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    TLEVISA CPO   MXP4987V1378

GRUPO TELEVISA, S.A.B.

(TLEVISA CPO)
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Grupo Televisa B : Mexico's Televisa trims losses in Q1 on partnership profit, lower expenses

04/22/2021 | 07:52pm EST

MEXICO CITY, April 22 (Reuters) - Mexico's largest broadcaster Grupo Televisa trimmed its losses in the first quarter this year, the company said on Thursday, driven by profit from partnerships and reduced financial expenses.

The company posted a net loss of 584 million pesos ($29 million) in the January-to-March period, compared to a steeper net loss of 9.7 billion pesos the same period a year earlier.

Televisa reported quarterly revenue of 23.83 billion pesos, up 2.6% year-on-year.

Compared with last year, the net loss was eased by a favorable exchange rate, reduced financial costs, and an additional 570 million pesos in operating income, according to a statement filed with the Mexican stock exchange.

The reduced losses were somewhat offset, however, by a decrease in income tax benefits, additional expenses and an increase of depreciation and amortization.

Televisa and Univision announced earlier in April they would merge content through the creation of a new Spanish language media company.

The new firm, called Televisa Univision, will launch a global streaming platform aimed at taking on established rivals including Netflix Inc and Disney Plus, beginning in Mexico and the United States.

Televisa, which will be the single largest shareholder in the new company, said it would contribute its content assets for a total value of $4.8 billion. ($1= 20.4200 pesos at end-March) (Reporting by Cassandra Garrison and Noe Torres Editing by Chris Reese and Grant McCool)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
GRUPO TELEVISA, S.A.B. -0.40% 39.61 End-of-day quote.20.98%
NETFLIX, INC. -3.31% 641.9 Delayed Quote.22.77%
All news about GRUPO TELEVISA, S.A.B.
11/01Investor Presentation WebsiteThird Quarter 2021
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10/29Grupo Televisa Announces Termination of Agreement with Market Maker (Formador de Mercad..
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10/29Grupo Televisa Announces Termination of Agreement with Market Maker (Formador de Mercad..
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10/28TRANCHE UPDATE ON GRUPO TELEVISA, S. : TLEVISA CPO)'s Equity Buyback Plan announced on Apr..
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10/26Televisa Reports Third Quarter 2021 Results - Form 6-K
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10/22GRUPO TELEVISA : Q3 Earnings Snapshot
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10/21GRUPO TELEVISA B : Third - Quarter 2021 Results
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10/21GRUPO TELEVISA B : Mexican soap-opera factory Televisa profit falls 77%, but ads rebound
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10/21Grupo Televisa, S.A.B. Reports Earnings Results for the Third Quarter and Nine Months E..
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10/04Latin American M&A booms to 10-year high of $105 billion so far this year
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Analyst Recommendations on GRUPO TELEVISA, S.A.B.
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Financials
Sales 2021 103 B 4 810 M 4 810 M
Net income 2021 6 094 M 284 M 284 M
Net Debt 2021 96 999 M 4 525 M 4 525 M
P/E ratio 2021 14,3x
Yield 2021 0,91%
Capitalization 111 B 5 163 M 5 166 M
EV / Sales 2021 2,01x
EV / Sales 2022 1,96x
Nbr of Employees 47 106
Free-Float 19,1%
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Technical analysis trends GRUPO TELEVISA, S.A.B.
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TrendsBearishBearishNeutral
Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 10
Last Close Price 39,61 MXN
Average target price 56,40 MXN
Spread / Average Target 42,4%
EPS Revisions
Managers and Directors
Bernardo Gómez Martínez Co-Chief Executive Officer, Director & EVP
Alfonso de Angoitia Noriega Co-Chief Executive Officer & Director
Carlos Phillips Chief Financial Officer
Emilio Fernando Azcárraga Jean Executive Chairman
José Antonio Lara del Olmo Vice President-Administration
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