Quarterly ResultMay 8, 2026, 06:12 AM
Televisa Reports FY25 Net Loss Ps.9.17B; Q4 Operating Income Up 6.1%
AI Summary
Grupo Televisa, S.A.B. reported a full-year 2025 net loss attributable to stockholders of Ps.9,168.3 million, an increase from Ps.8,265.5 million in 2024, primarily due to a Ps.7,242.9 million increase in income taxes from deferred tax asset write-offs. Full-year revenues decreased by 5.4% to Ps.58,878.2 million, mainly driven by a 17.5% decline in Satellite Services. However, fourth-quarter operating segment income increased by 6.1% to Ps.5,948.4 million, with an improved margin of 40.9% due to efficiency measures. The company also integrated its Cable and Sky businesses into a single Telecom segment.
Key Highlights
- Integrated Cable and Sky businesses into a single Telecom reportable segment in Q4 2025.
- Full-year 2025 revenues decreased 5.4% to Ps.58,878.2 million.
- Full-year 2025 net loss attributable to stockholders increased to Ps.9,168.3 million.
- Q4 2025 operating segment income increased 6.1% to Ps.5,948.4 million, with a 40.9% margin.
- Full-year 2025 income taxes increased Ps.7,242.9 million due to Ps.6,516.9 million deferred tax asset write-offs.
- Total debt decreased by Ps.16,961.0 million to Ps.85,994.2 million as of December 31, 2025.
- Full-year 2025 capital expenditures were $645.0 million (Ps.12,186.6 million).
- Residential Services revenues for FY25 decreased 1.8% to Ps.42,181.6 million, while Satellite Services revenues decreased 17.5% to Ps.12,397.0 million.