Grupo Televisa, S.A.B. (TV)
NYSE:TV
Want to see TV full AI Analyst Report?
Top Page
Grupo Televisa, S.A.B.
(NYSE:TV)
Select Model
Select Model
Rating:51Neutral
Price Target:
$3.00
▼(-8.54% Downside)
Action:Reiterated
Date:05/29/26
The score is held back primarily by weak financial performance (ongoing net losses and shrinking revenue, with softening free-cash-flow trends) and bearish technical momentum (negative MACD and price below key moving averages). A reasonable P/E and moderate dividend yield provide partial offset on valuation.
Positive Factors
Telecom integration and cost synergies
Combining Cable and Sky into one Telecom unit creates a single management structure and consolidated operations, enabling recurring cost synergies, simpler capital allocation and clearer performance tracking. This structural change should sustainably improve operating efficiency and decision-making over months.
Negative Factors
Persistent net losses and shrinking revenue
Ongoing net losses and declining revenue signal structural demand and profitability challenges. Persistent negative net margins erode equity returns and reduce retained earnings, constraining reinvestment and limiting the firm's ability to self-fund strategic initiatives over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Telecom integration and cost synergies
Combining Cable and Sky into one Telecom unit creates a single management structure and consolidated operations, enabling recurring cost synergies, simpler capital allocation and clearer performance tracking. This structural change should sustainably improve operating efficiency and decision-making over months.
Read all positive factors
Grupo Televisa, S.A.B. (TV) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.33B
Dividend Yield3.03%
Average Volume (3M)1.51M
Price to Earnings (P/E)―
Beta (1Y)0.32
Revenue Growth-1.68%
EPS Growth-1.81%
CountryUS
Employees27,082
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)-5.55
Shares Outstanding477,500,000
10 Day Avg. Volume1,677,605
30 Day Avg. Volume1,514,766
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)0.05
Price to Sales (P/S)0.08
P/FCF Ratio0.47
Enterprise Value/Market Cap66.10
Enterprise Value/Revenue1.51
Enterprise Value/Gross Profit3.93
Enterprise Value/Ebitda5.62
Forecast
1Y Price Target
$3.20Price Target Upside-2.44% Downside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)0.18
Revenue Forecast (FY)$3.28B
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:Jul 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
28
Negative
Balance Sheet
52
Neutral
Cash Flow
45
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 58.42B | 58.88B | 62.26B | 66.22B | 68.62B | 73.92B |
| Gross Profit | 22.40B | 22.48B | 21.14B | 22.93B | 25.26B | 27.26B |
| EBITDA | 15.67B | 23.67B | 20.82B | 22.14B | 17.87B | 32.97B |
| Net Income | -8.11B | -9.17B | -8.27B | -8.42B | 44.71B | 6.06B |
Balance Sheet | ||||||
| Total Assets | 226.42B | 229.26B | 251.48B | 262.67B | 299.11B | 14.35B |
| Cash, Cash Equivalents and Short-Term Investments | 34.71B | 36.43B | 47.49B | 32.84B | 51.14B | 1.26B |
| Total Debt | 88.56B | 91.58B | 108.34B | 95.83B | 113.61B | 6.62B |
| Total Liabilities | 122.08B | 126.21B | 139.82B | 128.00B | 154.98B | 9.64B |
| Stockholders Equity | 94.84B | 93.54B | 102.42B | 119.28B | 128.31B | 3.96B |
Cash Flow | ||||||
| Free Cash Flow | 1.89B | 9.72B | 22.08B | -1.38B | -6.65B | 4.16B |
| Operating Cash Flow | 10.70B | 23.20B | 32.55B | 15.20B | 12.47B | 29.32B |
| Investing Cash Flow | -6.94B | -16.62B | -9.01B | -15.76B | 42.70B | -18.85B |
| Financing Cash Flow | -12.20B | -16.32B | -9.39B | -17.75B | -29.77B | -13.73B |
Grupo Televisa, S.A.B. Technical Analysis
Negative
3.28
Price Trends
2.91
Negative
3.01
Negative
2.86
Negative
Market Momentum
-0.05
Positive
33.70
Neutral
24.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TV, the sentiment is Negative. The current price of 3.28 is above the 20-day moving average (MA) of 2.82, above the 50-day MA of 2.91, and above the 200-day MA of 2.86, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 33.70 is Neutral, neither overbought nor oversold. The STOCH value of 24.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 0 New Risks
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 |
|---|---|---|---|---|---|---|---|
71 Outperform | $79.01B | 15.14 | 20.61% | 2.69% | 9.51% | 187.55% | |
70 Outperform | $21.44B | 16.96 | 9.28% | 5.03% | 10.34% | 17.26% | |
69 Neutral | $89.88B | 4.79 | 19.83% | 4.42% | 1.39% | 24.78% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
51 Neutral | $1.33B | -6.12 | -8.25% | 3.03% | -1.68% | -1.81% | |
51 Neutral | $20.39B | 3.66 | 30.84% | ― | -0.92% | 3.13% |
* Communication Services Sector Average
TV
Grupo Televisa, S.A.B.
