TelevisaUnivision Q1 Revenue Stays Flat As CEO Daniel Alegre Warns Of Summer Competition From World Cup

TelevisaUnivision posted a mixed set of first-quarter results, as CEO Daniel Alegre warned of U.S. competitive challenges in June and July from World Cup soccer airing on rival networks.

Total revenue across the U.S. and Mexico inched up 5% to $1.075 billion. Adjusted operating income before depreciation and amortization [OIBDA] fell 6% from the year-earlier period, coming in at $323.3 million. U.S. advertising slipped 12% to $309.9 million.

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