Earnings ·
Grupo Televisa reports Q3 net income of Ps.882.7M and agrees to acquire AT&T Mexico for $2B
GRPFFGrupo Televisa, S.A.B.
Grupo Televisa reported third-quarter 2026 net income attributable to stockholders of Ps.882.7 million, a significant turnaround from the Ps.1,932.5 million loss in the prior-year period. Revenues declined 3.8% year-over-year to Ps.14,077.7 million, driven by a 20.5% drop in Satellite Services revenue, though Enterprise Services grew 6.8%. Operating segment income rose 5.6% to Ps.5,996.0 million with an improved margin of 42.6%. Separately, the company announced it reached an agreement with AT&T to acquire its Mexican wireless business for $2 billion through a joint venture with Fintech Holdings Inc., expected to close in Q1 2027. Grupo Televisa operates cable networks and satellite pay television services in Mexico.