Variety
·entertainment
·2 hours ago
Higher Expenses Cut Into TelevisaUnivision Q1 Operating Income
TelevisaUnivision reported a 5% increase in Q1 revenue to $1.1 billion, despite operating expenses rising 11% to $752 million due to costs associated with the Winter Olympics. CEO Daniel Alegre noted significant growth in their ViX streaming service and emphasized the company's commitment to enhancing customer engagement. U.S. advertising revenue fell 12% to $310 million amid a competitive market.
Summary by Glance · Variety
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