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

• Market Cap: $1.51B
• Dividend Yield: 3.03%
• Average Volume (3M): 1.01M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.36
• Revenue Growth: -18.28%
• EPS Growth: -42.53%
• Country: US
• Employees: 27,082
• Sector: Communication Services
• Sector Strength: 97
• Industry: Telecommunications Services
• EPS (TTM): -0.20
• Shares Outstanding: 477,500,000
• 10 Day Avg. Volume: 1,137,559
• 30 Day Avg. Volume: 1,008,854
• 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: 55.05
• Enterprise Value/Revenue: 1.38
• Enterprise Value/Gross Profit: 3.81
• Enterprise Value/Ebitda: 4.59
• 1Y Price Target: $6.50
• Price Target Upside: 142.54% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 56 Neutral
• Price Target: $3.50 ▲(30.60% Upside)

Grupo Televisa's overall stock score is driven by significant financial challenges and valuation concerns, partially offset by moderate technical strength and positive developments in operational efficiency and cash flow generation. The earnings call provided some optimism, but the company must address revenue declines and subscriber losses to improve its financial health.

Positive Factors

Operational efficiency and margin expansion

Sustained OpEx cuts and integration gains that lifted operating segment margin by 100 bps improve structural cost competitiveness and margin resilience. This enhances cash generation potential, funds reinvestment, and gives flexibility to compete on content and distribution over the medium term.

Free cash flow generation and deleveraging

Meaningful free cash flow that enabled debt prepayment and a measurable leverage decline strengthens balance sheet flexibility. Lower leverage reduces refinancing risk and interest burden, supporting investment and strategic choices across the next several quarters without relying on volatile capital markets.

Subscriber growth in internet and mobile

Net additions in mobile (and reported internet subscriber growth) indicate durable traction in recurring revenue channels. Growing core subscriptions supports steady cash inflows, cross-sell opportunities, and ARPU stability, helping offset declines in legacy video segments over multiple quarters.

Negative Factors

Significant Sky subscriber losses

Large, concentrated losses in Sky's RGUs and revenue signal structural erosion in a traditionally high-value segment. Persistent subscriber attrition reduces scale, weakens ad and affiliate leverage, and pressures long-term revenue mix and profitability unless competitive dynamics or product offerings materially improve.

Declining revenues and negative profitability margins

Sustained revenue declines and negative net and EBIT margins undermine the firm's ability to self-fund growth and returns. Even with EBITDA positivity, conversion to net profit is weak, limiting reinvestment capacity and making performance vulnerable to cyclical ad markets and content cost pressures over the medium term.

Credit rating downgrade and elevated leverage risk

A recent downgrade increases funding costs and reduces debt market access, amplifying refinancing and liquidity risks. For a capital-intensive media and telecom business, higher borrowing costs and constrained credit capacity can limit strategic investments and slow deleveraging progress over subsequent quarters.

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 streams, primarily from the sale of advertising on its television networks, which is a significant source of income given its large audience reach. The company also earns money from subscription services, including cable and satellite television packages that provide consumers access to its channels and programming. Furthermore, revenue is derived from licensing its content to international markets and platforms, along with the production of shows for other networks. Televisa has strategic partnerships with various media companies, which enhance its content distribution capabilities and broaden its revenue base. Additionally, the company has ventured into digital media, capitalizing on the growing demand for online content, which contributes to its overall earnings.

Grupo Televisa, S.A.B. Financial Statement Overview

Summary

Grupo Televisa faces significant financial challenges with declining revenues, negative profitability margins, and high leverage. Despite some positive aspects in cash flow generation, the overall financial health is under pressure.

Income Statement

Grupo Televisa's income statement reveals a challenging financial position. The company has experienced declining revenue growth, with a negative trend in recent periods. Gross profit margins have decreased over time, and the net profit margin is negative, indicating losses. The EBIT margin has also turned negative, reflecting operational inefficiencies. Despite a positive EBITDA margin, the overall profitability is under pressure.

Balance Sheet

The balance sheet shows a moderate level of financial stability. The debt-to-equity ratio has improved slightly, indicating better leverage management, but remains relatively high. Return on equity is negative, reflecting the company's inability to generate profits from shareholders' equity. The equity ratio is stable, suggesting a balanced asset structure, but the overall financial health is weakened by high debt levels.

