Tv Azteca, S.A.B. De C.V. Reports Earnings Results for the Third Quarter Ended September 30, 2020
October 28, 2020 at 05:29 am EDT
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TV Azteca, S.A.B. De C.V. Announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was MXN 2,494.404 million compared to MXN 2,913.264 million a year ago. Operating income was MXN 89.497 million compared to MXN 200.596 million a year ago. Net loss was MXN 77.291 million compared to net income of MXN 193.517 million a year ago. Basic loss per share was MXN 0.1 compared to basic earnings per share of MXN 0.2 a year ago. Basic loss per share from continuing operations was MXN 0.1 compared to basic earnings per share from continuing operations of MXN 0.1 a year ago. For the nine months, sales was MXN 6,813.055 million compared to MXN 8,732.332 million a year ago. Operating loss was MXN 622.822 million compared to operating Income of MXN 567.466 million a year ago. Net loss was MXN 3,561.424 million compared to MXN 81.612 million a year ago. Basic loss per share was MXN 0.1 compared to MXN 0.2 a year ago. Basic loss per share from continuing operations was MXN 0.1 compared to MXN 0.1 a year ago.
TV Azteca SAB de CV (TV Azteca) is a Mexico-based company engaged in the production, broadcasting, marketing of free-to-air television shows and selling advertising spots. The Company operates four national networks through around 460 digital transmitters throughout Mexico that air diverse programming genres, such as live entertainment, reality, sports, musical, variety and talent shows, series and newscasts in Spanish. The Company owns one Mexican first-division soccer team, and the TV Azteca Digital platform. In addition, it operates a fiber optic network in Peru. Some of its content is aired in the United States, Canada, Latin America, and Europe through broadcast or pay TV systems, and it also has been exported to more than 100 countries. TV Azteca has strategic alliances with different content providers for the broadcasting of TV shows and movies.
TV AZTECA, S.A.B. DE C.V. 
