• Loading stock data...
Tuesday, July 16, 2024

TelevisaUnivision Revenue Hits $1.1B Amid Streaming Launch

  • TelevisaUnivision's revenue grew 11% to $1.1 billion in the second quarter.
  • The company is spending heavily on soccer rights.
Televisa Univision

The dominant player in the American Spanish-language media market is investing heavily in soccer rights as part of its streaming push.

TelevisaUnivision recorded an 11% year-over-year increase in revenue to $1.1 billion but took a $7.5 million loss in the second quarter, compared to a $54.4 million profit in Q2 2021.

  • The company, which claims a 63.2% market share of Spanish-language television in the U.S. during prime time, launched its ad-supported streaming service ViX in March, and paid service, ViX+ last week.
  • “We are investing a significant amount of incremental dollars in content and sports rights [for ViX] above and beyond our networks,” said TelevisaUnivision president Pierluigi Gazzolo.
  • In May, the network struck deals for UEFA’s Euro 2024 and Euro 2028 tournaments and the Concacaf Champions League.

Televisa and Univision closed their $4.8 billion merger in January. The company announced a $1.5 billion debt refinancing last month.

‘Home of Soccer’

The self-proclaimed “home of soccer” also holds rights to MLS at $15 million per season, as well as those for La Liga, Liga MX, Copa America, and Copa MX. It also has partnerships with NFL and MLB teams, and holds rights to Combate Americas.

Advertising revenue grew 11% year-over-year in Q2 to $668.6 million, and the company expects a bump in the second half from the World Cup.

Copy Link
Link Copied
Link Copied

What to Read

Jul 14, 2024; Miami, FL, USA; fans rush the gates before the Copa America Final match between Argentina and Colombia at Hard Rock Stadium.

Copa América Fallout: Greater Logistical Challenges Await 2026 World Cup

Argentina beat Colombia after unticketed fans entered the stadium.

Fox Sports Is Winning Its Bet on Soccer Media-Rights Deals

The network has media rights to Copa América and Euro 2024.

NFLPA Report Cards Have Become the ‘Talk of the Locker Room’ Across..

NFLPA report cards have become the ‘talk of the locker room.’
Jun 19, 2024; St. Louis, Missouri, USA; St. Louis CITY SC goalkeeper Roman Burki (1) looks on during a match agains the Colorado Rapids at CITYPARK. Mandatory Credit: Joe Puetz-USA TODAY Sports

The Highest-Paid MLS Goalkeepers

Roman Burki leads all as the highest-paid MLS goalkeeper of 2024.  His $1.53 million salary with St. Louis is $600K more than the next closest goalkeeper.
podcast thumbnail mobile
Front Office Sports Today

Formula E is Powering Its Own Future


Featured Today

Jan 7, 2024; Nashville, Tennessee, USA; Jacksonville Jaguars wide receiver Calvin Ridley (0) reacts after scoring a touchdown against the Tennessee Titans during the first half at Nissan Stadium.

Without Hard-Line Bans, Pro Athletes and Personnel Will Keep Betting on Sports

Penalties often aren’t stringent or consistent enough to deter banned behavior.
Oct 2, 2021; Miami Gardens, FL, USA; NFL commissioner Roger Goddell speaks during the Don Shula Celebration of Life at Hard Rock Stadium.
July 13, 2024

The NFL Is Confident It Can Overturn the Sunday Ticket Verdict

The league may have good reason to believe it can win.
July 7, 2024

The New College Sports Insiders Are Graphic Designers

Joe Tipton and Hayes Fawcett have become premier news-breakers on social media.
Oct 27, 2023; Sacramento, California, USA; A general of the Sacramento Kings logo on the court before the game against the Golden State Warriors at Golden 1 Center.
July 6, 2024

How Sports Went From Private Equity Punchline to Coveted Asset Class

Once an industry punchline, sports are now a coveted asset class.

Silver Lake to Take Endeavor Private, Ending Tough Stock Market Run

Private equity giant Silver Lake is set to acquire the remaining shares it didn’t already own.
Exterior of Nike Company Store
February 16, 2024

Nike to Lay Off 2% of Its Workforce in Cost-Savings Effort

The sportswear giant hinted at staff cuts in a December earnings call.
February 16, 2024

DraftKings Trends Toward the Black, Buys Lottery App

The sports gambling giant continues to narrow its losses.

TopSpin 2K25 Brings the Legends of Tennis to Your Living Room

2K sports is reviving a classic with TopSpin 2K25.
February 7, 2024

ESPN DTC to Debut by Fall 2025, but Streaming Alliance Hastens Market Entry

Date set for stand-alone version of network, but new joint venture will beat that by a year.
January 22, 2024

They Make Sports Balls—and They Could Be Worth Almost $9 Billion

Amer Sports looks to raise as much as $1.8 billion in the public markets.
A view of a FanDuel sportsbook location.
January 18, 2024

FanDuel Strengthens U.S. Dominance Ahead of NYSE Debut

Flutter posts strong financial results as NYSE shares are set to debut Jan. 29.
The swoosh logo at Nike Eugene.
September 28, 2023

Nike Misses Revenue Wall Street’s Projections, But Company’s Stock Soar

The company offset the shortfall by exceeding expectations in earnings per share.