Univision Narrows Loss in Q4Revenue Rises for TV, Digital 2/21/2013 5:06 AM Eastern
Univision Communications reduced its net loss in the fourth quarter as revenues increased.
The company's net loss was $27.7 million, down from $355.9 million a year ago, when the company had a $427.7 million provision for income taxes.
Adjusted operating income before depreciation and amortization rose 5% to $289.3 million from $275 million as a jump in digital income offset a decline in the television business.
Revenues rose 9% to $672 million from $617 million a year ago.
"By expanding and evolving our offerings to meet the demands of our dynamic community, we are now reaching Hispanic audiences in more ways than ever before through 12 networks," Randy Falco, president and CEO, said in a statement. "I am committed to continuing to take bold steps to deliver a Univision branded experience everywhere our audience is and anywhere they want to connect and engage."
Univision's television unit's operating income slipped to $238.5 million from $247 million a year ago. TV revenue rose to $543 million from $516 million.
Operating income for digital was $16.3 million, compared with a $500,000 loss a year ago. Digital revenues rose to $39.6 million from $16.8 million a year ago.