Hispanic giant Univision posted double digit Q2 gains in both net revenue and OIBDA year-over-year. The net revenue gains came on the TV and digital fronts, with radio coming home perfectly flat. But radio’s OIBDA results allowed it to join the double-digit party.
Overall, net income grew 10.4% from $613M to $676.5M, and OIBDA grew 17.6% from $253.7M to $298.3M.
TV net revenue improved from $508.1M to $565.8M; radio was flat at $89.7M, and digital grew from $15.2M to $21M.
In terms of OIBDA, television jumped from $228.6M to $264.3M; radio from $27.1M to $30.6M, and digital made $3.4M after losing $2M during Q2 2102.
Describing the results, Univision President/CEO Joey Falco said, “We had another strong quarter, marked by financial and ratings growth. We also had a very successful Upfront – which tells us that our aggressive push to take share from the English-language networks is working. We are continuing to build on our momentum and extend our ongoing multiplatform evolution to meet and exceed the growing demands and preferences of our audiences. This was evidenced during the quarter by our strategic investment in the English-language cable network ?El Rey,‘ which we expect will further expand our reach, grow our revenue streams and help connect us in both languages of our audience and remain the ultimate resource for the U.S. Hispanic community.”
Falco continued, “With the recent conclusion of the July sweep, Univision finished as the #1 network in primetime among both Adults 18-49 and 18-34 – which is a first for Univision among Adults 18-49 in any sweep and another significant milestone marking our influence on the industry. This incredible performance was built on our strong ratings during the second quarter, where Univision ranked as the #4 network in primetime among Adults 18-34, edging out CBS by 6%, and maintained our #5 position among Adults 18-49 and Total Viewers 2+ in primetime. We also saw material growth from our digital efforts, as we more than doubled the video impressions across our online and mobile platforms combined compared to the 2012 second quarter. We had the #1 Spanish-language radio station in the quarter among Adults 18-34 in 9 of the top 13 Univision markets where Arbitron‘s® Portable People Meter is used. With a number of new distribution deals in the works, the upcoming launch of our joint venture with ABC, Fusion, and strong programming offerings for the 2013-2014 season, we look forward to a promising second half of the year.”