Grupo Televisa, S.A.B. (TV)
NYSE:TV
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Grupo Televisa, S.A.B.
(NYSE:TV)
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Rating:47Neutral
Price Target:
$3.00
▲(0.67% Upside)
Action:ReiteratedDate:03/16/26
The score is held down primarily by weak financial performance (ongoing net losses and declining revenue) and bearish technical momentum (below key moving averages with weak RSI/MACD). Partially offsetting this are positive earnings-call signals around margin improvement, free cash flow and deleveraging, plus a moderate dividend yield, though guidance implies sustained elevated CapEx and the dividend suspension is a notable negative.
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.
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.
Read all positive and negative factors
Positive Factors
Negative 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.
Read all positive factors
Grupo Televisa, S.A.B. (TV) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.43B
Dividend Yield3.03%
Average Volume (3M)1.51M
Price to Earnings (P/E)―
Beta (1Y)0.44
Revenue Growth-18.28%
EPS Growth-42.53%
CountryUS
Employees27,082
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)-0.61
Shares Outstanding477,500,000
10 Day Avg. Volume1,677,605
30 Day Avg. Volume1,514,766
Financial Highlights & Ratios
PEG Ratio-0.12
Price to Book (P/B)0.25
Price to Sales (P/S)0.42
P/FCF Ratio5.86
Enterprise Value/Market Cap57.21
Enterprise Value/Revenue1.40
Enterprise Value/Gross Profit3.66
Enterprise Value/Ebitda4.02
Forecast
1Y Price Target
$3.30Price Target Upside10.74% Upside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)0.14
Revenue Forecast (FY)$3.23B
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 bas...
How the Company Makes Money
Televisa’s core monetization model combines (1) advertising sales tied to audience reach and (2) subscription-related revenue tied to pay-television distribution, supplemented by (3) content licensing and syndication.
1) Advertising revenue (broa...
Grupo Televisa, S.A.B. Earnings Call Summary
Earnings Call Date:Feb 26, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 28, 2026
Earnings Call Sentiment Positive
The call balances meaningful operational and financial progress—margin expansion, disciplined CapEx, free cash flow generation, deleveraging, strong DTC (ViX) performance and a clear fiber buildout plan—against continued top‑line pressures, notably declines in consolidated revenue, Sky RGU losses and Q4 EBITDA pressure at TelevisaUnivision. Management emphasized execution (cost savings, AI adoption, FTTH rollout) and deleveraging, suggesting confidence in value creation despite near‑term revenue headwinds.Positive Updates
Margin Expansion and OpEx Efficiency
Consolidated operating segment income margin expanded to 39.1% for 2025 (up 200 basis points year‑on‑year). In Q4, operating segment income margin was 40.9%, up 410 basis points year‑on‑year, driven by OpEx reductions of 8.3% and synergies from the Izzi–Sky integration.
Negative Updates
Consolidated Revenue Decline
Grupo Televisa consolidated revenue for 2025 was MXN 58.9 billion, down 5.5% year‑on‑year. Q4 consolidated revenue was MXN 14.5 billion, down 4.5% year‑on‑year.
Read all updates
Q4-2025 Updates
Positive
Negative
Margin Expansion and OpEx Efficiency
Consolidated operating segment income margin expanded to 39.1% for 2025 (up 200 basis points year‑on‑year). In Q4, operating segment income margin was 40.9%, up 410 basis points year‑on‑year, driven by OpEx reductions of 8.3% and synergies from the Izzi–Sky integration.
