Grupo Televisa, S.A.B. Reports Earnings Results for the Third Quarter Ended September 30, 2020
October 22, 2020 at 09:04 pm EDT
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Grupo Televisa, S.A.B. Announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was MXN 23,943 million compared to MXN 25,786.1 million a year ago. Operating income was MXN 5,569.1 million compared to MXN 4,595.7 million a year ago. Net income was MXN 3,349.7 million compared to MXN 755.2 million a year ago. Basic earnings per share from continuing operations was MXN 1.17 compared to MXN 0.26 a year ago. For the nine months, sales was MXN 69,579 million compared to MXN 73,489 million a year ago. Operating income was MXN 11,688.9 million compared to MXN 12,176.1 million a year ago. Net loss was MXN 4,562.7 million compared to net income of MXN 2,216 million a year ago. Basic loss per share from continuing operations was MXN 1.61 compared to basic earnings per share from continuing operations of MXN 0.77 a year ago.
Grupo Televisa, S.A.B. is a media company, cable operator in Mexico and an operator of a direct-to-home (DTH) satellite pay television system in Mexico. The Company operates through four segments: Content, Sky, Cable and Other Businesses. The Content segment includes Advertising, Network Subscription, and Licensing and Syndication. The Sky segment includes DTH broadcast satellite pay television services in Mexico, Central America and the Dominican Republic. The Cable segment includes the operation of a cable multiple system in the Mexico City metropolitan area; the operation of telecommunication, and the operation of a cable multiple system. The Other Businesses segment includes its domestic operations in sports and show business promotion, soccer, feature film production and distribution, gaming, radio, publishing and publishing distribution. The Company distributes the content it produces through various broadcast channels in Mexico and in approximately 50 other countries.
GRUPO TELEVISA, S.A.B. 