Cash Flow

Cash flow analysis indicates some strengths and weaknesses. Operating cash flow remains positive, but free cash flow has shown volatility, with recent declines. The operating cash flow to net income ratio is relatively strong, suggesting good cash generation relative to reported losses. However, the free cash flow to net income ratio is inconsistent, highlighting challenges in converting earnings into free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	60.29B	62.26B	66.22B	68.62B	73.92B	70.68B
Gross Profit	21.86B	21.14B	22.93B	25.26B	27.26B	25.46B
EBITDA	18.12B	18.37B	22.14B	17.87B	32.97B	26.83B
Net Income	-8.38B	-8.25B	-8.42B	44.71B	6.06B	-1.25B
Balance Sheet
Total Assets	237.06B	251.48B	262.67B	299.11B	14.35B	271.25B
Cash, Cash Equivalents and Short-Term Investments	38.45B	47.49B	32.84B	51.14B	1.26B	29.06B
Total Debt	93.50B	108.34B	95.83B	113.61B	6.62B	131.85B
Total Liabilities	124.51B	139.82B	128.00B	154.98B	9.64B	183.31B
Stockholders Equity	103.22B	102.42B	119.28B	128.31B	3.96B	73.44B
Cash Flow
Free Cash Flow	16.99B	21.95B	-1.38B	-6.65B	4.23B	11.79B
Operating Cash Flow	26.39B	32.42B	15.20B	12.47B	29.40B	33.16B
Investing Cash Flow	-9.18B	-9.68B	-15.76B	42.70B	-19.04B	-15.35B
Financing Cash Flow	-15.83B	-9.28B	-17.75B	-29.77B	-13.84B	-16.20B

Grupo Televisa, S.A.B. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.68
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 2.68 is below the 20-day moving average (MA) of 3.16, below the 50-day MA of 3.00, and above the 200-day MA of 2.53, indicating a neutral trend. The MACD of 0.06 indicates Positive momentum. The RSI at 48.03 is Neutral, neither overbought nor oversold. The STOCH value of 16.69 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	80 Outperform	$109.73B	5.66	21.92%	4.42%	0.20%	61.54%
VIV	77 Outperform	$23.25B	21.88	8.36%	5.03%	-3.16%	4.70%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
AMX	60 Neutral	$65.39B	17.37	17.70%	2.69%	1.14%	83.48%
CHTR	57 Neutral	$31.86B	6.16	31.52%	―	0.42%	13.46%
TV	56 Neutral	$1.51B	-2.48	-9.77%	3.03%	-18.28%	-42.53%

Grupo Televisa, S.A.B. Corporate Events

Grupo Televisa Discloses Share Sale Agreement Among Top Executives

On January 5, 2026, Grupo Televisa, S.A.B. reported that controlling shareholders Emilio Azcárraga Jean, Bernardo Gómez Martínez and Alfonso de Angoitia Noriega had entered into an agreement under which Gómez and de Angoitia will each acquire, in equal parts, a minority stake totaling 26,332,332,804 Series A shares from Azcárraga. The transaction, which remains subject to customary closing conditions including approval by Mexico’s competition authority, Comisión Nacional Antimonopolio, signals an internal rebalancing of ownership among Televisa’s top leaders that could subtly reshape governance dynamics while maintaining continuity in strategic direction for investors and other stakeholders.

The most recent analyst rating on (TV) stock is a Buy with a $10.00 price target. To see the full list of analyst forecasts on Grupo Televisa, S.A.B. stock, see the TV Stock Forecast page.

Grupo Televisa Faces Fitch Ratings Downgrade

On December 10, 2025, Grupo Televisa announced that Fitch Ratings downgraded its Long-Term Foreign and Local Currency Issuer Default Ratings to ‘BB+’ from ‘BBB-‘, and its National Long-Term Rating to ‘AA (mex)’ from ‘AA+(mex)’. The Rating Outlook remains Stable. This downgrade may impact Televisa’s financial standing and stakeholder confidence, potentially influencing its market positioning and future operations.

The most recent analyst rating on (TV) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Grupo Televisa, S.A.B. stock, see the TV Stock Forecast page.