Net revenues moved forward by 3.8% for multimedia Hispanic giant Univision. With strong ratings, a steady stream of retransmission consent payments and new initiatives, the company expects the growth pattern to continue.
Net revenue for Q2 2012 broke the $600M plane, rising from $590.4M to $613M, while OIBDA was all but flat, posting a modest 0.3% gain to $253.7M.
Randy Falco, President and Chief Executive Officer, said, “Our mission and strategy continue to be validated by the proliferation of Hispanic-focused media outlets in this country, but we remain far ahead of the pack. Univision finished the 2011-2012 broadcast season with more number one nights among Adults 18-49 and Adults 18-34 than ever before, and we have continued to see our audiences demonstrate engagement at a level that few networks can match. Early results of the Upfront indicate that many marketers are following the example set by Tapestry and Starcom earlier this year and shifting larger portions of their budgets to Univision and away from both English- and Spanish-language competitors. To new and existing clients looking to tap into the upside potential of the growing Hispanic community, we believe we are the obvious partner.”
Falco noted the company’s plans to build from its current platform. “In the second quarter of 2012, we worked to bolster our position on the cutting edge of Hispanic media and augmented our digital presence with the launch of our digital network, UVideos. We continue to develop our three new networks, and are forging ahead with our groundbreaking partnership with ABC News. When you consider these initiatives on top of our networks’ strong ratings and the retransmission consent agreements we have already reached with four of our nine major distributors, we believe Univision is on the right track to deliver strong results and continued growth in audience engagement in 2012.”
On the radio side, Univision had the top Hispanic station 18-34 in the following PPM markets: Los Angeles, Houston, Chicago, Dallas, San Francisco, San Jose, San Antonio, Phoenix, Dallas, San Diego and Las Vegas; and was #1 18-49 in Los Angeles, Houston, Chicago, Dallas, San Francisco, San Antonio, Phoenix, San Jose and San Diego.