The company unveiled its financial results for the first three months of 2022, the first since Univision and Televisa created the new merged entity in January.
TelevisaUnivision announced its first quarter results for 2022, the first since the new merged company was created on January 31.
In addition, during the quarter, the company launched its new AVOD streaming service, ViX, on March 31, with a premium subscription platform to follow in the second half of the year.
In terms of finances, consolidated pro forma* revenue for the quarter grew 12.2% compared to the prior year, reaching US$1 billion.
In addition, advertising revenue increased 12.0% (US$569 million) and subscription and licensing revenue increased 14.3% to US$ 403 million reflecting solid growth in both the US and Mexico, on a pro forma basis.
Adjusted OIBDA increased 6.7% pro forma as revenue growth fully funded investments in streaming.
The company’s combined portfolio of US broadcast and cable nets grew primetime ratings by 9% versus the prior year – the fastest growing large media company in the US.
The portfolio of US linear assets’ share of Spanish language primetime viewing rose 430 bps to 63.6%; while the Total Television primetime viewing share rose 100 bps to 6.5%.
The Univision network sustained the Q4 2021 momentum, and achieved primetime growth of 23%, the highest growth among all major US networks.
The Company’s Mexican networks grew their weekday broadcast market share from 54 to 60%. In Mexico, the networks grew broadcast ratings by 13% driven by the flagship Las Estrellas network.
“Our first quarter of 2022 clearly demonstrated the great potential of our now combined company. We continue to move forward as the fastest growing media and entertainment company. We’re seeing fantastic results across the board, including ad sales and distribution revenue growing double digits, which makes us very optimistic about the rest of the year”, said Wade Davis, CEO of TelevisaUnivision.
“On March 31, 2022, we unveiled our streaming service, ViX, introducing our AVOD tier to tremendous excitement, and this is just the beginning. Our growth-oriented strategy is supported by ratings increasing 23% in the Univision network, the highest among all major U.S. networks. In Mexico, we further distanced ourselves from the competition with 60% market share of weekday broadcast. I am ecstatic to build upon this momentum with a world-class team that is already working as one.”
*The “Pro Forma” numbers are adjusted to include the Televisa content business for all of Q1 2021 and the entire first quarter of 2022 for equivalent comparative purposes.
