TelevisaUnivision announced its financial results for the second quarter of the year, revealing over a billion dollars in total revenue and sustained growth in its DTC segment.
TelevisaUnivision today announced financial results for the second quarter ended June 30, 2024.
“Q2 was an exciting quarter for us in which we saw building momentum in most areas of our business and delivered some historic milestones,” said Wade Davis, CEO of TelevisaUnivision.
The company reported total revenue grew 3% to US$1.3 billion, reflecting growth in both Mexico and U.S.
Total advertising revenue grew 6%. U.S. advertising revenue growth accelerated while Mexico posted double-digit growth for the sixth consecutive quarter.
In addition, the 2024 Copa America drove record-setting viewership across networks and ViX in both the U.S. and Mexico.
Lastly, ViX saw strong audience growth and engagement across both free and paid tiers, surpassing 50 million global monthly active users on the free tier.
“We leveraged the combined power of our linear and streaming platforms to deliver the most watched Spanish language soccer tournament in the U.S. in many years, outperforming the 2022 World Cup. Our DTC business continues to pace ahead of plan and is over-delivering across all of its major KPIs. Global ad sales momentum accelerated, driven by a strong marketplace in Mexico and success in the U.S. in attracting new advertisers to our platform,” the CEO said.
“We are looking forward to the second half of the year where the benefits from DTC’s turn to profitability, the U.S. presidential election cycle, and execution across the rest of our business, should yield a great next couple of quarters.”
