The FIFA World Cup accounted for some $25.6 million of incremental revenue in Q3 of 2010, so Univision Communications was working against a pretty tough comp. Even so, Q3 2011 revenues were up 1.7% to $584.6 million.
“Univision’s solid third quarter results reflect the continuing strength of our multi-platform properties, including our flagship television network, which beat ABC, CBS, NBC and FOX to rank #1 in primetime among Adults 18-34 for the entire third quarter. Our performance extends beyond our ratings success and financial results. In the nine months since our landmark agreement with Televisa, Univision has positioned itself to harness the full power of our expanded content, capabilities and resources to diversify revenue streams. In addition, we have been managing expenses in a challenging macroeconomic environment and capitalizing on the groundswell of advertiser demand following the 2010 Census,” said CEO Randy Falco.
Adjusted OIBDA was up 1.9% in the quarter to $236.2 million.
Television, of course, accounted for the bulk of the company’s revenues. (Click here for Univision Radio financial results.)
TV revenues were up 1.7% to $480.9 million and OIBDA gained 3.6% to $207.7 million.
As for the current pacings, CFO Andy Hobson told investors and analysts that Q4 is pacing flat for the local TV stations, up for the TV network business and that core business for radio will also be up.