TelevisaUnivision announced Univision 2021 financial results

Spanish-language media and content company TelevisaUnivision announced financial results for the fourth quarter and year ended December 31, 2021 for Univision Communications Inc. In detail, the group disclosed that revenue increased 11.8% over the prior year and increased 5.7% over full year 2019 revenue.

At the same time, advertising revenue increased 22.0% over the prior year and increased 6.7% over full year 2019 advertising revenue. Core advertising revenue increased 28.0% over the prior year and increased 1.5% over full year 2019 core advertising revenue. Adjusted OIBDA increased 5.0% over the prior year despite the firm's significant investments in its streaming business. Excluding the non-cash fair value adjustments resulting from the reorganization, net indebtedness decreased $319.9 million compared to December 31, 2020.

“2021 was a remarkable year for Univision in which we turned around both revenue and EBITDA after more than five years of declines. Our business is firing on all cylinders across the board. Ratings were up, defying the trend plaguing all other companies in the industry. Advertising revenue grew 22% sequentially, after a presidential election year. Subscription revenue accelerated and most recently grew 15% in the fourth quarter. And, of course, last week we announced our upcoming, game-changing launch of ViX,”  said Wade Davis, CEO of Univision.

“In the face of all this progress, it is important to remember that the real transformation will be driven by our recently closed merger and the creation of our new company, TelevisaUnivision. The combination of the two companies creates a fundamentally more complete and higher growth business model. On a combined basis, preliminary 2021 pro forma revenue was $4.2 billion growing 15% with EBITDA of $1.6 billion growing 11% over prior year which clearly illustrates that the combination of the Mexican business has significantly enhanced overall performance,”  Davis continued.