• by Wayne Friedman , October 25, 2023

Boosted by higher subscription revenue, TelevisaUnivision says there was 5% higher third-quarter U.S. revenue to $806.3 million. 

U.S. subscription revenue rose 11% to $329.9 million, coming largely from its ViX premium streaming service, as well as higher fees from linear TV subscribers.

At the same time, the company reported a slight 1% decline in U.S. advertising to $459.4 million, noting a weak performance in local TV advertising.

Taking out political/advocacy ad spend, TelevisaUnivision says there was  3% higher revenue. Sports and other core TV programming series pulled in “record-setting” demand. 

Looking at all its advertising business -- in the U.S. and Mexico -- revenue climbed 7% to $777.4 million. In Mexico alone ad revenues rose 21% to $318 million.

With regard to its direct-to-consumer business (D2C), the company says its net losses improved 60%. For its ViX streaming service, the company has surpassed 40 million monthly active users globally.

Company-wide revenue grew 11% to $1.28 billion with net income 38% higher to $46.3 million.