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Grupo Televisa, S.A.B.
(NYSE:TV)
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Rating:54Neutral
Price Target:
$3.00
▲(9.09% Upside)
Action:Reiterated
Date:07/30/26
The score is held back primarily by weak fundamentals (shrinking revenue and ongoing net losses) and a negative P/E. It is supported by comparatively solid cash generation and an earnings-call narrative of cost discipline, margin improvement, and free-cash-flow focus, while technicals are mixed with the stock below longer-term moving averages.
Positive Factors
Strong cash generation and disciplined CapEx
Consistently positive operating cash flow and multi‑year free cash flow accumulation give the company durable financial flexibility. Lower, disciplined CapEx reduces cash burn from network upgrades while preserving investment to support returns, improving resilience to cyclical ad or subscriber shocks.
Negative Factors
Multi-year revenue decline and net losses
Shrinking top line combined with recurring net losses undermines retained earnings and equity returns. Even with operating margin improvement, non‑operating items and taxes keep net losses, constraining reinvestment ability and making long‑term profitability recovery dependent on sustained revenue stabilization.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation and disciplined CapEx
Consistently positive operating cash flow and multi‑year free cash flow accumulation give the company durable financial flexibility. Lower, disciplined CapEx reduces cash burn from network upgrades while preserving investment to support returns, improving resilience to cyclical ad or subscriber shocks.
Read all positive factors
Grupo Televisa, S.A.B. (TV) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.50B
Dividend YieldN/A
Average Volume (3M)1.51M
Price to Earnings (P/E)―
Beta (1Y)0.40
Revenue Growth5.58%
EPS Growth-21.27%
CountryUS
Employees27,082
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)-7.55
Shares Outstanding477,500,000
10 Day Avg. Volume1,677,605
30 Day Avg. Volume1,514,766
Financial Highlights & Ratios
PEG Ratio-0.10
Price to Book (P/B)0.05
Price to Sales (P/S)0.08
P/FCF Ratio0.47
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$2.65Price Target Upside-3.64% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering2
EPS Forecast (FY)0.21
Revenue Forecast (FY)$3.27B
Grupo Televisa, S.A.B. Business Overview & Revenue Model
Company Description
Grupo Televisa, S.A.B. (TV) is a Mexico-based media and telecommunications company whose operations have historically included the production and distribution of Spanish-language content, television broadcasting, and cable/telecom services, as wel...
How the Company Makes Money
Televisa makes money primarily by monetizing (1) video and telecom services and (2) media/content assets. In its cable/telecom operations, revenue is generated from recurring subscription fees paid by households and businesses for pay-TV, broadban...
Grupo Televisa, S.A.B. Earnings Call Summary
Earnings Call Date:Jul 23, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 22, 2026
Earnings Call Sentiment Positive
The call presented a broadly positive operational turnaround story: strong cost and headcount reductions, margin expansion, disciplined CapEx, accelerating FTTH rollout, solid free cash flow and notable revenue upside from the World Cup (especially in Mexico and for ViX). Key near-term challenges include weak broadband gross adds in Q2, material Sky subscriber and revenue declines, U.S. advertising headwinds that pressured TelevisaUnivision EBITDA, and elevated leverage at TelevisaUnivision. On balance the operational improvements, cash generation and margin gains outweigh the transitory top-line and advertising weaknesses.Positive Updates
Stabilized and Improving Broadband Base
Sequential Internet subscriber growth for 5 consecutive quarters; churn below 2% for 5 consecutive quarters and Q2 2026 churn at the lowest level in the last 10 quarters.
Negative Updates
Weak Broadband Net Adds in Q2
Broadband net adds were soft at just 9,400 in Q2 due to an April price increase, more aggressive competitor promotions and an earlier-than-expected rainy season (although 80,000 net adds over last 4 quarters remain in line with internal goals).
Read all updates
Q2-2026 Updates
Positive
Negative
Stabilized and Improving Broadband Base
Sequential Internet subscriber growth for 5 consecutive quarters; churn below 2% for 5 consecutive quarters and Q2 2026 churn at the lowest level in the last 10 quarters.
