TelevisaUnivision presented its financial results for the last quarter of 2022, reporting revenue growth of 22% and an increase in OTT subscribers.
TelevisaUnivision today announced financial results for the fourth quarter and full year ended December 31, 2022.
For starters, the company’s fourth quarter revenue grew 22% to US$1.5 billion, driven by a strong World Cup performance, advertising revenue growth of 14% in the U.S., and a full quarter of ViX subscription revenue. Fourth quarter Adjusted OIBDA grew 5%, where the company’s core business more than offset its streaming investments.
Full year revenue grew 13% to $4.7 billion, marking the second consecutive year of double-digit revenue growth. Full year Adjusted OIBDA of $1.7 billion reflected growth of $4 million, fully absorbing the peak year of streaming losses.
Linear television market share expanded in both Mexico and U.S. Spanish language, with around 60% in each market
ViX is now the largest dedicated Spanish-language streaming service in the world with more than 25 million monthly active users on its free tier alone. The platform was awarded Apple TV’s App of the Year in 2022 globally – the first Spanish-language app to receive this recognition – and Google Play’s Best App of 2022 in Mexico.
“A year ago we created TelevisaUnivision to become the largest Spanish language media company in the world. We executed a strategy to create a business without comparison, and our stellar results in 2022 demonstrate the power of our combined company,” said Wade Davis, CEO of TelevisaUnivision.
“Our content engine in Mexico continues to produce hits that resonate in both the U.S. and Mexico and is now powering our market-leading streaming platform as well as our linear networks. ViX is now fully launched and is the definitive leader in Spanish-language streaming in less than a full year of operations. The growth and profitability of our core business more than offset the investments we made in ViX. The power of the combined assets in the U.S. and Mexico cause us to continue to expect ViX to reach profitability by the end of 2023.”
The full financial report in detail can be found here.