Grupo Televisa Sees Revenue Dip but Profits Rise
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Grupo Televisa Sees Revenue Dip but Profits Rise

Grupo Televisa, S.A.B. (TV) has released an update.

Grupo Televisa reported a 6.4% decline in revenues for Q3 2024, amounting to Ps.15,362.8 million, primarily due to a 13.2% revenue drop at its Sky division. Despite the revenue decline, the company achieved a net income of Ps.666.5 million, a significant turnaround from a net loss of Ps.918.5 million in the same quarter last year, driven by increases in operating income and share of income from associates.

For further insights into TV stock, check out TipRanks’ Stock Analysis page.

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