Latest news with #GrupoTelevisa
Yahoo
23-07-2025
- Business
- Yahoo
Mexico's Televisa cuts 2025 investment budget, shares trim gains
MEXICO CITY (Reuters) -Mexico's largest broadcaster Grupo Televisa announced on Wednesday a reduction in its capital expenditure for 2025, lowering it to $600 million from the $665 million previously disclosed. Following a conference call on its second-quarter results, shares in the world's biggest producer of Spanish-language content rose 3.6%. The gain pared earlier increases, as the shares had climbed by as much as 7.6% earlier in the day. "While we expect CAPEX deployment to accelerate during the second half of the year, we are cutting our CAPEX budget," Televisa Co-Chief Executive Alfonso de Angoitia told the conference, explaining that successful negotiations with suppliers have resulted in more favorable terms for the company. On Tuesday the broadcaster reported a net profit of 474.5 million pesos ($25.3 million) for the second quarter, a rebound from the 25.6 million peso loss in the year-ago period. The quarterly profit was largely supported by lower costs, despite a decrease in subscriptions, particularly for its satellite TV unit, SKY. The company's revenues totaled 14.73 billion pesos, a 6% decrease from the same period last year. However, Angoitia added that revenues would have remained unchanged when excluding the impact of the Mexican peso's depreciation. Peso weakened 2.6% from the end of June last year to the end of June this year. ($1 = 18.7654 pesos at end-June)
Reuters
23-07-2025
- Business
- Reuters
Mexico's Televisa cuts 2025 investment budget, shares trim gains
MEXICO CITY, July 23 (Reuters) - Mexico's largest broadcaster Grupo Televisa announced on Wednesday a reduction in its capital expenditure for 2025, lowering it to $600 million from the $665 million previously disclosed. Following a conference call on its second-quarter results, shares in the world's biggest producer of Spanish-language content rose 3.6%. The gain pared earlier increases, as the shares had climbed by as much as 7.6% earlier in the day. "While we expect CAPEX deployment to accelerate during the second half of the year, we are cutting our CAPEX budget," Televisa Co-Chief Executive Alfonso de Angoitia told the conference, explaining that successful negotiations with suppliers have resulted in more favorable terms for the company. On Tuesday the broadcaster reported a net profit of 474.5 million pesos ($25.3 million) for the second quarter, a rebound from the 25.6 million peso loss in the year-ago period. The quarterly profit was largely supported by lower costs, despite a decrease in subscriptions, particularly for its satellite TV unit, SKY. The company's revenues totaled 14.73 billion pesos, a 6% decrease from the same period last year. However, Angoitia added that revenues would have remained unchanged when excluding the impact of the Mexican peso's depreciation. Peso weakened 2.6% from the end of June last year to the end of June this year. ($1 = 18.7654 pesos at end-June)
Washington Post
23-07-2025
- Business
- Washington Post
Grupo Televisa: Q2 Earnings Snapshot
MEXICO CITY — MEXICO CITY — Grupo Televisa SAB (TV) on Tuesday reported profit of $24.3 million in its second quarter. The Mexico City-based company said it had net income of 5 cents per share. The media company posted revenue of $755.7 million in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on TV at
Bloomberg
22-07-2025
- Business
- Bloomberg
Televisa Beats Estimates as Cable Subscriber Disconnects Slow
Grupo Televisa SAB reported higher profits than analysts expected, as the company's improvements to its cable operations helped reduce churn. The Mexican media and entertainment company's net income in the quarter was 474.5 million pesos ($25.5 million). Revenue declined 6.3% year over year to 14.7 billion pesos in the three-month period ended June 30, falling short of expectations, partly due to declines in its multiple cable television systems.
Bloomberg
11-07-2025
- Business
- Bloomberg
Mexico's Televisa Cut to Junk by Moody's on Falling Subscribers
Grupo Televisa SAB 's credit grade was cut to junk by Moody's Ratings, which cited falling subscriber numbers that have dented profits. Moody's downgraded Televisa Ba1 from Baa3 and maintained its negative outlook on the rating, it said in a statement Friday. The outlook 'reflects our view that Televisa's operating performance will continue to be challenged by subscriber losses,' analysts Rosa Morales and Marcos Schmidt wrote.
