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TelevisaUnivision is having its best upfront in terms of volume in nearly a decade.
Today, the company became the fourth publisher to finish talks, following NBCUniversal, Paramount and Fox. And in addition to TelevisaUnivision having its best volume at the upfront in almost 10 years, a record number of advertisers participated.
According to a source familiar with the matter, the Spanish-language media company “bucked industry trends for both price and volume,” helping take revenue share from the general market/English-language media and further closing the pricing gap.
The company grew revenue across all of its national platforms, including delivering growth for ViX, which is seeing “record numbers” for demand and volume. Overall, there was volume growth in the high-single digits, the company saw increased volume across its core linear business and it was able to grow overall broadcast CPMs (cost per thousand viewers reached).
According to the source, roughly 80% of advertisers who bought across the company’s linear networks also enhanced their buys for incremental reach with ViX. That’s up from 70% last year.
Sports continues to be a huge growth driver for the company, with strong demand for soccer, including the company’s Liga MX offering and the upcoming 2023 Copa America tournament. Plus, the company had strong demand for its upcoming Spanish-language Super Bowl broadcast, with “record-setting” CPMs, which were the highest ever achieved by its sports division.
Music tentpoles, including the Latin Grammys, had solid demand and pricing. There were also new highs in revenue for the company’s audience and creative capabilities, such as TelevisaUnivision’s Hispanic Household data graph, which was a key driver of audience revenue, fueling incremental volume from all major holding companies.
Regarding categories, insurance, auto and telco drove growth, with insurance growing north of 100%.
Wade Davis, the company’s CEO, previously gave an optimistic outlook on the upfront at TelevisaUnivision’s most recent earnings call.
“Looking ahead, from a timing perspective, we’re progressing towards closing are U.S. upfront on the same timeline as the rest of the industry. The timeline is pretty much the only thing we’ll have in common with the rest of the industry in the upfront,” Davis said. “Early data indicates we’re going to have yet another year where we take meaningful share from English-language broadcasters. In addition, we expect to fare better than the market on pricing.”
