TelevisaUnivision Posts Q1 Loss but Projects Streaming Profits in Second Half of 2024 [Yahoo! Finance]
Netflix, Inc. (NFLX)
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Source: Yahoo! Finance
of its growth come from its Mexican operations while U.S. revenue stays flat with year-earlier results. The company, which operates the Univision TV network, said operating expenses grew 16% during the first quarter, to $821 million, driven by continued investments in its ViX streaming service and the expansion of a third party ad-sales business in Mexico. More from Variety Meta Q1 Revenue Jumps 27% and Profit Doubles to $12.4 Billion, Stock Falls on Weak Sales Outlook and AI Spending Forecast Spotify Q1 Results: User Growth Slows, Streamer Swings to Profit as It Hits 239 Million Premium Subscribers Netflix Adds 9.33 Million Subscribers in Q1, Blowing Past Estimates to Reach Nearly 270 Million Total Revenue during the quarter improved 7%, to $1.1 billion, but the bulk of that was contributed by TelevisaUnivsion's Mexican TV assets. Revenue from Mexican operations rose 23%, to $409 million. But revenue from U.S. businesses — a bigger part of the company's overall financial
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