TelevisaUnivision Q1 Revenue Tumbles On Advertising Downturn, But Streaming Keys Profit Uptick ...Middle East

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TelevisaUnivision Q1 Revenue Tumbles On Advertising Downturn, But Streaming Keys Profit Uptick
source : DEADLINE ( Middle East ) () 33
TelevisaUnivision’s revenue tumbled 11% in the first quarter compared with the year-ago period, but cost-cutting and progress in streaming lifted profits. Adjusted operating income before depreciation and amortization (OIBDA) climbed 5% to $345 million in the quarter ended March 31. The Hispanic media giant credited “the optimization of our cost base” and profitability in its […]

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