TelevisaUnivision Q3 Buoyed by World Cup in Mexico, Streaming Revenue — SkimNews
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- TelevisaUnivision reported third-quarter total revenue of $1.4 billion, up 9% from a year earlier.
- ViX's premium-tier expansion and roughly $90 million from sublicensing FIFA World Cup rights across Spanish-speaking Latin America drove subscription and licensing revenue up 30% to $640 million.
- FIFA World Cup telecasts in Mexico produced $389 million of advertising, yet total ad revenue still fell 5% to $717 million.
- U.S. advertising revenue fell 24% to $328 million, partly against a year-earlier period that included the Gold Cup, while U.S. subscription and licensing revenue rose just 5%; Fox and NBCUniversal's Telemundo held the U.S. World Cup rights.
- Television broadcast licenses were written down in a $372 million non-cash impairment, swinging TelevisaUnivision to a $119 million operating loss from $265 million of operating income a year earlier.
- Daniel Alegre, the former Activision Blizzard executive who became CEO in 2024 after Wade Davis ceded the role, has streamlined operations previously siloed by geographic region as the company works to bolster its balance sheet.
- Mexican operations have proved more durable in recent quarters, and Alegre credited the quarter to "disciplined execution against our multiplatform strategy," citing exceptional World Cup results in Mexico and increased engagement across the U.S. fall content slate.
Why it matters: The quarter leaned on event-driven money — roughly $90 million from sublicensing World Cup rights plus $389 million in Mexican World Cup ads — even as U.S. advertising fell 24% to $328 million and a $372 million license impairment produced a $119 million operating loss. For investors, sports-driven revenue growth masked a shrinking U.S. ad business.
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