TelevisaUnivision Sees Q3 Revenue Boost from Political Ads

The media giant reports increased profits amid U.S. political ad surge and strategic leadership changes.

TelevisaUnivision's revenue rose by 2% in Q3 2024, reaching $1.3 billion, largely driven by U.S. political advertising.
New CEO Daniel Alegre, formerly of Activision Blizzard, aims to transform the company into a content-first, platform-agnostic entity.
The company's streaming service, ViX, has become profitable just two years after its launch, contributing to the overall financial growth.
Advertising revenue in the U.S. increased by 5%, with a notable boost from political ads in the presidential election year.
Despite challenges in Mexico, including a 5% revenue drop, TelevisaUnivision managed to pay down $150 million in debt this quarter.