Grupo Televisa Files 6-K Report

TL;DR

Televisa filed its monthly 6-K, investors check for financial updates.

AI Summary

Grupo Televisa, S.A.B. filed a Form 6-K on October 30, 2024, reporting on its activities for the month of October 2024. The filing indicates that the company is subject to reporting requirements under the 1934 Securities Exchange Act and will file annual reports under Form 20-F. The document includes sections on financial statements and general company information.

Why It Matters

This filing provides an update on Grupo Televisa's regulatory disclosures, which is important for investors tracking the company's compliance and financial reporting.

Risk Assessment

Risk Level: low — This is a routine regulatory filing and does not appear to contain significant new financial or operational information that would immediately impact risk.

Key Players & Entities

• GRUPO TELEVISA, S.A.B. (company) — Filer
• 001-12610 (company) — SEC File Number
• 20241030 (date) — Filing Date
• October 2024 (date) — Reporting Period

FAQ

Key Financial Figures

• $128.1 million — of 2024, we invested approximately U.S.$128.1 million (Ps.2,426.6 million) in property, plant

Filing Documents

• ff4037592_6kgrupo-long.htm (6-K) — 2778KB
• 0000895345-24-000493.txt ( ) — 2779KB

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 October, 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 10 [210000] Statement of financial position, current/non-current 12 [310000] Statement of comprehensive income, profit or loss, by function of expense 14 [410000] Statement of comprehensive income, OCI components presented net of tax 15 [520000] Statement of cash flows, indirect method 17 [610000] Statement of changes in equity - Accumulated Current 19 [610000] Statement of changes in equity - Accumulated Previous 22 [700000] Informative data about the Statement of financial position 25 [700002] Informative data about the Income statement 26 [700003] Informative data - Income statement for 12 months 27 [800001] Breakdown of credits 28 [800003] Annex - Monetary foreign currency position 30 [800005] Annex - Distribution of income by product 31 [800007] Annex - Financial derivative instruments 32 [800100] Notes - Subclassifications of assets, liabilities and equities 38 [800200] Notes - Analysis of income and expense 42 [800500] Notes - List of notes 43 [800600] Notes - List of accounting policies 57 [813000] Notes - Interim financial reporting 71 Footnotes 88 1 of 88 [105000] Management commentary Management commentary Mexico City, October 24, 2024 — Grupo Televisa, S.A.B. (NYSE:TV; BMV: TLEVISA CPO; "Televisa" or "the Company"), today announced that its Board of Directors (the "Board") approved a proposal of Mr. Emilio Azcrraga Jean, Executive Chairman of the Board, to take an administrative leave, effective immediately, pending resolution of the investigation by the Department of Justice into certain FIFA-related activity, as previously announced on August 30, 2024. The Company is continuing to cooperate with the investigation. In addition, the Company announced results for the third 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 the Company for the incorporation 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 September 30, 2024 and 2023, in millions of Mexican pesos: 3Q'24 Margin 3Q'23 Margin Change % % % Revenues 15,362.8 100.0 16,416.0 100.0 (6.4) Operating segment income (1) 5,717.1 37.1 5,998.4 36.5 (4.7) (1) The operating segment income margin is calculated as a percentage of segment revenues. Revenues decreased by 6.4% to Ps.15,362.8 million in the third quarter of 2024, compared with Ps.16,416.0 million in the third quarter of 2023. This decline was driven mainly by the revenue decrease of 13.2% at Sky. Operating segment income fell by 4.7%, translating into a 37.1% margin. The following table sets forth condensed consolidated statements of income for the quarters ended September 30, 2024 and 2023, in millions of Mexican pesos: 3Q'24 Margin % 3Q'23 Margin % Change % Revenues 15,362.8 100.0 16,416.0 100.0 (6.4) Net income (loss) 670.5 4.4 (1,051.6 ) (6.4 ) n/a Net income (loss) attributable to stockholders of the Company 666.5 4.3 (918.5 ) (5.6 ) n/a Segment revenues 15,406.5 100.0 16,444.3 100.0 (6.3) Operating segment income (1) 5,717.1 37.1 5,998.4 36.5 (4.7) (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.1,585.0 million, to a net income of Ps.666.5 million, in the third quarter of 2024, from a net loss of Ps.918.5 million in the third quarter of 2023. This favorable change reflected (i) a Ps.339.0 million increase in operating income before other expense; (ii) a Ps.407.3 million decrease in other expense, net; (iii) a Ps.1,147.3 million increase in share of income of associates and joint ventures, net; and (iv) a Ps.698.0 million decrease in income taxes. These favorable variances were partially offset by (i) a Ps.614.9 million increase in finance expense, net; (ii) a Ps.254.6 million decrease in income from discontinued operations; and (iii)

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View this 6-K filing on SEC EDGAR