Earnings: Univision Has Big Growth in Online in Third Quarter

Univision’s last quarterly earnings as a public company showed strong gains in its online business. Overall, net income rose 11 percent to $88.1 million, or 26 cents per share, compared with $79.2 million, or 23 cents per share. Sales rose 7.8 percent to $536.1 million. Adjusted profit was 29 cents per share. Univision is being acquired for $12.3 billion by four private equity firms and Haim Saban. No earnings call. Earnings release.
The company’s Univision Online unit saw 40 percent growth in page views and a 49 percent gain in unique visitors compared with a year ago. The company said Univison.com was the most visited Spanish-language site among Hispanic Internet users; the site, which has 11 million unique visitors per month, has been led the category since the first study was conducted in 2001. Also in the 2006 third quarter, Univision.com was named the most visited Spanish-language site among Hispanic internet users, according to Simmons Research. The study found that Spanish-dominant and bilingual Hispanics online visit Univision.com two times more often than Yahoo en Espanol and AOL Latino, four times more often than MSN Latino and 20 times more often than Terra.com.
Reuters: “The Spanish-language broadcaster continues to benefit from a strong advertising market for the U.S. Hispanic community.”

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