U.S. HISPANIC
UCI total revenue decreased 7.8% to US$780.7 million in 4Q 2017
Maribel Ramos-Weiner| 15 de febrero de 2018
Univision Communications Inc. announced financial results for the fourth quarter and year ended December 31, 2017.
Some of the fourth quarter 2017 results compared to fourth quarter 2016 results were: Total revenue decreased 7.8% to US$780.7 million from US$846.5 million; total core revenue decreased 2.9% to US$746.7 million from US$768.9 million; net income attributable to Univision Communications Inc. was US$386.7 million compared to US$$108.0 million; the adjusted OIBDA decreased 11.0% to US$347.0 million from US$390.1 million. The adjusted core OIBDA4 decreased 2.0% to US$316.4 million from $323.0 million. Also, the interest expense decreased to US$98.4 million from US$115.0 million.
The full year 2017 results compared to the full year 2016 results show that the total revenue decreased 0.8% to US$3,016.4 million from US$3,042.0 million; total core revenue increased 2.6% to US$2,906.8 million from US$2,832.2 million.
“On a pro forma basis assuming all 2016 acquisitions occurred on January 1, 2016, total core revenue was essentially flat at US$2,906.8 million from US$2,910.9 million” noted the UCI’s press release.
Also, net income attributable to Univision Communications Inc. was US$654.9 million compared to $218.9 million.
The adjusted OIBDA decreased 3.4% to US$1,288.1 million from US$1,333.1 million. The adjusted Core OIBDA decreased 0.6% to US$1,220.6 million from US$1,228.1 million.
Also, the Company reduced total indebtedness, net of cash and cash equivalents by US$876.7 million for the year ended December 31, 2017.
“Univision delivered over US$3 billion in revenue, US$655 million of net income, and nearly US$1.3 billion in EBITDA in 2017. We continued to reduce our debt and improve our capital structure, highlighted by our US$877 million net debt reduction for the year,” said Randy Falco, president, and CEO of Univision Communications Inc.
He added that their portfolio continues to draw larger audiences than their competitors, “due in no small part to our unique engagements and powerful relationships with the U.S. Hispanic community that differentiate Univision from any other media company. Time after time in 2017, I was proud of how our team brought to life the enduring power of our brand when our audience needed us the most,” Falco ended.
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