Led by Mexico, total revenue grew 11 percent, 'continuing to drive our leadership position in Spanish-language streaming with ViX — all through a disciplined approach in which our core business continues to offset our investments in streaming,' said CEO Wade Davis.
In Mexico, quarterly advertising revenue jumped 29 percent, or 14 percent excluding the impact of foreign currency exchange impacts, “driven by growth across all sectors in both linear and streaming,” TelevisaUnivision emphasized. Mexican subscription and licensing revenue rose 27 percent, or 16 percent excluding the foreign currency impact, “driven by ViX’s premium tier, as well as growth in linear subscribers and pricing.
Engagement on streaming service VIX continues to increase, with the firm citing a 17 percent gain in total streaming hours in the second quarter compared to the previous quarter. In May, it announced that monthly active users on ViX had surpassed 30 million. Total second-quarter revenue grew 11 percent to $1.2 billion, led by a 14 percent subscription and licensing gain and 10 percent ad growth. Operating expenses in the latest period jumped 17 percent to $846 million amid investments in ViX, including in original content, sports rights, marketing and technology.
CEO Wade Davis lauded the financial momentum in the April-June period.
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