TelevisaUnivision reported a $52 million loss in the first quarter, up from $3 million a year ago, as the Spanish-language giant invested in its ViX streaming service and its third-party ad-sales business in Mexico.
Adjusted operating income before depreciation and amortization was $328.5 million, down 9%. Excluding a bad debt reversal from a year ago, operating income before depreciation and amortization (OIBDA) would have been down 5%, the company said.
