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2mo ago

Televisa Posts Q3 Loss on Tax Accounting Hit as Margins and Leverage Improve

A deferred‑tax asset cancellation drove the loss, signaling a non‑cash impact rather than a deterioration in underlying operations.

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Overview

  • Consolidated revenue fell 4.8% year on year to 14,627 million pesos for the quarter.
  • The operating-segment margin expanded to roughly 38–38.5%, reflecting integration synergies and cost efficiencies.
  • Reported total debt declined to 87,061 million pesos with consolidated net debt at 50,086 million, and net debt to EBITDA improved to about 2.1x after a $200 million bond prepayment and a 2.7 billion‑peso loan refinancing.
  • Sky shed 329,395 revenue-generating units in the quarter, while Izzi added 113,587 units and closed September with more than 15.3 million.
  • TelevisaUnivision reported continued growth with ViX surpassing 10 million paying users and adjusted EBITDA rising to $1.2 billion, up about 8% year on year.