ViX and Mexico lift TelevisaUnivision revenue in Q1
TelevisaUnivision reported increased revenue in its first financial quarter, driven by gains in its Mexico operations and its ViX streaming platform. However, operating income was trimmed due to higher operating expenses stemming from the company's broadcast of the Winter Olympics.
Key Takeaways
- First-quarter revenue rose at TelevisaUnivision, driven by Mexico operations and ViX.
- Operating income fell after higher operating expenses linked to Winter Olympics broadcasts.
- The company’s broadcast of the Winter Olympics increased costs in the quarter.
Why It Matters
The quarter shows TelevisaUnivision’s streaming and Mexico businesses contributing to revenue growth, while event-heavy broadcasting can still pressure operating income. For StreamingMeme readers, the mix matters: ViX is part of the revenue lift, but the Winter Olympics broadcast added enough cost to trim profitability. The key watch point is whether TelevisaUnivision can keep revenue growing from Mexico and ViX without similar expense spikes in future quarters.
Read full article at hollywoodreporter.com
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