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TV

Grupo Televisa, S.A.B.

TV

Grupo Televisa, S.A.B. • NYSE
$2.73 ▲ 0.55% (+0.01)
Market Cap $1.49 B
52w High $3.10
52w Low $1.55
Dividend Yield 0.09%
P/E -0.02
Volume 646.02K
Outstanding Shares 545.36M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $14.627B ▼ $4.439B ▼ $-1.933B ▼ -13.212% ▼ $-3.55 ▼ $2.931B ▼
Q2-2025 $14.729B ▼ $4.756B ▼ $474.5M ▲ 3.221% ▲ $0.85 ▲ $5.189B ▼
Q1-2025 $14.974B ▼ $4.868B ▼ $319.8M ▲ 2.136% ▲ $0.6 ▲ $6.673B ▲
Q4-2024 $15.226B ▼ $11.195B ▲ $-9.839B ▼ -64.617% ▼ $-18.15 ▼ $-1.556B ▼
Q3-2024 $15.363B $5.054B $666.472M 4.338% $1.3 $7.814B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $37.857B ▼ $235.734B ▼ $124.642B ▲ $101.74B ▼
Q2-2025 $38.449B ▼ $237.063B ▼ $124.51B ▼ $103.221B ▲
Q1-2025 $43.537B ▲ $246.979B ▲ $135.165B ▲ $102.561B ▲
Q4-2024 $2.222B ▼ $12.103B ▼ $6.731B ▼ $4.927B ▼
Q3-2024 $42.181B $259.569B $137.102B $113.203B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $474.431M ▲ $2.218B ▼ $-2.169B ▼ $-5.107B ▲ $-5.087B ▼ $92.25M ▼
Q1-2025 $319.823M ▲ $5.515B ▼ $-1.808B ▲ $-6.328B ▼ $-2.656B ▼ $3.738B ▼
Q4-2024 $-8.309B ▼ $10.135B ▲ $-2.797B ▼ $-2.201B ▼ $5.16B ▲ $6.925B ▲
Q3-2024 $666.472M ▲ $8.659B ▲ $-2.41B ▼ $-2.193B ▲ $4.073B ▼ $6.233B ▼
Q2-2024 $-25.61M $8.522B $-1.533B $-2.735B $4.354B $6.76B

Five-Year Company Overview

Income Statement

Income Statement Revenue has been on a bumpy but slightly downward path, and profitability has weakened over time. Operating profit that was clearly positive a few years ago has slipped into a loss in the most recent year, and earnings have been very volatile, swinging between sizable gains and sizable losses. Underlying operating performance (before non‑cash items) is still positive, but margins are gradually thinning. Overall, the income statement shows a business under pressure, needing cost discipline and growth from newer initiatives to restore more stable profits.

Balance Sheet

Balance Sheet The balance sheet shows a sizable asset base built over decades, supported by meaningful equity but also a heavy load of debt. Total debt has been reduced compared with its peak, though it remains substantial and ticked back up most recently. Cash on hand is reasonably solid, which provides some cushion, but the gradual erosion of equity in the last couple of years signals strain from ongoing losses. Financially, Televisa still has scale and assets, but it operates with a leveraged, not low‑risk, capital structure.

Cash Flow

Cash Flow Cash generation is a relative bright spot. Operating cash flow has improved sharply after a soft patch, and free cash flow has swung back into clearly positive territory. A key reason is a steady pullback in capital spending, which helps cash today but could limit network or content investment if cut too far. Overall, the company appears better able to fund itself from its own cash in the near term, even as accounting earnings remain weak.

Competitive Edge

Competitive Edge Televisa still holds a strong position in Mexican pay‑TV, broadband, and Spanish‑language media. Its advantages come from its extensive wired and satellite networks, long‑standing government concessions, and very strong brands like Izzi and Sky. The huge library of Spanish‑language content and the ability to bundle internet, TV, phone, and now streaming give it a moat that is difficult and costly for rivals to replicate. However, the company faces intense competition from global streaming platforms and local telecom operators, so maintaining this edge will require continued execution and innovation, not just legacy strength.

Innovation and R&D

Innovation and R&D The company is clearly leaning into technology and new products. It is upgrading networks with modern broadband standards, rolling out more capable set‑top boxes, and pushing streaming through ViX, which targets the global Spanish‑speaking audience with a mix of free and paid tiers. The planned integration of Izzi and Sky aims to create powerful bundles that combine connectivity, pay‑TV, and streaming. Televisa is also experimenting with data and AI to better target customers and advertising, and expanding digital and cloud services for businesses and government. The big question is not whether Televisa is investing in innovation—it is whether these initiatives can scale fast enough and profitably enough to offset pressure in its traditional businesses.

Summary

Televisa is in the midst of a major transition. Financially, it shows weakening revenue and operating profits and a leveraged balance sheet, but also a recent rebound in cash flow that gives it some room to maneuver. Strategically, it still enjoys a strong competitive position in Mexican telecom and Spanish‑language content, underpinned by infrastructure, concessions, and a unique content library. At the same time, it is exposed to structural shifts: cord‑cutting, streaming competition, and the need to keep investing in networks and content. Future value will hinge on successful execution of its key projects—especially ViX and the Izzi‑Sky integration—and on its ability to turn these into stable, recurring, and profitable cash flows while managing debt and restoring more consistent earnings.