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What is the revenue and EPS growth rate for Grupo Televisa year over year?

What is Grupo Televisa's latest dividend and current dividend yield?

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What factors drove the changes in Grupo Televisa's revenue and profit?

What does Grupo Televisa do and what are its main business segments?

- **Revenue & Margin Growth**: Cable segment operating margin 38.5% (140bp YoY expansion); TelevisaUnivision EBITDA +9% YoY.
- **Cost Efficiency**: $300M OpEx savings (12% YoY decline); MXN 4.2B free cash flow used to reduce debt.
- **Subscriber Trends**: 22,000 broadband net adds; 94,000 mobile net adds; Sky subscribers declining but generating positive cash flow.
- **Strategic Focus**: High-end customer ARPU growth; exploring streaming integration of local news; stable U.S.-Mexico trade relationship.

**【Management Opening Remarks】**
- **Grupo Televisa Key Achievements**: 
  - Internet subscriber growth in 2025 vs. end-2024; 100bp margin expansion to 38.2% (12% OpEx decline); MXN 7.5B CapEx (16.8% of sales); MXN 4.2B free cash flow used to repay MXN 2.7B debt.
  - TelevisaUnivision: ViX MAU growth; $300M OpEx savings (12% YoY decline); 5.5x EBITDA leverage (down from 5.9x); $2.3B debt refinanced.

**【CFO Financial Commentary】**
- **Cable Segment Performance**: 
  - 22,000 net broadband adds (vs. 6,000 Q2); 43,000 video disconnections (improving trend); 94,000 mobile net adds.
  - Residential revenue flat YoY (best 2Y performance); enterprise revenue +7.7% YoY.
  - Operating segment income MXN 5.7B (-0.7% YoY), margin 38.5% (140bp YoY expansion).
  - CapEx MXN 3.6B (24.3% of sales); EBITDA-CapEx cash flow MXN 2.1B (14.2% of sales).

**【Q&A Highlights】**
- **CapEx & Insurance**: 2025 CapEx guidance MXN 600M; final insurance payout for Hurricane Otis.
- **Content Strategy**: Exploring local news integration into ViX; equity deals with startups (e.g., Kavak, Rappi) to monetize unsold inventory.
- **Market Dynamics**: Cable market nearing saturation; focus on ARPU growth (MXN 1,250 installation fee for Sky). Sky as cash flow generator with declining subscriber base.
- **Trade Relations**: Stable U.S.-Mexico economic ties; Mexico's border region as key global economy.
- **Margins Sustainability**: Cable margins improving via tech synergies; TelevisaUnivision mid-30% margins driven by content scale and cost efficiency.

Grupo Televisa, S.A.B. (TV) Q3 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

TV

TV fundamentals

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