Univision reported a big second-quarter advertising revenue improvement.
with Mexican TV giant Televisa, reported a big second-quarter advertising revenue improvement.
The company said Thursday that its quarterly profit amounted to $36.6 million, compared with a year-ago loss of $27.3 million. Adjusted operating income before depreciation and amortization , another profitability metric, in the second quarter rose from $242.8 million to $268.8 million. Revenue rose 32 percent to $700.2 million.Quarterly ad revenue jumped 72 percent from the coronavirus pandemic-hit year-ago period to $407.
Core ad revenue, which is adjusted for political and advocacy ads, rose 70 percent. Media networks unit ad revenue increased 66 percent, or 63 percent when looking at core results.
He added: “We continued to expand and invest in our streaming capabilities and offerings with the introduction of new leadership and planned launch of our two-tiered service offering. We further strengthened our content engine with original programming and established important partnerships that will allow us to bring more leading content to more households, across more platforms.
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