Grupo Televisa, S.A.B.
- Open
- 2.69
- Day high
- 2.77
- Day low
- 2.69
- Prev close
- 2.71
- Volume
- 331K
- Mkt cap
- $2.9B
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 0.5
- P/S
- 0.9
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$1.0M over the last 3 months (0 open-market buys, 22 sales)
- 🏛Institutions accumulating (13F)
Grupo Televisa, S.A.B. (TV) is a Communication Services company listed on NYSE. The stock is up 20% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 22 sales (SEC Form 4).
Grupo Televisa, S.A.B. (TV) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
TV earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 29, 2026 | $0.01 | $0.11 | +1000.0% | $831M | +1.2% |
| Oct 24, 2025 | $0.03 | $-0.19 | -733.3% | $795M | -0.5% |
| Jul 22, 2025 | $-0.01 | $0.05 | +600.0% | $790M | -0.6% |
| Apr 30, 2025 | — | $-0.87 | — | $730M | — |
| Oct 24, 2024 | $0.01 | $0.07 | +449.9% | $797M | +1.8% |
| Apr 30, 2024 | — | $-0.72 | — | $946M | — |
| Oct 27, 2023 | $-0.03 | $-0.10 | -225.8% | $1.0B | +1.9% |
| Feb 24, 2023 | $-0.05 | $-1.27 | -2440.0% | $975M | -2.4% |
| Oct 28, 2022 | — | $0.03 | — | $954M | +0.2% |
| Jul 27, 2022 | $0.05 | $0.28 | +460.0% | $918M | +0.3% |
| Apr 29, 2022 | — | $0.26 | — | $1.4B | — |
| Oct 22, 2021 | $0.16 | $0.07 | -56.3% | $1.4B | +8.5% |
TV insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 10, 2026 | FRIES MICHAEL Tdirector | Grant | 268,470 | $0.09 |
| Jun 10, 2026 | MENDOZA GIMENEZ Lorenzo Alejandrodirector | Grant | 268,470 | $0.09 |
| Jun 10, 2026 | ENRIQUEZ DAHLHAUS Jean Micheldirector | Grant | 268,470 | $0.09 |
| Jun 10, 2026 | Zaslav Daviddirector | Grant | 53,694 | $0.46 |
| Jun 9, 2026 | FELTHEIMER JONdirector | Grant | 53,694 | $0.46 |
| Jun 9, 2026 | BUSTOS OLIVARES Luis Alejandrodirector, officer: Legal V.P. and General Counsel | Grant | 774,550 | $0.09 |
| Jun 9, 2026 | BUSTOS OLIVARES Luis Alejandrodirector, officer: Legal V.P. and General Counsel | Grant | 268,470 | $0.09 |
| Jun 9, 2026 | Valim Franciscoofficer: See remarks | Grant | 2,117,920 | $0.09 |
| Jun 9, 2026 | PHILLIPS MARGAIN Carlosofficer: Chief Financial Officer | Grant | 1,012,630 | $0.09 |
| Jun 9, 2026 | GARCIA NARANJO ALVAREZ Guillermodirector | Grant | 268,470 | $0.09 |
| Jun 9, 2026 | PHILLIPS MARGAIN Guadalupedirector | Grant | 268,470 | $0.09 |
| Jun 9, 2026 | Fernandez Fernandez Jose Luisdirector | Grant | 268,470 | $0.09 |
| Jun 9, 2026 | HANK GONZALEZ Carlosdirector | Grant | 268,470 | $0.09 |
| Jun 9, 2026 | FOLCH VIADERO Salvi Rafaeldirector | Grant | 268,470 | $0.09 |
| Jun 9, 2026 | CHEDRAUI EGUIA Jose Antonioofficer: Administrative Advisor | Grant | 268,470 | $0.09 |
Source: TV SEC Form 4 filings, latest Jun 10, 2026. For informational purposes only — not investment advice.
