TelevisaUnivision Q2 2025 Earnings Report: Advertising Drop, ViX Subs

Spanish-language media giant TelevisaUnivision reported a 2 percent U.S. revenue gain to $816 million in the second quarter of 2025 as a 2 percent advertising revenue drop was outweighed by a 9 percent gain in subscription and licensing revenue. Its earnings report came after the firm had last week warned of U.S. advertising “softness” and foreign exchange impacts, saying they had hit its latest quarterly results.

The U.S. ad drop reflected “a sequential improvement versus the first quarter as growth in ViX and linear ratings stabilized driven by the strong performance of our sports content,” the company said.

TelevisaUnivision, led by CEO Daniel Alegre, on Tuesday also gave an update on its streaming business, which had “achieved profitability after just two full years in the marketplace” last year. “ViX delivered double-digit growth year-over-year with global subscribers now well above 10 million,” the company said.

It had previously reported that it had ended 2023 with 7 million subscribers. 

TelevisaUnivision’s total revenue in the second quarter dropped 4 percent to $1.21 billion, as Mexican advertising revenue dropped 11 percent, for a total company ad decline of 5 percent. Total subscription and licensing revenue came in steady as the U.S. gain was outweighed by a 23 percent decrease in Mexico. That included growth in “ViX’s premium tiers in both geographies, offsetting linear platform declines primarily related to the renewal cycle with a key distribution partner in Mexico.”

Operating expenses dropped 9 percent to $812 million, weighing on the bottom line. TelevisaUnivision posted quarterly adjusted operating income before depreciation and amortization (OIBDA), a key profitability metric, of $398 million, up 10 percent, driven by, as the company said, “focused execution and continued growth in DTC.”

Said Alegre: “This quarter reflects meaningful progress across our business, driven by a reimagined content strategy that’s beginning to show strategic payoff. By taking a holistic view of our investments –across premium scripted, live sports, and multiplatform content – we’re seeing stronger performance and deeper audience engagement.”

He added: “Our direct-to-consumer business continues to scale, with ViX surpassing 10 million subscribers and delivering double-digit growth through disciplined execution across product and programming. With a fantastic team in place, including new key leadership hires, we’re energized by the continued momentum of our evolution as we head into the back half of 2025.”