Cable Segment Profitability Improvement
Profitability improved by almost 400 basis points to 39.4% compared to Q3 2023, with expectations of continued expansion in the coming years.
CapEx Optimization in Cable Segment
Year-to-date cable investments declined by 38% year-on-year, with a CapEx to sales ratio of 14.4%, which is over 800 basis points lower than the previous year.
Increase in Free Cash Flow
Grupo Televisa generated over MXN 6.3 billion in free cash flow, representing a 9-month free cash flow yield of around 25%.
ViX Profitability
TelevisaUnivision's direct-to-consumer business, ViX, became profitable during the third quarter, achieving a milestone only two years after launching the service.
Operating Cash Flow Growth
Grupo Televisa's consolidated operating cash flow was around MXN 11.3 billion, growing by about 27% year-on-year and accounting for around 24% of sales.