Quarterly ResultApr 29, 2026, 05:32 PM
TV Q1 Revenue -3.1%; Net Income +223%; EPS Ps.0.39
AI Summary
GRUPO TELEVISA reported mixed first-quarter 2026 results with consolidated revenue declining by 3.1% to Ps.14,512.5 million. Despite this, operating segment income increased by 5.2% to Ps.6,001.2 million, and net income attributable to stockholders surged by 223% to Ps.1,031.9 million, driven by operational efficiencies and a significant increase in share of income from associates, particularly TelevisaUnivision. The company also saw strong subscriber growth in mobile and broadband services, while Satellite Services revenue declined.
Key Highlights
- Consolidated revenue declined 3.1% to Ps.14,512.5 million in Q1 2026.
- Operating Segment Income (OSI) increased 5.2% to Ps.6,001.2 million, with margin expanding 330 basis points to 41.4%.
- Net income attributable to stockholders surged 223% to Ps.1,031.9 million (EPS Ps.0.39).
- Residential Services revenue grew 0.9%, and Enterprise Services revenue increased 30.0%.
- Mobile subscribers increased by 94.7 thousand and broadband subscribers by 25.0 thousand.
- Share of income in associates and joint ventures increased Ps.1,247.9 million, primarily from TelevisaUnivision.
- Total debt and lease liabilities decreased by Ps.2,872.4 million to Ps.88,557.8 million.
- Capital expenditures increased to U.S.$141.9 million from U.S.$87.0 million year-over-year.