Currency EffectA weaker peso by itself would benefit margins given the mismatch between U.S. advertising and distribution revenues vs. peso programming costs.
Market RecognitionThe stock’s current price does not recognize the company’s global leadership in Spanish language television via TelevisaUnivision, including the largely AVOD ViX streaming service.
Revenue ExposurePeso revenue exposure from a U.S. investor perspective is alleviated by having a significant portion of TelevisaUnivision revenues, and advertising, attributable to the U.S. market rather than Mexico.