See the full TV insider & 13F page →Grupo Televisa, S.A.B. company profile
Overview
Grupo Televisa, S.A.B. (BMV:TV) is Mexico's largest media and telecommunications conglomerate, founded in 1969 and headquartered in Mexico City. The company has evolved from a traditional broadcaster into a diversified media and telecommunications provider serving the Spanish-speaking world. Following a major strategic transformation in 2021 when it merged its content operations with Univision to form TelevisaUnivision, Televisa has repositioned itself as a telecommunications-focused company while maintaining significant content production capabilities and a stake in the combined streaming and broadcasting entity.
Business
Grupo Televisa operates as a comprehensive media and telecommunications company across four primary business segments. The Cable segment represents the company's largest revenue generator, operating cable television and telecommunications facilities that serve approximately 20 million homes across Mexico. This division provides broadband internet, pay television subscriptions, telephone services, and mobile connectivity, while also selling advertising time on its channels. The cable infrastructure includes an extensive fiber-optic network that delivers high-speed internet and data services to both residential and business customers. The Sky segment operates direct-to-home satellite television services across Mexico, Central America, and the Dominican Republic. This business provides satellite TV programming packages, equipment rental, installation services, and national advertising sales. Sky competes in the pay-TV market by offering programming bundles and has been integrating with Televisa's cable operations to achieve operational synergies. The Content segment produces television programming and operates broadcast channels including the iconic Channels 2, 4, 5, and 9 in Mexico. This division creates Spanish-language content for domestic and international markets, licenses programming to other broadcasters and streaming platforms, and generates revenue through advertising sales and content syndication across Latin America, the United States, and Europe. The Other Businesses segment encompasses sports promotion, soccer team ownership (Club América), feature film production and distribution, gaming operations, and publishing businesses. This segment has been undergoing strategic divestiture as the company focuses on its core telecommunications and content operations. Additionally, Televisa holds a significant equity stake in TelevisaUnivision, the combined entity formed through the 2021 merger with Univision. TelevisaUnivision operates the ViX streaming platform, which has become a major Spanish-language streaming service targeting the global Hispanic market with both free (AVOD) and premium (SVOD) tiers.
Revenue model
Televisa generates revenue through multiple complementary business models across its diversified operations. The Cable segment operates on a subscription-based model, collecting monthly fees from residential and business customers for broadband internet, television packages, and telecommunications services. This segment also generates revenue through equipment sales, installation fees, and data services provided to other telecommunications carriers through its fiber-optic network infrastructure. The Sky satellite television business follows a similar subscription model, charging customers monthly fees for programming packages while also collecting equipment rental charges and installation fees. Both the Cable and Sky segments supplement subscription revenue with advertising sales, selling commercial time during programming to local and national advertisers. The Content segment monetizes through advertising revenue from its broadcast channels and licensing fees from syndicating programming to other networks and streaming platforms internationally. The company also generates revenue through content production services for third-party clients and direct content sales. Televisa's investment in TelevisaUnivision provides exposure to both subscription revenue from the ViX+ premium streaming service and advertising revenue from the free ViX platform, along with traditional broadcast advertising from Univision's U.S. operations. Several factors influence the company's profitability margins. Positive margin drivers include the high fixed-cost nature of telecommunications infrastructure that benefits from subscriber scale, successful integration synergies between Cable and Sky operations, and the company's focus on higher-value customers with lower churn rates. Negative margin pressures come from intense competition in Mexico's telecommunications market, the secular decline in traditional pay-TV subscriptions, rising content costs, and the capital-intensive nature of network infrastructure upgrades. Currency fluctuations also impact margins given the company's dollar-denominated debt and international operations.
