Televisa Reports Q3 2025 Results: Revenue Down 4.8%

TL;DR

Televisa's Q3 revenue dropped 4.8% YoY, OSI down 0.7%.

AI Summary

Grupo Televisa, S.A.B. reported its third quarter 2025 results, showing a 4.8% decline in revenue and a 0.7% decrease in Operating Segment Income (OSI) compared to the same period last year. The company filed this report on October 24, 2025.

Why It Matters

This report indicates a slowdown in Televisa's core business operations, which could impact investor confidence and future growth prospects.

Risk Assessment

Risk Level: medium — A decline in revenue and operating income suggests potential challenges in the company's business performance.

Key Numbers

• 4.8% — Revenue Decline (Year-over-year decrease in consolidated revenue for Q3 2025.)
• 0.7% — OSI Decline (Year-over-year decrease in Operating Segment Income (OSI) for Q3 2025.)

Key Players & Entities

• GRUPO TELEVISA, S.A.B. (company) — Filer of the report
• 20251024 (date) — Filing date
• Third Quarter 2025 (date) — Reporting period

FAQ

Key Financial Figures

• $196.1 million — of 2025, we invested approximately U.S.$196.1 million (Ps.3,656.6 million) in property, plant

Filing Documents

• form6k.htm (6-K) — 298KB
• image00001.jpg (GRAPHIC) — 2KB
• 0000895345-25-000338.txt ( ) — 303KB

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 October, 2025 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 Investor Relations PRESS RELEASE Televisa Reports Third Quarter 2025 Results Consolidated Revenue and Operating Segment Income ("OSI") declined by 4.8% and 0.7% respectively, translating into a 38.5% margin. OSI margin expanded by approximately 140 basis points, driven by ongoing efficiencies and synergies. Operating Cash Flow ("OCF") 1 margin of 13.7% came in as expected due to our full year capex deployment goal. Cable Passed 27.7 thousand homes with fiber-to-the-home ("FTTH"), reaching around 20 million homes passed with our network. Broadband subscribers of 5.6 million, with 21.6 thousand net adds as our customer satisfaction and retention strategies allowed us to keep reducing churn. Mobile subscribers of 557.6 thousand, with 94.0 thousand net adds driven by our innovative mobile virtual network operations ("MVNO") service relaunched in 4Q'24. Revenue remained flat as the increase in our Enterprise Operations offset the MSO Operations slight decline. On a sequential basis, revenue from our MSO Operations grew by 0.4%. Sky Total Revenue Generating Units ("RGUs") of 4.1 million, with 329.4 thousand disconnections. Revenue declined by 18.2%, driven by a decrease in the RGUs base of 23.9%. Earnings Call Date and Time: Friday, October 24, 2025, at 11:00 A.M. ET. Conference ID # is 7487837 From the U.S.: +1 (877) 883 0383 International callers: +1 (412) 902 6506 Rebroadcast: +1 (877) 344 7529 Rebroadcast: +1 (412) 317 0088 The teleconference will be rebroadcast starting at 12:00 P.M. ET with the access code #1575564 on October 24 th and will end at midnight on November 7 th . 1 OCF is defined as total OSI minus capital expenditures in property, plant and equipment. A reconciliation of total OSI to consolidated operating income, and the amount of capital expenditures in property, plant and equipment, are presented in the Notes of Segment Information, and Property, Plant and Equipment, respectively, to our Interim Unaudited Condensed Consolidated Financial Consolidated Results Mexico City, October 23, 2025 — Grupo Televisa, S.A.B. (NYSE:TV; BMV: TLEVISA CPO; "Televisa" or "the Company"), today announced results for the third quarter of 2025. The results have been prepared in accordance with International Financial Reporting Standards ("IFRS Accounting Standards"). The following table sets forth condensed consolidated statements of income for the quarters ended September 30, 2025, and 2024, in millions of Mexican pesos: 3Q'25 Margin 3Q'24 Margin Change % % % Revenues 14,627.0 100.0 15,362.8 100.0 (4.8) Operating segment income (1) 5,677.1 38.5 5,717.1 37.1 (0.7) (1) The operating segment income margin is calculated as a percentage of segment revenues. Revenues decreased by 4.8% to Ps.14,627.0 million in the third quarter of 2025, compared with Ps.15,362.8 million in the third quarter of 2024. This decrease was mainly due to the revenue decline in the Sky segment. Operating segment income decreased by 0.7%, translating into a 38.5% margin. The following table sets forth condensed consolidated statements of income for the quarters ended September 30, 2025, and 2024, in millions of Mexican pesos: 3Q'25 Margin % 3Q'24 Margin % Change % Revenues 14,627.0 100.0 15,362.8 100.0 (4.8) Net (loss) income (1,911.7) (13.1) 670.5 4.4 n/a Net (loss) income attributable to stockholders of the Company (1,932.5) (13.2) 666.5 4.3 n/a Segment revenues 14,730.8 100.0 15,406.5 100.0 (4.4) Operating segment income (1) 5,677.1 38.5 5,717.1 37.1 (0.7) (1) The operating segment income margin is calculated as a percentage of segment revenues. Net income before income taxes increased by Ps.254.9 million, or 30.3%, to Ps.1,096.4 million in the third quarter of 2025, compared to Ps.841.5 million in the third quarter of 2024. Net income or loss attributable to stockholders of the Company changed by Ps.2,599.0 million, to a net loss of Ps.1,932.5 million in the third quarter of 2025, compared with a net income of Ps.666.5 million in the third quarter of 2024. This unfavorable change reflected primarily a Ps.2,837.1 million increase in income taxes, which included a non-cash write-off of a deferred income tax asset for the amount of Ps.2,658.2 million derived from capital tax losses that are expected to remain unused at their maturity at consolidated level, although a significant port

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