While not a publicly traded company, Univision Communications has long been transparent in sharing its quarterly earnings results with the public. On Thursday (8/12), the nation’s largest Hispanic-focused media organization did just that.
How did Univision do in Q2? The “Media Networks,” housing its visual media offerings including Univision’s television assets, enjoyed a revenue rebound that single-handedly swung the company from a net loss to net income.
And, despite a big year-over-year revenue jump, Univision Radio‘s net loss widened from the COVID-19 impacted Q2 2020. It is due to a sizable impairment loss.