U.S. HISPANIC
Univisións net revenue for 3Q of 2010 increases by 9.1%
Maribel Ramos-Weiner| 7 de noviembre de 2010
Univision Communications Inc. announced financial results for the third quarter and nine months, which ended September 30, 2010. For the third quarter of 2010, net revenue increased 9.1% to $575.0 million from $526.8 million in 2009 and adjusted operating income before depreciation and amortization (―OIBDA‖) decreased 0.3% to $231.7 million in the third quarter of 2010 from $232.5 million in 2009.For the nine months, which ended September 30, 2010, net revenue increased 14.5% to $1,668.5 million from $1,456.6 million in 2009 and OIBDA increased 11.6% to $683.9 million from $612.9 million in 2009.The 2010 FIFA World CupTM contributed an estimated $25.6 million and $100.4 million of incremental net revenue, respectively, and the incremental impact of the World Cup was a decrease of an estimated $0.4 million in OIBDA during the third quarter and an increase of an estimated $4.5 million in OIBDA during the nine months that ended on September 30, 2010.Excluding the impact of estimated World Cup incremental net revenue, consolidated net revenue for the third quarter and nine months that ended September 30, 2010 increased 4.3% and 7.7%, respectively, as compared to the third quarter and nine months, which ended September 30, 2009.The Company continues to benefit from a marked recovery in the advertising markets, and delivered double-digit increases in organic growth during this Upfront. The agreement reached with Televisa will provide numerous benefits to our audience, clients, and employees as we move forward with access to its world class content across digital and traditional media platforms. We have also been able to take important steps to strengthen our balance sheet by amending and extending our bank credit facilities, thereby securing longer-term access to capital the Company needs to realize its growth, said Joe Uva, President and Chief Executive Officer of Univision Communications.
