Univision Net Income Turns Positive in Third Quarter

By Jon Lafayette
( Broadcasting & Cable )
published

Univision Communications net income swung into positive territory in the third quarter.

The Spanish-language media company said net income was $104 million compared with a net loss of $30.5 million a year ago.

Revenue rose 5.9% to $778.2 million, and core revenue was up 3.9% to 725.5 million.

“Our financial results for the quarter reflect growth across revenue, net income and adjusted OIBDA,” said CEO Randy Falco. "We continued to reduce our debt and improve our capital structure, highlighted by our $721 million net debt reduction year to date."

Related: Univision Extends Employment Agreement With CEO Falco

Adjusted operating income for Univision’s media networks was up 8% to $343 million. Revenue was up 7.6% to $713.6  million. Advertising revenue edged up 0.6% to $409.5 million.

Jon Lafayette
Jon Lafayette

Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.