Grupo Televisa Files April 2024 6-K Report

TL;DR

Televisa filed its monthly 6-K, confirming it's a foreign issuer using Form 20-F.

AI Summary

Grupo Televisa, S.A.B. filed a Form 6-K on April 30, 2024, to report its activities for the month of April 2024. The filing indicates that the company is a foreign issuer and will file its annual reports under Form 20-F. The company's principal executive offices are located in Mexico City, Mexico.

Why It Matters

This filing serves as an update for investors regarding Grupo Televisa's ongoing reporting obligations as a foreign issuer with the SEC.

Risk Assessment

Risk Level: low — This filing is a routine procedural update and does not contain new financial or operational information that would typically impact risk.

Key Players & Entities

• GRUPO TELEVISA, S.A.B. (company) — Filer of the 6-K report
• April 30, 2024 (date) — Filing date of the report
• Mexico City, Mexico (location) — Location of principal executive offices
• Form 20-F (document) — Annual report form used by the company

FAQ

Key Financial Figures

• $120.8 million — of 2024, we invested approximately U.S.$120.8 million (Ps.2,054.0 million) in property, plant
• $500 m — ng credit facility in the amount of U.S.$500 million, with loans thereunder to be fund
• $650 m — syndicate of banks in the amount of U.S.$650 million, with an original maturity in 202

Filing Documents

• ff3313088_6k-grupolong.htm (6-K) — 2578KB
• 0000895345-24-000143.txt ( ) — 2579KB

From the Filing

.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN ISSUER PURSUANT TO RULES 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of April, 2024 GRUPO TELEVISA, S.A.B. (Translation of registrant's name into English) Av. Vasco de Quiroga No. 2000, Colonia Santa Fe 01210 Mexico City, Mexico (Address of principal executive offices) (Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.) Form 20-F Form 40-F (Indicate by check mark whether the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1).) Yes No (Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7).) Yes No Quarterly Financial Information [105000] Management commentary 2 [110000] General information about financial statements 11 [210000] Statement of financial position, current/non-current 13 [310000] Statement of comprehensive income, profit or loss, by function of expense 15 [410000] Statement of comprehensive income, OCI components presented net of tax 16 [520000] Statement of cash flows, indirect method 18 [610000] Statement of changes in equity - Accumulated Current 20 [610000] Statement of changes in equity - Accumulated Previous 23 [700000] Informative data about the Statement of financial position 26 [700002] Informative data about the Income statement 27 [700003] Informative data - Income statement for 12 months 28 [800001] Breakdown of credits 29 [800003] Annex - Monetary foreign currency position 31 [800005] Annex - Distribution of income by product 32 [800007] Annex - Financial derivative instruments 33 [800100] Notes - Subclassifications of assets, liabilities and equities 39 [800200] Notes - Analysis of income and expense 43 [800500] Notes - List of notes 44 [800600] Notes - List of accounting policies 59 [813000] Notes - Interim financial reporting 73 Footnotes 89 1 of 89 [105000] Management commentary Management commentary Mexico City, April 25, 2024 — Grupo Televisa, S.A.B. (NYSE:TV; BMV: TLEVISA CPO; "Televisa" or "the Company"), today announced results for the first quarter of 2024. The results have been prepared in accordance with International Financial Reporting Standards ("IFRS"). Financials have been adjusted to reflect the impact of the spin-off of Ollamani S.A.B., which took place on January 31, 2024. Results from the Other Businesses segment's assets that were spun-off are presented as discontinued operations. The following table sets forth condensed consolidated statements of income for the quarters ended March 31, 2024 and 2023, in millions of Mexican pesos: 1Q'24 Margin 1Q'23 Margin Change % % % Revenues 15,951.4 100.0 16,753.3 100.0 (4.8) Operating segment income (1) 5,883.4 36.8 6,721.1 40.1 (12.5) (1) The operating segment income margin is calculated as a percentage of segment revenues. Revenues decreased by 4.8% to Ps.15,951.4 million in the first quarter of 2024, compared with Ps.16,753.3 million in the first quarter of 2023. This decline was driven mainly by the revenue decrease of 12.3% at Sky. Operating segment income fell by 12.5%, translating into a 36.8% margin. The following table sets forth condensed consolidated statements of income for the quarters ended March 31, 2024 and 2023, in millions of Mexican pesos: 1Q'24 Margin 1Q'23 Margin Change % % % Revenues 15,951.4 100.0 16,753.3 100.0 (4.8) Net income (loss) 951.7 6.0 (710.1) (4.2) n/a Net income (loss) attributable to stockholders of the Company 951.8 6.0 (788.9) (4.7) n/a Segment revenues 15,992.3 100.0 16,780.3 100.0 (4.7) Operating segment income (1) 5,883.4 36.8 6,721.1 40.1 (12.5) (1) The operating segment income margin is calculated as a percentage of segment revenues. Net income or loss attributable to stockholders of the Company changed by Ps.1,740.7 million, to a net income of Ps.951.8 million in the first quarter of 2024, from a net loss of Ps.788.9 million in the first quarter of 2023. This change reflected (i) a Ps.2,472.4 million favorable change in other income or expense, net; (ii) a Ps.1,021.3 million decrease in finance expense, net; (iii) a Ps.53.6 million increase in income from discontinued operations, net; and (iv) a Ps.78.9 million favorable change in net income or loss attributable to non-controlling interests. These favorable variances were partially offset by (i) a Ps.658.9 million decrease in operating income before other income or expense; (ii) a Ps.453.4 million unfavorable change in share of income or loss of associates and joint ventures, net; and (iii) a Ps.773.2 million unfavorable change in income tax benefit or expense. 2 of 89 Disclosure of nature of business Grupo Televisa S.A.B. ("Televisa") is a major telecomm

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