Univision Communications on Thursday reported a lower second-quarter profit despite a revenue increase.
The Spanish-language media giant saw its bottom line decline from $$82.6 million to $31.8 million as it recorded higher expenses, charges and interest expense, as well as income taxes, where the company swung from a year-ago benefit to a provision.
But adjusted operating income before depreciation and amortization rose 0.3 percent to $253.7 million in the second quarter. Revenue increased 3.8 percent to $613 million as TV and radio revenue improved, while interactive revenue declined minimally.
“Our mission and strategy continue to be validated by the proliferation of Hispanic-focused media outlets in this country, but we remain far ahead of the pack," said Univision CEO Randy Falco. "Univision finished the 2011-2012 broadcast season with more number one nights among adults 18-49 and adults 18-34 than ever before, and we have continued to see our audiences demonstrate engagement at a level that few networks can match."
He added: "Early results of the upfront indicate that many marketers are following the example set by Tapestry and Starcom earlier this year and shifting larger portions of their budgets to Univision and away from both English- and Spanish-language competitors. To new and existing clients looking to tap into the upside potential of the growing Hispanic community, we believe we are the obvious partner.”
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