TelevisaUnivision said U.S. revenue gained 2% in the fourth quarter of last year, rising to $835.5 million as U.S. subscription and licensing revenue climbed 5%.
The Spanish-language media company said its flagship streaming service ViX had another profitable quarter. After ending 2023 with more than 7 million subscribers — and annual revenue of $700 million — the DTC business generated more than $1 billion in revenue, the company said Thursday.
The company said restructuring, severance, and related charges for Q4 were $53.4 million, up from $24.2 million a year earlier. For FY 2024, those charges were $72.9 million versus $53.4 million in 2023.
Q4 revenue fell 1%, but it rose 4% when excluding the impact of foreign exchange, to $1.3 billion. U.S. growth was negated by a 5% drop in Mexico, which resulted in a gain of 8% when excluding the impact of currency. TelevisaUnivision’s loss narrowed to $809.7 million from $912.1 million a year earlier.
TelevisaUnivision also reported a Q4 impairment charge of $142.5 million and $157.1 million for the full year 2024. It also reported an impairment loss of $900.2 million in FY 2024, down from $1.01 billion in 2023.
Fourth-quarter ad revenue fell 1% to $851 million. The U.S. gained, but Mexico endured a 4% decline. Without the impact of foreign exchange, Mexico’s ad revenue rose 10%.
“With our newly unified organizational structure, we are fully harnessing the strengths of Univision in the U.S. and Televisa in Mexico to drive further connectivity and expand our impact as a global content leader,” CEO Daniel Alegre said. “Our platforms are home to the best Spanish language content — from dramas and comedies, to live sports, news and events — and we will continue to be steadfast in delivering the most dynamic offerings for our audience and the most impactful solutions for our commercial partners.”
For the full-year 2024 period, U.S. ad revenue growth was 2%, propelled by a $70 million influx in what the company called “a record-breaking year in sports and political advertising demand.”
“2024 was a year of continued momentum for TelevisaUnivision, and my early days at the helm have reinforced the tremendous opportunity ahead of us,” said Alegre, who took over as TelevisaUnivision’s CEO in September: “The recent U.S. election cycle underscored the power and influence TelevisaUnivision has to deliver the Hispanic vote through our reach and connection with the community.”
TelevisaUnivision operates 35 radio stations in the U.S. and owns stations in New York, Los Angeles, Chicago, San Francisco, Dallas, Houston, Miami, Phoenix, San Diego, San Antonio, San Jose, Austin, Monterey-Salinas-Santa Cruz, CA, and Beaumont-Port Arthur, TX.
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