Successful Corporate Restructuring
Grupo Televisa implemented a corporate restructuring process at its Cable segment, improving profitability by over 300 basis points to 39% in 2024 compared to the third quarter of 2023.
Integration of Sky and Cable Segment
Sky was integrated with the Cable segment, leading to a 10% year-on-year reduction in OpEx and a 44% decline in CapEx deployment, resulting in a 3% increase in operating cash flow.
Spin-off of Non-Core Businesses
The spin-off of Ollamani was completed, streamlining operations and unlocking shareholder value with a market cap of $270 million.
Profitable Direct-to-Consumer Business
TelevisaUnivision's ViX streaming platform became a $1 billion business and turned profitable in Q3 2024, with user and subscriber growth over 20%.
Strong Free Cash Flow Generation
Grupo Televisa generated over MXN10.1 billion in free cash flow in 2024, representing a 43% yield for consolidated operations.
TelevisaUnivision Revenue Growth
TelevisaUnivision's full-year revenue increased by 3% to $5.1 billion, marking its fourth consecutive year of top-line growth.