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TelevisaUnivision Narrows Q4 Loss Despite Streaming Costs, U.S. Ad Dip
TelevisaUnivision narrowed its loss in the fourth quarter despite continuing to invest in streaming and navigating a choppy U.S. ad market
Spanish-language giant TelevisaUnivision said it narrowed its fourth quarter loss from the year-earlier period as increases in ad revenue in Mexico helped buoy the company despite a downturn in the same category in the U.S. and its continued investment in streaming. A new distribution agreement with the large cable operator Charter will include an ad-supported version of ViX and Charter will distribute the company’s linear channels as part of a new streaming package that includes Spanish content. “This is the backdrop for an even stronger 2024 in which we are poised to capture a massive U.S. political opportunity and have sustained DTC profitability on the horizon.”
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