Univision Royalties Lift Televisa’s Q2

Mexican Firm’s Royalties from U.S. Broadcaster Hit $70M

Mexico City-based Grupo Televisa, the world's biggest producer of Spanish-language content, this month said that second-quarter profit was 31% higher than the same quarter of 2012, mostly due to lower financing costs.

Quarterly total revenue was $629.7 million, up 5.1% year over year.

The company also said that quarterly royalty from Univision was a record-high $70.5 million, 9.9% more than the 64.2 million received in the same period of 2012.

Televisa said it signed up 41,000 new cable TV subscribers in the latest quarter to end it with 2.41 million. It also added 233,000 satellite TV customers to bring its total count to 5.65 million.