.
About ViX+, TelevisaUnivision shared that the investment in the streaming service has forced the company to adjust its OIBDA (Operating Income Before Depreciation and Amortization) 4% downwards, with a decline of 2% year-to-date through September 30, 2022.
“We’re incredibly pleased to see the continued progress of TelevisaUnivision’s transformation with solid third quarter results that underscore growth across our major revenue streams, in all geographies, ” shared Wade Davis, CEO of TelevisaUnivision, in a statement. “This growth is fueled by our ability to produce superior content across a breadth of platforms that reaches more Spanish-speakers in the world than anyone else.
“The third quarter marked a historic turning point in our digital transformation with the full launch of both the free ad-supported and premium subscription tiers of our market leading streaming service. Our differentiated strategy is driving strong momentum across both ViX and ViX+, and having free and paid tiers in a combined product is already delivering significant strategic and operational benefits. Our growth across all areas of our business underscores the resilience of ourbusiness model. I am thrilled with our progress and am looking forward to a very strong Q4 to close out a great year for TelevisaUnivision,” he added.
On the content side, TelevisaUnivision highlighted the excelents ratings numbers gathered by Premios Juventud and Univisionarios.