Research analysts who have asked questions during GRUPO TELEVISA, S.A.B. earnings calls.
MS
Marcelo Santos
JPMorgan Chase & Co.
4 questions for TV
Also covers: AFYA, AMX, MELI +8 more
MH
Matthew Harrigan
The Benchmark Company, LLC
4 questions for TV
Also covers: BATRA, CSGS, FWONK +10 more
CA
Carlos Antonio de Legarreta Diaz
Itaú BBA
3 questions for TV
Also covers: AMX, VIV
AA
Alex Azar
GBM
2 questions for TV
Ernesto Gonzalez
Morgan Stanley
2 questions for TV
Also covers: AMX, CINT, TEO
GF
Gustavo Farias
UBS Group AG
2 questions for TV
Also covers: AMX, CINT, TIGO +5 more
VT
Vitor Tomita
Goldman Sachs Group Inc.
2 questions for TV
Also covers: AMX, CINT, LILA +4 more
Alejandro Azar Wabi
GBM
1 question for TV
Also covers: AMX
EN
Eduardo Nieto Leal
JPMorgan Chase & Co.
1 question for TV
Also covers: TIGO
EF
Emilio Fuentes
GBM
1 question for TV
LM
Livea M
JPMorgan Chase & Co.
1 question for TV
Lucca Brendim
Bank of America
1 question for TV
Also covers: AMX, TIMB, VIV +1 more
Milenna Okamura
Goldman Sachs
1 question for TV
Also covers: AMX
Recent press releases and 8-K filings for TV.
Grupo Televisa, S.A.B. Reports Q3 2025 Financial Results
TV
Earnings
Profit Warning
Demand Weakening
- Grupo Televisa, S.A.B. reported a 4.8% decrease in revenues to Ps.14,627.0 million in the third quarter of 2025, primarily driven by a revenue decline in its Sky segment.
- The company recorded a net loss attributable to stockholders of Ps.1,932.5 million in Q3 2025, a significant change from a net income of Ps.666.5 million in Q3 2024.
- This net loss was largely due to a Ps.2,837.1 million increase in income taxes, which included a non-cash write-off of a deferred income tax asset for Ps.2,658.2 million.
- Operating segment income decreased by 0.7% to Ps.5,677.1 million in Q3 2025.
- Total debt (principal amount) decreased to Ps.88,256,352 million as of September 30, 2025, from Ps.102,955,173 million at December 31, 2024.
Oct 29, 2025, 10:52 PM
Grupo Televisa Reports Q3 2025 Results
TV
Earnings
Demand Weakening
New Projects/Investments
- Consolidated revenues for the third quarter of 2025 decreased by 4.8% to Ps.14,627.0 million, while Operating Segment Income (OSI) declined by 0.7% to Ps.5,677.1 million, translating into a 38.5% margin.
- The company reported a net loss attributable to stockholders of Ps.1,932.5 million in Q3 2025, a change from a net income of Ps.666.5 million in Q3 2024, primarily due to a Ps.2,837.1 million increase in income taxes and an Ps.893.1 million decrease in share of income of associates and joint ventures.
- The Sky segment's revenue declined by 18.2%, driven by a decrease of 329.4 thousand total Revenue Generating Units (RGUs), including 299.8 thousand video RGU disconnections.
- The Cable segment's revenue remained flat, with 21.6 thousand net adds for broadband subscribers and 94.0 thousand net adds for mobile subscribers. The company invested approximately U.S.$196.1 million (Ps.3,656.6 million) in capital expenditures during Q3 2025 and passed 27.7 thousand homes with fiber-to-the-home (FTTH).
Oct 24, 2025, 8:25 PM
Grupo Televisa Reports Q3 2025 Results with Margin Expansion and Deleveraging Efforts
TV
Earnings
Guidance Update
Debt Issuance
- Grupo Televisa expanded its consolidated operating segment income margin by 100 basis points to 38.2% in the first nine months of 2025, driven by a 7% year-on-year OPEX reduction. The company generated approximately MXN 4.2 billion in free cash flow and reduced its leverage ratio to 2.1 times EBITDA from 2.5 times at the end of 2024.
- TelevisaUnivision reported Q3 2025 revenue of $1.3 billion, a 3% year-on-year decline, but adjusted EBITDA increased by 9% to $460 million. The company is on track to reduce operating expenses by over $400 million in 2025, having saved $300 million in the first nine months, and improved its leverage ratio to 5.5 times EBITDA from 5.9 times in Q4 2024.
