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Televisa Finalizes Izzi–Sky Integration, Moves to Single ‘Telecom’ Reporting

The company says the consolidation delivered cost synergies that restored operating profitability in 2025 despite a revenue decline.

Overview

  • Starting with Q4 2025, Televisa is presenting cable (Izzi) and satellite (Sky) as one consolidated telecom segment with residential, satelital and empresarial revenue categories.
  • Operating income reached 4,224.9 million pesos in 2025, reversing a 2024 operating loss as margins expanded, including a 40.9% segment margin in the fourth quarter.
  • Full-year revenue fell 5.4% to 58,878.2 million pesos, with weakness concentrated in satellite services.
  • Televisa reported connectivity gains for the year, adding 117,600 new fiber homes, 46,900 broadband lines and 318,900 mobile customers.
  • The company reduced total debt by about 16.5% and lowered net finance costs, though at least one outlet reported a full-year net loss, underscoring the distinction between operating results and net income.