Read all positive updates
Company Guidance
Management's guidance emphasized continued execution and near-term pacing: Izzi is on track for full FTTH by Q2 2027 (20.0M homes passed, 12.0M FTTH = ~60% after Q2 upgrades of ~1.5M homes and ~12,000 homes passed in the quarter, with ~8.0M more homes to upgrade in the next 12 months), broadband net adds were 9,400 in Q2 ( >80,000 over the last 4 quarters), video RGU loss 31k (vs ~38k avg) and mobile net adds 72k (vs ~92k avg); H1 residential+enterprise revenue MXN23.7B (+2.6% YoY), Q2 residential MXN10.7B (+1.8% YoY, +1.1% seq) and enterprise MXN1.0B (+0.8%); segment revenue MXN14.3B (-3% YoY) with operating segment income MXN6.0B (+5%) and margin 41.8% (+310bps YoY), OpEx down ~8% and Q2 Cable+Sky CapEx MXN3.6B (25.3% of sales) with operating cash flow MXN2.4B (16.6% of sales). They reiterated free cash flow priority (cumulative FCF MXN16.4B; excl. upgrade MXN20.6B), disciplined CapEx (avg MXN11.3B, CapEx/sales 18.5% vs 25.8% prior; organic CapEx MXN9.1B, ratio 14.9%), lower annual OpEx MXN34.5B (‑18.4% vs MXN42.2B) and leverage reduced to 1.6x EBITDA (from 2.4x). For TelevisaUnivision they expect Q3 U.S. ad trends broadly consistent with Q2, continued World Cup momentum in Mexico/LatAm and partial offset from Q4 U.S. political advertising; Q2 results were $1.3B revenue (+10%), Mexico $605M (+53%), U.S. $722M (‑11%), adj. EBITDA $388M (‑3%), consolidated ad revenue ‑9% (U.S. ‑29%, Mexico +23%), subscription/licensing +40% (including ~$90M World Cup sublicensing), ViX drove record engagement and ~1M World Cup add‑ons; cash $766M, ~$770M available capacity, TelevisaUnivision net debt/EBITDA 5.5x (from 5.7x).Grupo Televisa, S.A.B. Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
55
Neutral
Cash Flow
62
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 57.98B | 58.88B | 62.26B | 66.22B | 68.62B | 73.92B |
| Gross Profit | 22.22B | 22.48B | 21.14B | 22.93B | 25.26B | 27.26B |
| EBITDA | 19.41B | 23.67B | 20.82B | 22.14B | 17.87B | 32.97B |
| Net Income | -9.08B | -9.17B | -8.27B | -8.42B | 44.71B | 6.06B |
Balance Sheet | ||||||
| Total Assets | 235.86B | 229.26B | 251.48B | 262.67B | 299.11B | 14.35B |
| Cash, Cash Equivalents and Short-Term Investments | 41.83B | 36.43B | 47.49B | 32.84B | 51.14B | 1.26B |
| Total Debt | 87.81B | 91.58B | 108.34B | 95.83B | 113.61B | 6.62B |
| Total Liabilities | 124.21B | 126.21B | 139.82B | 128.00B | 154.98B | 9.64B |
| Stockholders Equity | 101.82B | 93.54B | 102.42B | 119.28B | 128.31B | 3.96B |
Cash Flow | ||||||
| Free Cash Flow | 3.20B | 9.72B | 22.08B | -1.38B | -6.65B | 4.16B |
| Operating Cash Flow | 20.07B | 23.20B | 32.55B | 15.20B | 12.47B | 29.32B |
| Investing Cash Flow | -25.21B | -16.62B | -9.01B | -15.76B | 42.70B | -18.85B |
| Financing Cash Flow | -3.70B | -16.32B | -19.39B | -18.15B | -29.77B | -16.38B |
Grupo Televisa, S.A.B. Technical Analysis
Neutral
2.75
Price Trends
2.76
Positive
2.85
Negative
2.89
Negative
Market Momentum
>-0.01
Negative
49.47
Neutral
71.39
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 2.75 is below the 20-day moving average (MA) of 2.76, below the 50-day MA of 2.76, and below the 200-day MA of 2.89, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 49.47 is Neutral, neither overbought nor oversold. The STOCH value of 71.39 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. 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 |
|---|---|---|---|---|---|---|---|
72 Outperform | $84.00B | 7.78 | 12.04% | 5.92% | 0.58% | -48.94% | |
72 Outperform | $20.65B | 15.84 | 9.70% | 5.69% | 16.10% | 24.13% | |
67 Neutral | $77.63B | 14.71 | 21.99% | 2.28% | 13.40% | 75.68% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
54 Neutral | $1.50B | -2.03 | -9.27% | ― | 5.58% | -21.27% | |
54 Neutral | $19.00B | 3.72 | 30.43% | ― | -1.50% | 4.45% |
* Communication Services Sector Average
TV
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Grupo Televisa, S.A.B. Corporate Events
Televisa Posts Q2 2026 Loss Despite Stronger Operating Margin
Jul 29, 2026
Grupo Televisa, S.A.B. reported its second-quarter 2026 results on July 23, 2026, showing revenues down 3.0% year-on-year to Ps.14,288.9 million, mainly on weaker satellite services despite growth in residential and enterprise. Operating segment i...
Grupo Televisa Posts Q2 2026 Loss as Satellite Decline Offsets Fiber Gains
Jul 24, 2026
In its second-quarter 2026 results, reported on July 23, Grupo Televisa posted a 3.0% year-on-year revenue decline to Ps.14.29 billion but a 5.0% rise in operating segment income, lifting the margin to 41.8% amid efficiency gains and opex/capex op...
Grupo Televisa Announces Moody’s Downgrade to Ba2 With Stable Outlook
Jun 15, 2026
On June 12, 2026, Grupo Televisa, S.A.B. reported that Moody’s Ratings downgraded its senior unsecured and senior unsecured shelf ratings to Ba2 from Ba1 and assigned the company a Ba2 corporate family rating. Moody’s also revised Tele...
Grupo Televisa Raises MXN 6.9 Billion via Mandatory Convertible Debentures to Fund Telecom Strategy
Jun 4, 2026
On June 3, 2026, Grupo Televisa, S.A.B. issued zero-coupon mandatory convertible debentures totaling 6,917,800,007.42 Mexican pesos, following shareholder approvals granted on April 28, 2026. The instruments, priced based on the 30-day volume-weig...
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...
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.