The increase to $1.5 billion was driven by a strong World Cup performance, advertising revenue growth of 14% in the U.S., and a full quarter of ViX streaming service subscription revenue.
QUARTERLY REPORT
TelevisaUnivision Revenue Grows 22% In 4Q
Spanish-language media and content company TelevisaUnivision today announced pro forma financial results for the fourth quarter and full year ended Dec. 31, 2022, that included consolidated total revenue of $1.5 billion, an increase of 22% from the same quarter a year earlier.
Total advertising revenue grew 10% to $850 million, comprising 14% growth in the U.S. and 4% growth in Mexico.
For the fourth quarter, total subscription and licensing revenue grew 47% to $568 million.
Total 4Q operating expenses were $949 million, up 32%.
Wade Davis, CEO of TelevisaUnivision, said: “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.
“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.”
BRAND CONNECTIONS
Read the company’s report here.
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