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TelevisaUnivision Posts Q1 Loss but Projects Streaming Profits in Second Half of 2024
Spanish-language giant TelevisaUnivision posted a loss in the first quarter of 2024 as growth in expenses outpaced a rise in revenue
Continued investment in streaming contributed to a first-quarter loss for Spanish-language media giant TelevisaUnivision, which is seeing the bulk of its growth come from its Mexican operations while U.S. revenue stays flat with year-earlier results. But revenue from U.S. businesses — a bigger part of the company’s overall financial results — stayed flat at $740 million, despite a first-quarter airing of a Spanish-only version of Super Bowl LVIII on Univision. TelevisaUnivision has been on a mission to lure Madison Avenue to Spanish-speaking American audiences, pressing the notion that its viewership is growing while the crowd flocking to English-language TV rivals is in decline.
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