Univision Revs Zoom, But Radio Dips
July 29, 2010: Univision Communications saw revenues roll up 23.2 percent in the second quarter, to $639.8 million from $519.5 million in the same period in 2009. OIBDA was up 20 percent, to $272 million from $226.6 million in the same period in 2009.
The World Cup contributed considerably to that, bringing in about $73.6 million in the quarter, and Univision's TV revenue was up 27.9 percent, to $530.1 million from $414.4 million, while interactive nearly doubled, to $19.8 million from $10 million.
Radio revenue was down about 5.5 percent, to $89.9 million from $95.1 million. But Univision pointed out that its stations in Austin and New York outpaced the Q2 growth of all the other stations in the market, according to Miller Kaplan.
"We achieved strong results in the second quarter 2010, building on our very solid foundation of performance in the first quarter of the year," Univision President/CEO Joe Uva said. "Our very solid foundation of performance in the first quarter of the year. We have made significant strides both compared to last year and the previous quarter, growing second quarter 2010 revenues 23 percent year-over-year and 41 percent as compared to the first quarter of 2010. In the second quarter, the 2010 FIFA World Cup was without a doubt a tremendous highlight for us and was our most successful World Cup to date."
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