TelevisaUnivision released its Q2 2025 financial results, highlighting significant progress in key operational and financial metrics. The company reported adjusted OIBDA of $398 million, up 10% from $362 million in the same quarter of 2024, according to the official report. This performance was driven by continued growth at ViX, which surpassed 10 million global subscribers with double-digit expansion rates, and strict cost discipline that cut operating expenses by 9% to $812 million, thanks to lower content, technology, and marketing investments, as well as normalized DTC spending.
Daniel Alegre, CEO of TelevisaUnivision, emphasized: “We are seeing disciplined execution and stronger audience engagement thanks to a reimagined content strategy. ViX continues to scale with more than 10 million subscribers and sustained growth. The second quarter confirms the strength of our portfolio, supported by marquee sports events that drove our audience and monetization.” He added that the company benefits from a renewed team, more efficient capital allocation, and a disciplined focus on strategic priorities to maintain growth and create value in the second half of 2025.
Total revenues came in at $1.210 billion, flat year-over-year, with 2% growth in the U.S. reaching $816 million, while Mexico posted a 14% decline to $394 million, mainly due to exchange rate effects. Advertising revenues totaled $742 million, a 5% year-over-year decline, although in the U.S. the drop was just 2%, supported by major sports events like the CONCACAF Gold Cup and the FIFA Club World Cup, which also drove record audiences and strong ad demand. Subscription and licensing revenues held steady at $443 million, and grew 2% excluding FX impact. In the U.S., this segment rose a solid 9% to $348 million, reflecting greater penetration of ViX and linear networks.
ViX remains a key pillar of the direct-to-consumer strategy, with over 10 million global subscribers and sustained growth, bolstered by new initiatives such as integration with Disney+ in Mexico and the inclusion of TelevisaUnivision’s networks in the basic Hulu + Live TV package in the U.S., following a July agreement.
The company also strengthened its balance sheet by refinancing $1.5 billion in debt, extending maturities from 2027 to 2032, which reduced financial leverage from 5.8 times OIBDA in the previous quarter to 5.5 times at the end of Q2. Operating cash flow improved significantly to $272 million, compared to $88 million in the same period of 2024, and cash on hand closed at $585 million.
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