Read all positive updates
Company Guidance
The company guided that Grupo Televisa will target a higher CapEx cadence in 2026—about 25% of sales—to upgrade roughly 6 million homes to FTTH and reach ~15–16 million homes passed (≈75% of footprint) by year‑end (up from ~9 million homes/≈45% passed and 4.5 million FTTH upgrades in 2025); 2025 CapEx was MXN 12.2 billion (≈20.7% of sales) with Q4 CapEx MXN 4.6 billion (31.8% of sales). Grupo Televisa expects continued focus on value customers and cash generation (MXN 5.9 billion free cash flow in 2025 used to prepay ~MXN 2.7 billion of 2026 bank debt and a $220 million senior note), leaving leverage at ~2.0x EBITDA. For TelevisaUnivision, management expects similar 2026 CapEx to 2025’s $119 million, noted DTC now represents ~25% of revenue and ~20% of adjusted EBITDA, finished 2025 with $440 million cash, refinanced $2.3 billion of debt (leverage improved to 5.6x from 5.9x), and suspended the regular 2026 dividend while preparing for ViX to be the exclusive streaming home of all 104 World Cup matches.Grupo Televisa, S.A.B. Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
46
Neutral
Cash Flow
52
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 55.22B | 62.26B | 66.22B | 68.62B | 73.92B |
| Gross Profit | 21.09B | 21.14B | 22.93B | 25.26B | 27.26B |
| EBITDA | 20.61B | 18.37B | 22.14B | 17.87B | 32.97B |
| Net Income | -8.27B | -8.25B | -8.42B | 44.71B | 6.06B |
Balance Sheet | |||||
| Total Assets | 229.26B | 251.48B | 262.67B | 299.11B | 14.35B |
| Cash, Cash Equivalents and Short-Term Investments | 36.43B | 47.49B | 32.84B | 51.14B | 1.26B |
| Total Debt | 91.58B | 108.34B | 95.83B | 113.61B | 6.62B |
| Total Liabilities | 126.21B | 139.82B | 128.00B | 154.98B | 9.64B |
| Stockholders Equity | 93.54B | 102.42B | 119.28B | 128.31B | 3.96B |
Cash Flow | |||||
| Free Cash Flow | 3.93B | 21.95B | -1.38B | -6.65B | 4.23B |
| Operating Cash Flow | 15.36B | 32.42B | 15.20B | 12.47B | 29.40B |
| Investing Cash Flow | -15.59B | -9.68B | -15.76B | 42.70B | -19.04B |
| Financing Cash Flow | -8.92B | -9.28B | -17.75B | -29.77B | -13.84B |
Grupo Televisa, S.A.B. Technical Analysis
Positive
2.98
Price Trends
3.04
Negative
2.99
Negative
2.77
Positive
Market Momentum
-0.02
Negative
53.48
Neutral
50.92
Neutral
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 2.98 is above the 20-day moving average (MA) of 2.90, below the 50-day MA of 3.04, and above the 200-day MA of 2.77, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 53.48 is Neutral, neither overbought nor oversold. The STOCH value of 50.92 is Neutral, 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
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $100.49B | 5.14 | 20.98% | 4.42% | 0.20% | 61.54% | |
70 Outperform | $27.56B | 17.32 | 9.03% | 5.03% | -3.16% | 4.70% | |
62 Neutral | $83.43B | 14.48 | 17.05% | 2.69% | 1.14% | 83.48% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
57 Neutral | $30.89B | 5.66 | 31.24% | ― | 0.42% | 13.46% | |
47 Neutral | $1.43B | -2.78 | -10.73% | 3.03% | -18.28% | -42.53% |
* Communication Services Sector Average
TV
Grupo Televisa, S.A.B.
2.98
1.33
80.61%
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218.82
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CMCSA
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VIV
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Grupo Televisa, S.A.B. Corporate Events
Grupo Televisa Reports 2025 Results and Consolidates Cable and Sky Into Single Telecom Segment
Mar 4, 2026
On February 26, 2026, Grupo Televisa reported its full-year and fourth-quarter 2025 results, highlighting a 5.4% year-on-year revenue decline to Ps.58.88 billion, mainly from weaker satellite services, and a slight 0.6% drop in operating segment i...
Grupo Televisa Posts 2025 Loss as Satellite Revenue Falls, Telecom Integration Advances
Feb 27, 2026
On February 26, 2026, Televisa reported that 2025 consolidated revenues fell 5.4% to Ps.58.9 billion, mainly on a 17.5% drop in satellite revenues, while operating segment income slipped 0.6% but margin expanded to 39.1% as efficiency measures too...
Grupo Televisa Discloses Share Sale Agreement Among Top Executives
Jan 6, 2026
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 wi...
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.