Grupo Televisa, S.A.B. (TV) has released an update.
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Grupo Televisa, S.A.B., a major telecommunications and media company in Mexico, reported a decline in second-quarter revenues in 2024 by 5.8% year-over-year and a swing to a net loss of Ps.25.6 million due to various financial setbacks, including increased other expenses and decreased income from discontinued operations. Despite the downturn, the company mitigated some losses through reduced finance expenses and increased income from associates and joint ventures. Televisa continues to focus on strengthening its cable and satellite television services, while exploring new business opportunities and maintaining financial discipline.
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