Alejandro Azar Wabi's questions to GRUPO TELEVISA, S.A.B. (TV) leadership • Q4 2024
Question
Alejandro Azar Wabi inquired about the competitive landscape in the Cable segment following Q4 disconnections and how the company balances acquiring quality clients versus price-sensitive ones to grow free cash flow. He also asked about the potential for accelerated deleveraging at TelevisaUnivision in 2025 and whether a strategic team-up could be an alternative to an IPO for monetization.
Answer
Executive Francisco Valim Filho explained the focus is on high-value, loyal customers and that cash flow grew despite subscriber losses due to internal optimization and synergies. He expects subscriber growth to resume in 2025. Executive Alfonso de Angoitia Noriega addressed TelevisaUnivision, confirming deleveraging is a top priority, bolstered by the profitability and success of the ViX streaming platform. He highlighted ViX's strength from its vast content library and efficient production, making the asset highly attractive for potential future consolidation.