Grupo Televisa SAB
F:TLV

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Grupo Televisa SAB
F:TLV
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Price: 2.42 EUR 0.83% Market Closed
Market Cap: 1.3B EUR

Grupo Televisa SAB
Investor Relations

Grupo Televisa SAB stands as a media titan in the bustling landscape of Latin American television, deeply intertwined with the cultural fabric of Mexico. Emerging from modest beginnings, Televisa has grown to become the largest Spanish-language media company in the world. Its vast portfolio encompasses not only television production and broadcasting, which are its core operations, but also a wide array of other ventures. This includes cable television, publishing, telecommunication services, and digital media. Televisa's content-rich television offerings feature a mix of telenovelas, reality shows, sports, news programming, and game shows, capturing the diverse tastes and preferences of its audience. The company's channels are household names, and its strategic content distribution partnerships with Univision ensure that its programming reaches audiences in the United States, making it a vital communications bridge between Hispanic cultures.

Televisa's revenue streams are as diversified as its operations. The lion's share of its income is derived from television advertising—a testament to its wide reach and influence. In addition to traditional ad revenues, Televisa capitalizes on subscription fees from its cable services, internet offerings, and satellite television through its Sky Mexico platform. Moreover, with the digital era reshaping media consumption, Televisa has embraced digital monetization, expanding its online content distribution. Its publishing arm adds an additional revenue layer, with magazines and printed media catering to various interests. Finally, Televisa’s telecommunications infrastructure allows it to offer bundled services, including internet and telephony, further widening its revenue base. In the dynamic world of media and telecommunications, Grupo Televisa SAB continues to leverage its multifaceted structure to maintain its competitive edge and drive its financial performance.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 24, 2025
AI Summary
Q3 2025

Operating Income Margin: Grupo Televisa expanded its consolidated operating segment income margin by 100 basis points to 38.2% driven by OpEx reduction of about 7%.

Free Cash Flow: Generated MXN 4.2 billion in free cash flow in the first 9 months, enabling debt repayment and reducing the leverage ratio from 2.5x to 2.1x EBITDA.

CapEx Discipline: CapEx for the year so far reached MXN 7.5 billion (16.8% of sales), with a full-year 2025 budget of $600 million, maintaining a CapEx to sales ratio below 20%.

TelevisaUnivision Cost Cutting: TelevisaUnivision reduced operating expenses by 12% year-on-year in the first 9 months, with $300 million in savings out of a $400 million 2025 target.

Segment Revenue and Profit: Segment revenue fell 4.4% YoY to MXN 14.7 billion, but operating segment income declined only 0.7% to MXN 5.7 billion, marking the year's best quarter.

Sky Contraction: Sky continued to lose subscribers and revenue (down 18.2% YoY), but management views it as a positive cash flow contributor for the foreseeable future.

ViX Growth: ViX saw a high single-digit increase in monthly active users and strong advertiser demand, helped by sports and entertainment content.

Guidance: CapEx guidance for 2025 is reaffirmed at $600 million; no guidance provided for 2026.

Key Financials
Operating Segment Income Margin
38.2%
CapEx
MXN 7.5 billion year-to-date; MXN 3.6 billion in Q3
Free Cash Flow
MXN 4.2 billion (first 9 months)
Leverage Ratio (Grupo Televisa)
2.1x EBITDA
Leverage Ratio (TelevisaUnivision)
5.5x EBITDA
Segment Revenue
MXN 14.7 billion
Operating Segment Income
MXN 5.7 billion
Cable Residential Revenue
MXN 10.6 billion (Q3)
Cable Enterprise Revenue
MXN 1.1 billion (Q3)
Sky Revenue
MXN 3.1 billion (Q3)
Net Broadband Adds
22,000 (Q3)
Net Mobile Adds
94,000 (Q3)
Video Subscriber Losses (Cable)
43,000 lost in Q3
Sky Revenue-Generating Unit Losses
329,000 lost in Q3
Operating Segment Income Margin (Q3)
38.5%
Operating Cash Flow (Cable and Sky)
MXN 2.1 billion (Q3)
TelevisaUnivision Revenue
$1.3 billion (Q3)
TelevisaUnivision Adjusted EBITDA
$460 million (Q3)
ViX Monthly Active Users
High single-digit increase (Q3)
Other Earnings Calls

Management

Mr. Bernardo Gomez Martinez
Co-CEO & Director
No Bio Available
Mr. Carlos Phillips Margain
Chief Financial Officer
No Bio Available
Mr. Juan Pablo Newman Aguilar
Vice President of Operations & Profitability
No Bio Available
Mr. Rodrigo Villanueva
Vice President of Investor Relations
No Bio Available
Mr. Luis Alejandro Bustos Olivares
VP of Legal & General Counsel
No Bio Available
Mr. Giovanni Rier
Vice President of Sales & Commercial Operations
No Bio Available
Mr. Joaquín Balcárcel Santa Cruz
Chief of Staff of the Executive Chairman of the Board of Directors
No Bio Available
Mr. Leopoldo Gómez González Blanco
President of Univision Noticias
No Bio Available
Mr. Patricio Wills
President of Televisa Estudios
No Bio Available

Contacts

Address
MEXICO, D.F.
Mexico City
Av. Vasco de Quiroga 2000, Edificio A, Piso 4, Delegacion Alvaro Obregon, Col. Santa Fe
Contacts
+525552612000.0
www.televisair.com