Grupo Televisa Files 6-K Report

TL;DR

Televisa filed its monthly 6-K, confirming it's a 20-F filer.

AI Summary

Grupo Televisa, S.A.B. filed a Form 6-K on July 30, 2024, for the month of July 2024. The filing is a report of a foreign issuer pursuant to rules 13a-16 or 15d-16 under the Securities Exchange Act of 1934. It indicates that the company files annual reports under Form 20-F.

Why It Matters

This filing provides routine updates for foreign issuers, ensuring compliance with US securities regulations and transparency for investors.

Risk Assessment

Risk Level: low — This is a routine filing for a foreign issuer and does not contain new financial results or significant corporate events.

Key Players & Entities

• GRUPO TELEVISA, S.A.B. (company) — Filer of the report
• 001-12610 (company) — SEC File Number
• 20240730 (date) — Filing date
• July 2024 (date) — Reporting period

FAQ

Key Financial Figures

• $102.1 million — of 2024, we invested approximately U.S.$102.1 million (Ps.1,761.5 million) in property, plant
• $500 million — n the amount in Pesos equivalent to U.S.$500 million; and (ii) terminated an unused revolvin
• $650 m — syndicate of banks in the amount of U.S.$650 million, with an original maturity in 202

Filing Documents

• ff3665987_6k-grupolong.htm (6-K) — 2989KB
• 0000895345-24-000314.txt ( ) — 2990KB

From the Filing

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 July, 2024 Commission File Number: 001-12610 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 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 24 [700000] Informative data about the Statement of financial position 28 [700002] Informative data about the Income statement 29 [700003] Informative data - Income statement for 12 months 30 [800001] Breakdown of credits 31 [800003] Annex - Monetary foreign currency position 33 [800005] Annex - Distribution of income by product 34 [800007] Annex - Financial derivative instruments 35 [800100] Notes - Subclassifications of assets, liabilities and equities 41 [800200] Notes - Analysis of income and expense 45 [800500] Notes - List of notes 46 [800600] Notes - List of accounting policies 60 [813000] Notes - Interim financial reporting 74 Footnotes 91 1 of 91 [105000] Management commentary Management commentary Mexico City, July 23, 2024 — Grupo Televisa, S.A.B. (NYSE:TV; BMV: TLEVISA CPO; "Televisa" or "the Company"), today announced results for the second quarter of 2024. The results have been prepared in accordance with International Financial Reporting Standards ("IFRS"). The financials statements 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 June 30, 2024 and 2023, in millions of Mexican pesos: 2Q'24 Margin 2Q'23 Margin Change % % % Revenues 15,720.3 100.0 16,693.7 100.0 (5.8) Operating segment income (1) 5,950.1 37.7 6,445.9 38.5 (7.7) (1) The operating segment income margin is calculated as a percentage of segment revenues. Revenues decreased by 5.8% to Ps.15,720.3 million in the second quarter of 2024, compared with Ps.16,693.7 million in the second quarter of 2023. This decline was driven mainly by the revenue decrease of 13.3% at Sky. Operating segment income fell by 7.7%, translating into a 37.7% margin. The following table sets forth condensed consolidated statements of income for the quarters ended June 30, 2024 and 2023, in millions of Mexican pesos: 2Q'24 Margin 2Q'23 Margin Change % % % Revenues 15,720.3 100.0 16,693.7 100.0 (5.8) Net (loss) income (78.0) (0.5) 172.5 1.0 n/a Net (loss) income attributable to stockholders of the Company (25.6) (0.2) 133.5 0.8 n/a Segment revenues 15,763.1 100.0 16,741.1 100.0 (5.8) Operating segment income (1) 5,950.1 37.7 6,445.9 38.5 (7.7) (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.159.1 million, to a net loss of Ps.25.6 million, in the second quarter of 2024, from a net income of Ps.133.5 million in the second quarter of 2023. This change reflected (i) a Ps.368.7 million decrease in operating income before other expense; (ii) a Ps.334.8 million increase in other expense, net; and (iii) a Ps.235.8 million decrease in income from discontinued operations, net. These unfavorable variances were partially offset by (i) a Ps.240.3 million decrease in finance expense, net; (ii) a Ps.313.5 million increase in share of income of associates and joint ventures, net; (iii) a Ps.135.0 million favorable change in income tax benefit or expense; and (iv) a Ps.91.4 million change in net income or loss attributable to non-controlling interests. 2 of 91 Disclosure of nature of business Grupo Televisa S.A.B. ("Televisa") is a major telecommunications corporation which owns and operates one of the most significant cable companies as well as a leading direct-to-home satellite pay television system in Mexico. Televisa's cable business offers integrated services, including video, high-speed data and voice to residential and commercial cu

View Full Filing

View this 6-K filing on SEC EDGAR