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Grupo Televisa (TELEVISACPO) investor relations material

Grupo Televisa Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2025 earnings summary23 Jul, 2025

Executive summary

  • Revenue and operating segment income declined by 6.3% and 4.3% year-over-year, but margin improved to 38.4% due to efficiencies and synergies.

  • Broadband subscribers reached 5.6 million with net additions, and mobile subscribers grew by 83.5 thousand after a service relaunch.

  • Net income turned positive at Ps.552.5 million, driven by higher operating income, lower expenses, and increased associate income.

  • Sky segment lost 346.6 thousand RGUs, with revenue down 16.3% year-over-year.

  • Operating cash flow margin was 24.1% for the quarter.

Financial highlights

  • Consolidated revenue for Q2'25 was Ps.14,729 million, down 6.3% year-over-year.

  • Operating segment income was Ps.5,694 million, down 4.3% year-over-year.

  • Operating segment income margin improved by 70 basis points to 38.4% year-over-year.

  • Net income attributable to stockholders was Ps.474.5 million, up from a loss of Ps.25.6 million year-over-year.

  • Operating cash flow margin stood at 24.1% for the quarter.

Outlook and guidance

  • CapEx guidance for 2025 set at US$600 million, down from previous levels, with focus on higher investment returns and accelerated deployment in H2.

  • Continued focus on value customers, operational efficiencies, and integration to drive shareholder value.

  • Churn rates at historic lows, with expectations for continued low churn and stable, incremental growth in high-value subscribers.

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Frequently asked questions

Grupo Televisa S.A.B. operates as a media company engaged in content production, pay television, publishing, and telecommunications. It offers broadcasting services and digital content for audiences primarily in Mexico, the United States, and Latin America. The company is headquartered in Mexico City, Mexico, and its shares are listed on the BMV.

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