Education
About Us
Working with TipRanks
Follow Us
Grupo Televisa, S.A.B. (TV)
NYSE:TV
Top Page
Grupo Televisa, S.A.B.
(NYSE:TV)
Rating:50Neutral
Price Target:
$3.00
▲(6.38% Upside)
Positive Factors
Earnings
Increasing EBITDA margin and earnings slightly following better-than-expected opex trends.
Financial performance
TelevisaUnivision is showing improved financial metrics with increased EBITDA and free cash flow, alongside a reduction in net debt.
Negative Factors
Market competition
Cautious outlook on Mexico's highly-competitive fixed-broadband market.
Tariffs
The new 25% tariff implementations are admittedly a major impediment to remedying Televisa’s chronic stock undervaluation.
Grupo Televisa, S.A.B. (TV) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.31B
Dividend Yield3.26%
Average Volume (3M)1.84M
Price to Earnings (P/E)―
Beta (1Y)0.66
Revenue Growth-23.01%
EPS Growth13.13%
CountryUS
Employees27,077
SectorCommunication Services
Sector Strength93
IndustryTelecommunications Services
Share Statistics
EPS (TTM)0.05
Shares Outstanding477,500,000
10 Day Avg. Volume1,350,894
30 Day Avg. Volume1,837,444
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market Cap3.33
Enterprise Value/Revenue0.07
Enterprise Value/Gross Profit0.21
Enterprise Value/Ebitda0.42
Forecast
1Y Price Target
$4.70Price Target Upside66.67% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
Grupo Televisa, S.A.B. Business Overview & Revenue Model
Company DescriptionGrupo Televisa, S.A.B. operates as a media company in the Spanish-speaking world. It operates in four segments: Cable, Sky, Content, and Other Businesses. The Cable segment operates cable multiple system and telecommunication facilities; provides basic and premium television subscription, pay-per-view, installation, Internet subscription, and telephone and mobile services subscription, as well as local and national advertising sales; and offers data and long-distance services solutions to carriers and other telecommunications service providers through its fiber-optic network. The Sky segment offers direct-to-home broadcast satellite pay television services comprising program, installation, and equipment rental services to subscribers in Mexico, Central America, and the Dominican Republic; and national advertising sales. The Content segment produces television programming and broadcasts Channels 2, 4, 5, and 9; sells advertising time on programs; provides Internet services; and produces television programming and broadcasting for local television stations in Mexico. This segment also offers programming services for cable and pay-per-view television companies in Mexico, other countries in Latin America, the United States, and Europe; and licenses and syndicates television programming. The Other Businesses segment is involved in sports and show business promotion, soccer, feature film production and distribution, gaming, publishing, and publishing distribution businesses. The company was founded in 1969 and is headquartered in Mexico City, Mexico.
How the Company Makes MoneyGrupo Televisa generates revenue through multiple key streams. The primary source of income comes from advertising sales on its television networks, which attract substantial audiences across Mexico and Latin America. Additionally, the company earns money through subscription fees from its cable and satellite services, such as its pay-TV offerings. Another revenue stream includes the licensing and syndication of its original content, both domestically and internationally. Televisa also benefits from partnerships and collaborations with other media and entertainment companies, enhancing its distribution capabilities and content reach. Furthermore, the company's ventures into digital media and online streaming services contribute to its growing revenue, tapping into the increasing demand for on-demand content.
Grupo Televisa, S.A.B. Earnings Call Summary
Earnings Call Date:Jul 22, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Oct 23, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mixed picture with significant achievements in operational efficiencies, cost reduction, and subscriber growth in certain segments, but was offset by declines in cable and Sky revenues, as well as challenges in maintaining revenue growth in certain areas.Q2-2025 Updates
Positive Updates
Expansion of Operating Segment Income Margin
Grupo Televisa's consolidated operating segment income margin expanded by 80 basis points to 38.1% in the first half of the year due to OpEx reduction and integration efficiencies.
Successful Debt Management
Grupo Televisa generated MXN 3.6 billion in free cash flow, allowing the prepayment of a bank loan and senior notes, reducing the leverage ratio from 2.4x to 2.2x EBITDA.
ViX Subscriber Growth
TelevisaUnivision's ViX platform surpassed 10 million subscribers, indicating double-digit growth year-on-year.
Cost Reduction at TelevisaUnivision
Operating expenses at TelevisaUnivision decreased by 13% year-on-year, resulting in savings of around $226 million.
Improvement in Mobile Subscriber Additions
Mobile net adds for the quarter were 83,000, almost double compared to the first quarter and more than triple the full year net adds of 2024.
Negative Updates
Decline in Cable Revenue
Net revenue from residential operations decreased by 3.1% year-on-year due to a slight lower subscriber base.
Sky Revenue Decline
Sky's second quarter revenue declined by 16.3% year-on-year, mainly due to a lower subscriber base.
Decrease in TelevisaUnivision's Revenue
TelevisaUnivision's second quarter revenue declined by 4% year-on-year, despite an adjusted EBITDA increase of 10%.
Loss of Video Subscribers
Cable operations lost about 53,000 video subscribers during the second quarter, although this was an improvement from previous quarters.
Advertising Revenue Decline in Mexico
Advertising revenue in Mexico declined by 13% year-on-year, primarily influenced by the depreciation of the Mexican peso.
