Univision Communications Inc. (UCI) announced financial results for the third quarter ended September 30, 2017.
• Total revenue for the third quarter 2017 increased 5.9% to US$778.2 million compared to US$734.8 million for the same prior period. Total core revenue for the third quarter 2017 increased 3.9% to US$725.5 million compared to US$698.5 million for the same prior period. On a pro forma basis assuming all 2016 acquisitions occurred on January 1, 2016, total core revenue increased 1.0% to US$725.5 million from $718.0 million.
• Net income attributable to Univision Communications Inc. for the third quarter 2017 was US$104.0 million compared to net loss attributable to Univision Communications Inc. of US$30.5 million for the same prior period. Net loss attributable to Univision Communications Inc. for the third quarter 2016 included a non-cash pretax impairment loss of US$199.5 million primarily related to the write-down of broadcast licenses and a trade name in the Radio segment.
• Adjusted OIBDA for the third quarter 2017 increased 6.9% to US$339.8 million compared to US$317.9 million for the same prior period. Adjusted Core OIBDA increased 13.2% to US$322.0 million from US$284.5 million. On a pro forma basis, Adjusted Core OIBDA increased 16.4% to US$322.0 million from US$276.6 million.
• The Company continues to deleverage and has reduced total indebtedness, net of cash and cash equivalents by US$506.7 million for the third quarter 2017, and by US$721.0 million for the nine months ended September 30, 2017.
“Our financial results for the quarter reflect growth across revenue, net income, and Adjusted OIBDA. We continued to reduce our debt and improve our capital structure, highlighted by our US$721 million net debt reduction year to date,” said Randy Falco, president, and CEO of Univision Communications Inc.
“We finished as the #1 Spanish Language Network for the 25th consecutive broadcast season and continue to have the #1 Spanish Language Sports and Cable Networks. We reinforced our position as the home of soccer in the U.S. with the successful Gold Cup tournament and launch of the new Liga MX season. I am also very proud of our response to the recent natural disasters that devastated many of our communities as well as the position that we have staked out on DACA and other issues that are important to the audience that we serve,” he added.