2.66
0.69
35.03%
AMX
America Movil
25.38
8.82
53.26%
CHTR
Charter Communications
144.05
-250.73
-63.51%
CMCSA
Comcast
24.87
-5.94
-19.28%
VIV
Telefonica Brasil
13.14
3.62
38.01%
Grupo Televisa, S.A.B. Corporate Events
Televisa Hit With S&P Downgrade to BBB- and Negative Outlook
May 11, 2026
Grupo Televisa, S.A.B., a leading Mexican telecommunications and pay television provider, operates extensive cable networks and a direct-to-home satellite TV platform serving residential, commercial and enterprise clients. The company also holds k...
Grupo Televisa Posts 2025 Loss but Narrows Pre-Tax Deficit as It Integrates Cable and Sky Into Single Telecom Unit
May 8, 2026
On May 4, 2026, Grupo Televisa reported full-year and fourth-quarter 2025 results prepared under IFRS, highlighting a reorganization that merged its Cable and Sky operations into a single Telecom segment with Residential, Satellite and Enterprise ...
Grupo Televisa Posts Higher Q1 2026 Profit Despite Revenue Dip After Telecom Reorganization
May 5, 2026
On April 28, 2026, Grupo Televisa reported first-quarter 2026 results prepared under IFRS, reflecting its reorganization that since late 2025 combines Cable and Sky operations into a single Telecom segment with Residential, Satellite and Enterpris...
Grupo Televisa Files Form 20-F and 2025 Annual Report in U.S. and Mexico
May 1, 2026
On April 30, 2026, Grupo Televisa, S.A.B., a major Mexican telecommunications and pay TV provider and the largest shareholder of Spanish-language media group TelevisaUnivision, announced it had completed its annual regulatory filings in Mexico and...
Televisa Q1 2026: Profits Surge as Fiber and Enterprise Offset Satellite Decline
Apr 29, 2026
On April 28, 2026, Televisa reported first-quarter 2026 results showing a 3.1% year-on-year revenue decline to Ps.14.5 billion, largely due to a steep drop in satellite services revenue tied to a 27.6% contraction in its revenue-generating units. ...
Grupo Televisa Publishes 2025 Audited Financial Statements Ahead of Annual Meeting
Apr 2, 2026
Grupo Televisa said that on April 1, 2026 it published on its website the audited consolidated financial statements for the year ended December 31, 2025, ahead of its upcoming General Ordinary Stockholders Meeting. The statements have been issued ...
Grupo Televisa Confirms Completion of Insider Minority Stake Acquisition After Antitrust Clearance
Apr 2, 2026
On April 1, 2026, Grupo Televisa reported that company figures Emilio Azcárraga Jean, Bernardo Gómez Martínez and Alfonso de Angoitia Noriega had closed the acquisition of a minority stake in Televisa’s Series A shares. The tr...
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...
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.