Company Guidance
During the second quarter of 2025, Grupo Televisa provided guidance highlighting several key metrics and milestones. The company reported a stabilization of its Internet subscriber base and executed operational efficiencies, resulting in an 80 basis point increase in its consolidated operating segment income margin to 38.1%, driven by a 7% year-on-year reduction in operating expenses. Capital expenditures (CapEx) amounted to MXN 3.9 billion, or 13% of sales, with a revised annual CapEx budget reduced to $600 million due to favorable negotiations with suppliers. Free cash flow generation totaled MXN 3.6 billion, facilitating the prepayment of a bank loan of MXN 2.65 billion due in 2026. Additionally, Grupo Televisa's leverage ratio improved from 2.4x to 2.2x EBITDA. TelevisaUnivision also reported significant achievements, including surpassing 10 million subscribers and implementing an efficiency plan resulting in a 13% reduction in operating expenses, yielding savings of approximately $226 million. Their adjusted EBITDA rose by 10% to $398 million, with a focus on maintaining momentum through streamlined cost structures and digital transformation efforts.Grupo Televisa, S.A.B. Financial Statement Overview
Summary
Grupo Televisa faces significant financial challenges with declining revenues, persistent net losses, and high leverage. The absence of operating and free cash flow highlights liquidity concerns, despite a large cash reserve providing some buffer.Income Statement
Grupo Televisa's income statement shows declining revenue and net income over the years, with a significant drop in revenue from 2023 to 2024 and persistent net losses. The gross profit margin remains stable but low, and the EBIT is negative in the most recent year, indicating operational challenges. Revenue growth is negative, reflecting declining sales performance.35
Negative
Balance Sheet
The balance sheet indicates a high debt-to-equity ratio, suggesting substantial leverage, which could pose risks if revenue continues to decline. Stockholders' equity has decreased, impacting the equity ratio negatively. Despite these challenges, the company maintains significant cash reserves, which provide some cushion against financial instability.45
Neutral
Cash Flow
The cash flow statement shows a concerning trend with zero reported operating and free cash flows in the latest year, which raises liquidity concerns. Historically, free cash flow has been volatile and mostly negative, which aligns with the ongoing financial challenges and operational losses.30
Negative
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 62.26B | 73.77B | 75.53B | 103.52B | 97.36B |
| Gross Profit | 21.14B | 24.87B | 26.72B | 43.96B | 40.37B |
| EBITDA | 16.35B | 22.99B | 18.53B | 32.97B | 27.69B |
| Net Income | -8.25B | -8.42B | 44.71B | 6.06B | -1.25B |
Balance Sheet | |||||
| Total Assets | 251.48B | 262.67B | 299.11B | 292.90B | 271.25B |
| Cash, Cash Equivalents and Short-Term Investments | 47.49B | 32.84B | 51.14B | 25.79B | 29.06B |
| Total Debt | 108.34B | 95.83B | 113.61B | 135.47B | 131.85B |
| Total Liabilities | 139.82B | 128.00B | 154.98B | 197.11B | 183.31B |
| Stockholders Equity | 102.42B | 119.28B | 128.31B | 80.49B | 73.44B |
Cash Flow | |||||
| Free Cash Flow | 21.95B | -1.38B | -6.65B | 4.23B | 11.79B |
| Operating Cash Flow | 32.42B | 15.20B | 12.47B | 29.40B | 33.16B |
| Investing Cash Flow | -9.68B | -15.76B | 42.70B | -19.04B | -15.35B |
| Financing Cash Flow | -9.28B | -17.75B | -29.77B | -13.84B | -16.20B |
Grupo Televisa, S.A.B. Technical Analysis
Positive
2.82
Price Trends
2.40
Positive
2.14
Positive
1.98
Positive
Market Momentum
0.10
Negative
68.36
Neutral
96.50
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TV, the sentiment is Positive. The current price of 2.82 is above the 20-day moving average (MA) of 2.49, above the 50-day MA of 2.40, and above the 200-day MA of 1.98, indicating a bullish trend. The MACD of 0.10 indicates Negative momentum. The RSI at 68.36 is Neutral, neither overbought nor oversold. The STOCH value of 96.50 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TV.
Grupo Televisa, S.A.B. Risk Analysis
Grupo Televisa, S.A.B. disclosed 39 risk factors in its most recent earnings report. Grupo Televisa, S.A.B. reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 1 New Risks
1.
We are subject to a variety of global laws, regulations, and rules related to privacy and personal data protection, which are evolving, and increased public scrutiny of privacy and security issues could result in increased government regulation, industry standards, and other legal obligations that could adversely affect our business. Q4, 2022
Grupo Televisa, S.A.B. Peers Comparison
Overall Rating
UnderperformOutperform
Sector (60)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $4.94B | 11.12 | 7.38% | 5.76% | 19.25% | 5.69% | |
72 Outperform | $19.85B | 19.41 | 8.20% | 4.38% | -6.51% | -0.21% | |
68 Neutral | $60.01B | 21.07 | 14.41% | 2.62% | -0.64% | 56.92% | |
60 Neutral | $44.01B | 4.13 | -12.81% | 4.14% | 1.86% | -42.71% | |
60 Neutral | $30.25B | ― | -3.55% | 6.65% | -4.73% | -251.31% | |
56 Neutral | $3.81B | 22.47 | -0.27% | 2.39% | 3.89% | -107.44% | |
50 Neutral | $1.31B | ― | -7.09% | 3.26% | -23.01% | 13.13% |
* Communication Services Sector Average
Performance Comparison
TV
Grupo Televisa, S.A.B.
2.82
1.12
65.88%
AMX
America Movil
19.50
3.84
24.52%
TEO
Telecom Argentina
8.27
1.01
13.91%
VIV
Telefonica Brasil
12.23
3.02
32.79%
TEF
Telefonica
5.36
0.94
21.27%
TKC
Turkcell Iletisim
5.62
-1.34
-19.25%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.