- The Cable and Sky segment's Q3 2025 segment revenue fell by 4.4% year-on-year to $14.7 billion pesos, but operating segment income declined by only 0.7% to $5.7 billion pesos, with its margin expanding by 140 basis points to 38.5%. Cable operations showed improved broadband net additions of 22,000 and mobile net additions of 94,000 subscribers in Q3.
- Grupo Televisa's disciplined CAPEX approach included investments of MXN 7.5 billion in the first nine months of 2025, with a full-year CAPEX budget of $600 million for 2025, targeting a CAPEX to sales ratio of less than 20%.
Oct 24, 2025, 3:00 PM
Grupo Televisa Reports Q3 2025 Results with Margin Expansion and Debt Refinancing
TV
Earnings
Guidance Update
Debt Issuance
- Grupo Televisa reported that its consolidated operating segment income margin expanded by 100 basis points to 38.2% in the first nine months of 2025, driven by a 7% year-on-year OPEX reduction.
- The company generated MXN 4.2 billion in free cash flow in the first nine months of 2025, leading to a leverage ratio improvement to 2.1 times EBITDA at the end of Q3 2025, down from 2.5 times at the end of 2024.
- TelevisaUnivision's adjusted EBITDA increased by 9% to $460 million in Q3 2025, despite a 3% year-on-year revenue decline to $1.3 billion, supported by an efficiency plan reducing operating expenses by approximately $300 million in the first nine months.
- TelevisaUnivision successfully refinanced $2.3 billion of debt in 2025, improving its leverage ratio to 5.5 times EBITDA from 5.9 times in Q4 2024, and the 2025 CAPEX budget for Grupo Televisa is $600 million.
Oct 24, 2025, 3:00 PM
Grupo Televisa Reports Q3 2025 Financial Results and Operational Highlights
TV
Earnings
Debt Issuance
Guidance Update
- Grupo Televisa improved its leverage ratio to 2.1 times EBITDA by the end of Q3 2025, down from 2.5 times at the end of 2024, driven by ARS 4.2 billion in free cash flow generation and debt prepayments.
- Televisa Univision reported Q3 2025 revenue of $1.3 billion, a 3% year-on-year decline, but adjusted EBITDA increased by 9% to $460 million, with an improved leverage ratio of 5.5 times EBITDA. The company also refinanced $2.3 billion of debt.
- Grupo Televisa's Cable operations saw 22,000 broadband net adds and 94,000 mobile net adds in Q3 2025, with residential net revenue decreasing by 0.7% year-on-year and enterprise revenue growing by 7.7%.
- Consolidated operating segment income margin for Grupo Televisa expanded by 100 basis points to 38.2% in the first nine months of 2025 due to a 7% year-on-year OpEx reduction. Televisa Univision's margins are considered sustainable in the mid-30s due to cost cutting and efficient content production.
Oct 24, 2025, 3:00 PM
Grupo Televisa Reports Q3 2025 Results with Margin Expansion and Debt Refinancing
TV
Earnings
Debt Issuance
Revenue Acceleration/Inflection
- Grupo Televisa expanded its consolidated operating segment income margin by 100 basis points to 38.2% in the first nine months of 2025, driven by a 7% year-on-year OPEX reduction, and generated MXN 4.2 billion in free cash flow. Its leverage ratio improved to 2.1 times EBITDA by the end of Q3 2025, down from 2.5 times at the end of 2024.
- TelevisaUnivision's efficiency plan is on track to reduce operating expenses by over $400 million in 2025, with approximately $300 million in savings achieved in the first nine months. The company reported a 9% increase in adjusted EBITDA for Q3 2025, despite a 3% year-on-year revenue decline, and improved its leverage ratio to 5.5 times EBITDA.
- Grupo Televisa's Cable operations showed improved performance in Q3 2025, with 22,000 broadband net additions and 94,000 mobile net additions. Residential net revenue decline slowed to 0.7% year-on-year, marking the best quarter in two years for residential operations, while enterprise revenue increased by 7.7% year-on-year.
- Sky operations lost 329,000 revenue-generating units in Q3 2025, primarily from prepaid subscribers, leading to an 18.2% year-on-year revenue decline to $3.1 billion pesos. Despite this, management views Sky as a positive cash flow generator from existing subscribers.
Oct 24, 2025, 3:00 PM
Quarterly earnings call transcripts for GRUPO TELEVISA, S.A.B..
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