Education
About Us
Working with TipRanks
Follow Us
Grupo Televisa, S.A.B. (TV)
:TV
Top Page
Grupo Televisa, S.A.B.
(NYSE:TV)
Rating:50Neutral
Price Target:
$3.00
▲(26.05% Upside)
Positive Factors
Currency Impact
A weaker peso by itself would benefit margins given the mismatch between U.S. advertising and distribution revenues vs. peso programming costs.
Revenue Diversification
Peso revenue exposure from a U.S. investor perspective is alleviated by having a significant portion of TelevisaUnivision revenues, and advertising, attributable to the U.S. market rather than Mexico.
Negative Factors
Economic Slowdown
Any economic slowdown dampening consumer product, financial services, automotive, and entertainment categories with high Hispanic market appeal would be most significant to TelevisaUnivision.
Tariffs
The new 25% tariff implementations are admittedly a major impediment to remedying Televisa’s chronic stock undervaluation.
Grupo Televisa, S.A.B. (TV) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.15B
Dividend Yield3.82%
Average Volume (3M)1.71M
Price to Earnings (P/E)―
Beta (1Y)0.68
Revenue Growth-23.01%
EPS Growth13.13%
CountryUS
Employees27,077
SectorCommunication Services
Sector Strength82
IndustryTelecommunications Services
Share Statistics
EPS (TTM)0.05
Shares Outstanding477,500,000
10 Day Avg. Volume2,382,657
30 Day Avg. Volume1,707,176
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap3.81
Enterprise Value/Revenue0.07
Enterprise Value/Gross Profit0.21
Enterprise Value/Ebitda0.42
Forecast
1Y Price Target
$4.28Price Target Upside79.83% Upside
Rating ConsensusHold
Number of Analyst Covering4
Grupo Televisa, S.A.B. Business Overview & Revenue Model
Company DescriptionGrupo Televisa, S.A.B. is a leading media and telecommunications company based in Mexico, primarily focused on television production and broadcasting. The company operates in various sectors including television networks, content production, publishing, and telecommunications services. Its core products and services include a wide range of television programming, cable and satellite television services, as well as digital media content. Televisa also produces films, operates pay-TV channels, and has a significant presence in the Spanish-language media market.
How the Company Makes MoneyGrupo 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. Earnings Call Summary
Earnings Call Date:Jul 22, 2025
(Q2-2025)
| % Change Since: 0.42%|
Next Earnings Date:Oct 23, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted several positive achievements such as stable Internet subscriber base, cost efficiencies, and significant growth in ViX subscribers. However, these were offset by challenges including declines in video subscribers, Sky revenue, and TelevisaUnivision's overall revenue. Despite cost savings and strategic improvements, the revenue declines present notable challenges.Q2-2025 Updates
Positive Updates
Stable Internet Subscriber Base
Grupo Televisa's strategy to focus on attracting and retaining value customers in Cable has stabilized their Internet subscriber base in the first half of the year with potential sequential growth expected.
OpEx Efficiencies and Synergies
Implementation of OpEx efficiencies and integration between Izzi and Sky expanded consolidated operating segment income margin by around 80 basis points to 38.1%, driven by a 7% year-on-year OpEx reduction.
Free Cash Flow and Debt Repayment
Grupo Televisa generated MXN 3.6 billion in free cash flow, allowing them to prepay a bank loan and reduce their leverage ratio from 2.4x to 2.2x EBITDA.
ViX Growth and Subscriber Milestone
ViX's engagement and growth remain strong with subscribers surpassing 10 million, implying double-digit growth year-on-year.
TelevisaUnivision's Cost Savings
The efficiency plan at TelevisaUnivision successfully reduced operating expenses by 13% year-on-year, achieving savings of $226 million.
Negative Updates
Decline in Video Subscribers
Grupo Televisa lost about 53,000 video subscribers during the second quarter, compared to 73,000 in the first quarter and 95,000 in the fourth quarter of 2024.
Sky Revenue Decline
Sky's second quarter revenue of MXN 3.2 billion declined by 16.3% year-on-year, mainly due to a lower subscriber base.
TelevisaUnivision Revenue Decline
The company's second quarter revenue of $1.2 billion declined by 4% year-on-year, despite adjusted EBITDA increasing by 10%.
Advertising Revenue Decline
Consolidated advertising revenue decreased by 5% year-on-year, impacted by a 13% decline in Mexico due to the depreciation of the Mexican peso.
Company Guidance
During Grupo Televisa's Second Quarter 2025 Conference Call, the company provided guidance highlighting several key financial metrics and strategic priorities. The company reported a consolidated operating segment income margin expansion by approximately 80 basis points to 38.1% in the first half of the year, driven by a 7% year-on-year reduction in operating expenses (OpEx). They have adjusted their CapEx budget for 2025, reducing it from $665 million to $600 million due to successful negotiations with suppliers. In the first half, Grupo Televisa generated approximately MXN 3.6 billion in free cash flow, which facilitated the prepayment of a bank loan due in 2026 with a principal amount of MXN 2.65 billion. TelevisaUnivision surpassed 10 million subscribers, experiencing double-digit growth year-on-year. The company also achieved $226 million in total savings from an efficiency plan, reducing operating expenses by about 13% year-on-year. Furthermore, TelevisaUnivision's leverage ratio improved to 5.5x EBITDA from 5.8x in the previous quarter.Grupo Televisa, S.A.B. Financial Statement Overview
Summary
Grupo Televisa is facing severe financial challenges with declining revenues and persistent net losses impacting profitability and operational performance. The high leverage on the balance sheet adds financial risk, although the large cash position offers some liquidity buffer. The absence of operating and free cash flow in the most recent year further highlights potential liquidity issues.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.35
Negative
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.45
Neutral
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.30
Negative
| 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
Positive
2.38
Price Trends
2.26
Positive
2.01
Positive
1.96
Positive
Market Momentum
0.08
Positive
49.81
Neutral
20.28
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 2.38 is below the 20-day moving average (MA) of 2.39, above the 50-day MA of 2.26, and above the 200-day MA of 1.96, indicating a neutral trend. The MACD of 0.08 indicates Positive momentum. The RSI at 49.81 is Neutral, neither overbought nor oversold. The STOCH value of 20.28 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
Overall Rating
UnderperformOutperform
Sector (56)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $19.47B | 19.31 | 8.20% | 3.57% | -6.51% | -0.21% | |
78 Outperform | $5.16B | 12.18 | 6.74% | 5.48% | 14.09% | -11.43% | |
74 Outperform | $58.35B | 20.16 | 14.41% | 2.74% | -0.64% | 56.92% | |
64 Neutral | $4.38B | 21.47 | 3.99% | 2.02% | -12.77% | 40.80% | |
60 Neutral | $30.63B | ― | -3.55% | 6.60% | -4.73% | -251.31% | |
56 Neutral | HK$65.70B | -2.27 | -5.00% | 5.27% | -0.73% | -14.31% | |
50 Neutral | $1.15B | ― | -7.09% | 3.82% | -23.01% | 13.13% |
* Communication Services Sector Average
Performance Comparison
TV
Grupo Televisa, S.A.B.
2.38
0.44
22.68%
AMX
America Movil
19.05
2.56
15.52%
TEO
Telecom Argentina
10.09
3.20
46.44%
VIV
Telefonica Brasil
12.11
3.39
38.88%
TEF
Telefonica
5.40
1.21
28.88%
TKC
Turkcell Iletisim
5.91
-1.35
-18.60%
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.