Univision Communications’ total revenue for the second quarter fell 4.4% to $764.9 million down from $800.3 million during the year-ago quarter. But that didn’t stop net income from rising considerably.
The broadcaster’s net income totaled $106.1 million during the quarter, up nearly $31 million from $74.7 million one year ago. That total included $16.6 million related to a broadcast television station sale in 2014.
“I am very pleased with our quarterly results. Total revenue in the quarter was nearly $765 million and core revenue was up 5%. Net income increased $31 million and we continue to deliver as evidenced by our reduction of net debt by approximately $200 million over the first half of the year,” said Randy Falco, president and CEO of Univision, in a statement. “Furthermore, our strong ratings performance as the number one Spanish-language network in both the May and July sweeps positions us well to monetize our diverse assets and premier brand. We are also focused on driving our next phase of growth by leveraging emerging technologies and unique consumer experiences as the media and technology industries continue to converge.”
Univision’s media networks segment saw its revenue decrease 4% to $698.1 million, down from $727.2 million one year ago. The segment’s advertising revenue fell 18.1% to $404.3 million, due in part to tougher comps for the year-ago quarter that were lifted by the Copa America Centenario soccer tournament, as well as declines in network advertising due to weak scatter volume and softness in the local television business, the company said.
While network ad revenues sank, the segment was buoyed by subscriber fee revenues of $259.2 million, up from $196.6 million in the year-ago quarter.