Competitive moat
Televisa possesses a moderate but narrowing competitive moat primarily built on infrastructure assets and content capabilities, though this moat faces increasing pressure from technological disruption and competition. The company's strongest defensive position lies in its extensive cable and fiber-optic network infrastructure, which represents billions of dollars in sunk capital costs that competitors cannot easily replicate. This physical network reaches nearly 20 million homes across Mexico, providing a substantial barrier to entry for potential competitors seeking to offer broadband and telecommunications services in these markets. The company's content production capabilities and library of Spanish-language programming provide another layer of competitive advantage, particularly given the cultural specificity and local market knowledge required to create resonant content for Mexican and broader Hispanic audiences. Televisa's decades of experience in content creation, combined with its broadcast distribution channels, creates some competitive differentiation in the media landscape. However, Televisa's moat is under significant pressure from multiple directions. Streaming services like Netflix, Amazon Prime, and Disney+ are increasingly investing in Spanish-language content and can distribute globally without the need for physical infrastructure. Telecommunications competition has intensified with companies like América Móvil and other regional players offering competitive broadband and mobile services. The cord-cutting trend continues to erode traditional pay-TV subscriptions, while over-the-top streaming services bypass traditional cable infrastructure entirely. The company's geographic concentration in Mexico also represents both an advantage and vulnerability - while it provides deep local market knowledge and regulatory relationships, it also limits growth opportunities and exposes the business to country-specific economic and political risks. Overall, while Televisa maintains certain competitive advantages, its moat is best characterized as moderate and declining, requiring continuous investment and strategic adaptation to maintain market position.
Risks & safety
Televisa presents a moderate margin of safety with reasonable liquidity but elevated leverage concerns. **Cash and Liquidity Position:** - Strong cash position of $2.2 billion provides substantial liquidity buffer - Current ratio of 2.49 indicates comfortable short-term debt coverage - Operating cash flow generation of approximately MXN 14.3 billion demonstrates ongoing cash generation capability **Debt and Solvency Metrics:** - Debt-to-equity ratio of 1.06 indicates moderate leverage - Over 60% of debt is dollar-denominated at fixed rates, providing some interest rate protection - Company maintains investment-grade credit profile with manageable debt service requirements **Valuation Considerations:** - Trading at 0.04 times book value suggests potential asset value disconnect - Negative earnings due to one-time charges and restructuring costs - EV/EBITDA multiple appears reasonable relative to telecommunications peers - Free cash flow generation provides underlying value support **Risk Factors:** - Declining traditional media revenues create ongoing operational headwinds - Mexican peso exposure creates currency volatility - Regulatory changes in telecommunications sector could impact profitability - Competitive pressures in both cable and content markets remain intense
Recent development
Over the past several years, Televisa has undergone a significant strategic transformation focused on operational efficiency, business segment integration, and portfolio optimization. The most significant development was the 2021 merger of Televisa's content operations with Univision to create TelevisaUnivision, allowing the company to maintain exposure to content creation while focusing primarily on telecommunications infrastructure. The company has aggressively pursued operational synergies through the integration of its Cable and Sky segments, achieving approximately MXN 400 million in cost savings by combining commercial operations, sales channels, programming, IT systems, and marketing functions. This integration reduced combined operating expenses by 10% while optimizing capital expenditure deployment by 37% to approximately $400 million annually. Portfolio simplification has been another key strategic initiative, with Televisa spinning off non-core assets including its sports and gaming businesses through the Ollamani entity, which was successfully listed on the Mexican Stock Exchange with a market capitalization of approximately $330 million. This divestiture allows management to focus resources on core telecommunications and content operations. The company has also prioritized customer quality over quantity, implementing strategies to reduce subscriber churn below 2% while focusing on higher-value customers with greater loyalty and lower price sensitivity. This approach has helped improve EBITDA margins in the Cable segment to 39%, representing a 300 basis point improvement. Perhaps most significantly, the ViX streaming platform achieved profitability in Q3 2024, representing a major milestone in Televisa's digital transformation strategy. The platform has grown to over 50 million monthly active users and 8.4 million subscribers, establishing itself as a leading Spanish-language streaming service. TelevisaUnivision has also implemented significant cost reduction measures, reducing its global workforce by 1,000 employees (8%) while maintaining revenue growth of 3% to $5.1 billion annually.
TV company profile · for informational purposes only — not investment advice.
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