Grupo Televisa, S.A.B. (TV) has released an update.
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Grupo Televisa, S.A.B. reported a mixed first quarter for 2024 with a significant acquisition from AT&T, a decline in revenue and operating segment income by 4.8% and 12.5% respectively, but a substantial 37.2% increase in operating cash flow. The company also expanded its fiber-to-the-home coverage, passing 135 thousand new homes. Despite challenges in the market, Grupo Televisa displayed a notable improvement in net income, turning around from a net loss in the first quarter of 2023 to a net gain in the same period of 2024.
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