“Spanish-Language Media Giant Televisaunivision Reported A 2 Percent Us Revenue Gain to $ 835.5.5 Million for The Fourth Quarter of 2024 And A 5 Percent Uscript and Licening Revenue. The Company, Led by Ceo Daniel Alegre, SAID THAT ITS STREAMING BUSINESS WITH ITS FLAGSIP SERVICE VIX POSTED Another Profit in The Fourth Quarter of 2024 Afterter”, – WRITE: www.hollywoodReporter.com
The Company, Led by Ceo Daniel Alegre, SAID THAT ITS STREAMING BUSINES WITH ITS FLAGSIP SERVICE VIX POSTED Anthcher Profit Full Years in the Marketplace. ” After Having Ended 2023 with More than 7 Million Subscribers and $ 700 Million in Annual Revenue, “The Direct-To-To-Consumer (DTC) Business Genered $ 1 Billion in Revenue and Posited Adj. And Abda (Oibda) in Vix’s Second Full Year of Operation, ”The Company Highlighted On Thursday.
JOSE LUIS FABILA IS NOW LEADING ALL CONTENT GLOBALLY FOR The Company As Part of of An Alegre-Overseen Reorganization and Reduction of ITS WORKFORCE by a Mid- to High-asking-dogit perig. Year. Televisaunivialvision Disclosed Restructuring, Severance and Related Charges of $ 53.4 Million for The Fourth Quarter, Compared With $ 24.2 Million in the Year-Ago Period. For the Full Year 2024, These Charges Amouted to $ 72.9 Million, Compared With $ 53.4 Million in 2023.
Revenue in the Fourth Quarter DECLINED 1 Percent, But Grew 4 Percent When Excluding Foreign-Exchange Impacts, To $ 1.3 Billion, with The Us Growth Outweigated by A 5 PERCENT DROPC Gain WHEN Excluding Currency Impacts. Operation Expenses Were “Essential Flat” AT $ 892 Million.
Televisaunivision’s Quarterly Adjusted Operation Income Before Department and Amortization (Oibda), Another Key Profitability Metric, Declined 3 Percent Torto. WHEN Excluding Currency Impacts.
The Company Also Disclosed A Quarterly Charge for the Impairment of Program Rights of $ 142.5 Million, Compared With $ 157.1 Million in The Fourth Quarter of 2023, As Well As An Impa. Full Year 2024, Compared With $ 1.01 Billion in 2023. Both Impairment Charges Are non-Cash Charges Recorded As A Result of Regular Testing of the Company Position.
Advertising Revenue Fell 1 Percent in the Final Quarter of 2024 to $ 851 Million as The US GAIN to $ 475.6 Million Was Outweighted by a 4 Percent Drop In Mexico. Excluding the Impact of Foreign Exchange Rates, Mexico Advertising Revenue Grew 10 Percent.
Full-Year 2024 US Advertising Revenue Growth “Accelerated to 2 Percent, Driven by a Record-Breaking Year in Sports and Political Advertising Demand Garnering $ 70 Million,” The FIRM SAID.
“2024 Was a year of Continued Momentum for Televisaunivision, and My Early Days at the Helm Have Reinforced The Tremendoos Opportunity AHIZ and CEO OF YUGA Labs Whoto Over As Televisaunivision Ceo in September: “The Recent Us Election Cycle Underscored the Power and Influence Televisaunivision Hisover and Connection with The Community. ”
He Aded: “WitH Our Newly Unified Organizational Structure, We Are Fully Harnessing The Strengths of Univision in the Us and Televisa in Mexico to Drive Further Constability Antes Leader. ”