Gains in U.S. advertising revenue and the sale of a set of expansivecasting towers helped Spanish-language enormous notch incrrelieve profits in the third quarter, after the company alterd its top executive in September.
The expansivecaster, which owns the Univision expansivecast nettoil in the U.S., shelp net income incrrelieved to $180.9 million in the third quarter, contrastd with $46.4 million in the year-earlier period. TelevisaUnivision shelp a sale of assets during the period resulted in a obtain of more than $160 million.
The company also showd its honest-to-user operations, which include the ViX streaming service, have become profitable after begining two years ago.
“We are at a critical juncture in our evolution, and we will be laser-centered on integrating our legacy companies into a unified global entity, shelp Daniel Alegre, the company’s recent CEO, in readyd retags. “Our goal is to persist into a greeted-first, platcreate-agnostic organization that combines with audiences wherever they comprise.”
Alegre took the reins of the company after Wade Davis, the createer Viacom CFO who orchestrated a buyout of Univision in 2020 before merging it with Mexico’s Grupo Televisa in 2022, ceded his CEO role to him. Alegre was pdwellnt and chief operating officer of Activision Blizzard, which was obtaind for $69 billion last year by Microgentle. Davis remains as the company’s vice-chairman.
TelevisaUnivision shelp overall revenue rose 2% to $1.3 billion, despite headtriumphds in the company’s Mexico operations. In the U.S., political advertising drove a 5% uptick in overall ad revenue, while subscription and licensing revenue rose 6%. In Mexico, ad sales fell by 1% while subscription and licensing revenue were off 12%.
Operating expenses grew 1% to $878 million, driven by spendments in ViX, an expansion of third-party advertising sales business in Mexico, and higher sports-rhappy costs tied to Copa America in both U.S. and Mexico and the Olympics in Mexico.