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### TelevisaUnivision Reports Stable U.S. Revenue in Q1 2024

The Spanish-language media giant TelevisaUnivision has reported virtually unchanged U.S. revenue of $739.9 million in the first quarter of 2024. This stability was achieved despite a 4 percent drop in “other” revenue, thanks to growth in subscription and licensing revenue, as well as a minimal increase in advertising revenue. The company also highlighted its streaming business, which boasted over 7 million subscribers at the end of 2023 and is expected to become profitable by the latter half of 2024.

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### Segmented Revenue Performance

While the U.S. advertisement revenue saw a decline due to some softness in linear networks, Mexico experienced a 19 percent surge in advertising revenue to $249 million. This growth was primarily attributed to private sector expansion from new and existing clients across linear and direct-to-consumer platforms, leading to a 7 percent increase in total ad revenue for the latest period, totaling $648 million.

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### Subscription and Licensing Revenue Trends

TelevisaUnivision noted that growth in subscription and licensing revenue in both the U.S. and Mexico was primarily driven by ViX’s premium tier. However, the company’s linear platforms continued to experience subscriber losses. To counter this trend, TelevisaUnivision is gearing up to launch a new ViX Premium with Ads tier, with management anticipating a positive impact on streaming growth.

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### Overall Financial Performance and Outlook

Total company revenue in the first quarter saw a 7 percent growth to $1.1 billion, driven by the company’s direct-to-consumer (DTC) business globally and linear networks in Mexico. Operating expenses, however, increased by 16 percent to $820.5 million, impacting the bottom line. Despite challenges, TelevisaUnivision remains optimistic about the future, with CEO Wade Davis expressing confidence in the company’s strategic initiatives and profitability outlook.

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In conclusion, TelevisaUnivision’s strong revenue growth, focus on strategic initiatives, and debt reduction efforts position the company for a successful year ahead, with opportunities in advertising and DTC business contributing to future profitability and growth.

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