The company’s total revenue grew 11% to US$ 1.2 billion.
TelevisaUnivision today announced financial results for the second quarter ended June 30, 2023.
During the second three months of the year, the company’s total revenue grew 11% to $1.2 billion, driven by growth across all major revenue streams in both geographies.
Total advertising revenue grew 10%, which was led by 29% advertising growth in Mexico that included a benefit from foreign exchange rates.
In addition, global subscription and licensing revenue grew 14%, driven primarily by ViX’s premium subscription tier.
Adjusted OIBDA held flat with the Company’s core linear business continuing to fully fund investments in ViX.
In terms of streaming, the company reported that engagement on ViX continued to grow, with 17% sequential growth in total streaming hours.
Lastly, the company expanded its market-leading soccer portfolio and secured the rights to two key Liga MX teams this quarter, now holding rights to 17 out of the 18 teams in both the U.S. and Mexico.
“This was a fantastic quarter for TelevisaUnivision, accelerating our revenue growth into double digits and continuing to drive our leadership position in Spanish-language streaming with ViX— all through a disciplined approach in which our core business continues to offset our investments in streaming,” said Wade Davis, Chief Executive Officer of TelevisaUnivision.
“Leading our portfolio this quarter was extraordinary growth in Mexico, where we strategically programmed across linear and the ad-supported and premium subscription tiers of ViX to drive 22% revenue growth. This is a terrific example of the components of our ecosystem working together to deliver amazing financial performance.”
