Televisaunivision moves side in the fourth quarter, with a 2 % advertisement despite political spending
The giant Televisaunivision of Spanish origin published relatively flat results in the fourth quarter compared to the same period in 2023.
The revenue of the American company Mexico in the framework on December 31 fell 1 % to 1.3 billion. American revenue increased by 2 % to $ 835.5 million despite the presidential elections, as American advertising revenues increased by 2 % to $ 476 million. About $ 70 million of spending on political advertisements was recorded during the October period to December, and the company-a modest amount compared to the distances of some of their peers in the industry, but is still a big batch.
Foreign currency fluctuations hurt the company’s results in Mexico during a quarter. In putting factors in these opposite winds, the unit has published gains from two numbers.
Operation before consumption and extinguishing, as the scale rose as a major scale for profitability by the private company, increased by 3 % to 451.9 million dollars.
The subscription and licensing revenues increased by 3 % to $ 466 million. The United States grew by 5 % to $ 347 million, while Mexico decreased by 3 % to $ 119 million.
Daniel Alegre, a veterans in the technology sector who held the position of CEO of Televisaunivision last year, said that the American electoral cycle “emphasized the power and influence on Televisainivision providing voting of Spanish origin through our arrival at society. Through our newly unified organizational structure, We are harnessing Univision strengths in the United States Televisa in Mexico to pay more contact and expand our influence as a global leader of the content.
After replacing Wade Davis as CEO last September, Alegre supervised the reshaping of the management team during its early weeks on the head in addition to the demobilization of hundreds of employees. Through a background in video and technology games, including the 16 -year -old Google range, Alexre tries to give parents to the UNIVISION broadcasting network in the twenty -first century, and directs it through the challenges faced by all owners of linear TV assets.
