Grupo Televisa, S.A.B. (TV) AI Stock Analysis

• Market Cap: $1.31B
• Dividend Yield: 3.38%
• Average Volume (3M): 1.18M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.62
• Revenue Growth: -23.01%
• EPS Growth: 13.13%
• Country: US
• Employees: 27,082
• Sector: Communication Services
• Sector Strength: 97
• Industry: Telecommunications Services
• EPS (TTM): 0.05
• Shares Outstanding: 477,500,000
• 10 Day Avg. Volume: 1,004,830
• 30 Day Avg. Volume: 1,179,233
• PEG Ratio: -1.15
• Price to Book (P/B): 0.19
• Price to Sales (P/S): 0.30
• P/FCF Ratio: 0.86
• Enterprise Value/Market Cap: 3.34
• Enterprise Value/Revenue: 0.07
• Enterprise Value/Gross Profit: 0.21
• Enterprise Value/Ebitda: 0.42
• 1Y Price Target: $4.28
• Price Target Upside: 59.11% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5

• Rating: 50 Neutral
• Price Target: $3.00 ▲(11.52% Upside)

Grupo Televisa's overall stock score is primarily impacted by its weak financial performance, characterized by declining revenues and high leverage. Despite operational improvements and cost reductions highlighted in the earnings call, the financial instability and unattractive valuation weigh heavily on the score. Technical indicators suggest some potential for upward movement, but the negative P/E ratio and liquidity concerns remain significant risks.

Positive Factors

Operational Efficiency

The expansion of operating margins through cost reductions and efficiencies indicates a stronger operational framework, enhancing profitability potential.

Debt Management

Effective debt management and leverage reduction enhance financial stability, providing more flexibility for future investments and growth.

Subscriber Growth

Strong subscriber growth in digital platforms like ViX reflects successful market penetration and potential for increased revenue from digital services.

Negative Factors

Revenue Decline

Persistent revenue declines highlight challenges in maintaining market share and competitiveness, potentially impacting long-term growth prospects.

High Leverage

High leverage can strain financial resources and limit strategic flexibility, especially if revenue trends do not improve, posing risks to financial health.

Cable Revenue Decline

Declining cable revenue reflects challenges in retaining subscribers and adapting to market shifts, potentially affecting future revenue streams.

Grupo Televisa, S.A.B. Business Overview & Revenue Model

Company Description

Grupo Televisa, S.A.B., together with its subsidiaries, owns and operates cable companies and provides direct-to-home satellite pay television system in Mexico and internationally. It operates through Cable and Sky segments. The company offers basic and premium television subscription, pay-per-view, installation, internet subscription, and telephone and mobile services subscription, as well as local and national advertising services; and data and long-distance services solutions to carriers and other telecommunications service providers through its fiber-optic network. It also provides direct-to-home broadcast satellite pay television services comprising program, installation, and equipment rental services to subscribers; and national advertising sales. Grupo Televisa, S.A.B. was founded in 1969 and is headquartered in Mexico City, Mexico.

How the Company Makes Money

Grupo 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. 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.

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.

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.

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

• Technical Analysis Sentiment: Neutral
• Last Price: 2.69
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TV, the sentiment is Neutral. The current price of 2.69 is below the 20-day moving average (MA) of 2.80, above the 50-day MA of 2.57, and above the 200-day MA of 2.05, indicating a neutral trend. The MACD of 0.06 indicates Positive momentum. The RSI at 48.86 is Neutral, neither overbought nor oversold. The STOCH value of 22.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TV.

Grupo Televisa, S.A.B. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CMCSA	78 Outperform	116.71B	5.22	23.65%	4.05%	2.54%	60.53%
VIV	72 Outperform	20.15B	20.19	7.96%	4.57%	-6.51%	-0.21%
AMX	68 Neutral	62.87B	22.54	11.57%	2.54%	-0.64%	56.92%
CHTR	68 Neutral	40.15B	7.17	32.48%	―	1.03%	17.05%
TEF	52 Neutral	28.89B	-11.50	-13.79%	7.02%	-4.73%	-251.31%
TV	50 Neutral	$1.31B	―	-7.09%	3.38%	-23.01%	13.13%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%

Grupo Televisa, S.A.B. Corporate Events

Grupo Televisa Engages Santander for Market Maker Services

On August 5, 2025, Grupo Televisa announced its engagement with Santander Casa de Bolsa to provide market maker services for its shares listed on the Mexican Stock Exchange. This strategic move, effective August 8, 2025, is expected to enhance the liquidity and visibility of Televisa’s shares, potentially strengthening its position in the market and offering benefits to its stakeholders.

Grupo Televisa Reports Improved Net Income Despite Revenue Decline in Q2 2025

On July 22, 2025, Grupo Televisa announced its second-quarter financial results for 2025, reporting a 6.3% decline in revenues to Ps.14,729.4 million compared to the same period in 2024. Despite the revenue drop primarily due to the Sky segment, the company achieved a net income of Ps.474.5 million, a significant improvement from a net loss of Ps.25.6 million in the previous year. This positive change was driven by increased operating income, decreased expenses, and higher income from associates and joint ventures, although it was partially offset by increased finance expenses.

Grupo Televisa Reports Q2 2025 Financial Results Amid Revenue Decline

In the second quarter of 2025, Grupo Televisa reported a 6.3% decline in revenue and a 4.3% decrease in operating segment income, primarily due to a significant revenue drop in its Sky segment. Despite these declines, the company achieved a net income of Ps.474.5 million, a notable improvement from a net loss in the same quarter of the previous year, driven by increased operating income and a rise in the share of income from associates and joint ventures. The company also saw growth in its cable segment, with an increase in broadband and mobile subscribers, although revenue in this segment fell by 2.5%.

Grupo Televisa Reduces Debt with Early Loan Prepayment

On June 26, 2025, Grupo Televisa, S.A.B. announced that its subsidiary, Corporación Novavisión S. de R.L. de C.V., has prepaid a bank loan of P$2,650,000,000 originally due in December 2026. This prepayment reduces the company’s debt, potentially strengthening its financial position and enhancing its operational flexibility.