|
|
5-day change | 1st Jan Change | |
17.17 MXN |
+2.57% |
+4.31% |
-3.10% |
Televisa Experiences Second Quarter 2023 Outcomes
Consolidated
• |
Income and Working Section Revenue (“OSI”) declined by 0.1% and three.3%, respectively, translating right into a 36.5% margin. |
Cable
• |
Efficiently handed 408 thousand houses with fiber-to-the-home (“FTTH”) through the quarter, reaching greater than 19.4 million houses handed with our community. |
• |
Complete Income Producing Models (“RGUs”) of greater than 16.2 million, with over 5 thousand net-disconnections. |
• |
Income elevated 4.6% and OSI declined 2.2%, representing a 39.4% margin. |
• |
MSO income grew by 4.3% and OSI fell 1.4%, translating right into a 40.5% margin. |
Sky
• |
Complete RGUs of roughly 6.5 million, with 191 thousand net-disconnections. |
• |
Income and OSI fell 13.4% and 14.9%, respectively, for a 32.6% margin. |
Different Companies
• |
Sturdy income and OSI development of 10.0% and 33.9%, respectively, for a 27.3% margin. |
Earnings Name Date and Time: Wednesday, July 26, 2023, at 11:00 A.M. ET.
Convention ID # is 5823442
From the U.S.: +1 (877) 883 0383 |
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Rebroadcast: +1 (877) 344 7529 |
Rebroadcast: +1 (412) 317 0088 |
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on July 26th and can finish at midnight on August 9th.
Consolidated Outcomes
Mexico Metropolis, July 25, 2023 – Grupo Televisa, S.A.B. (NYSE:TV; BMV: TLEVISA CPO; “Televisa” or “the Firm”), right now introduced outcomes for the second quarter of 2023. The outcomes have been ready in accordance with Worldwide Monetary Reporting Requirements (“IFRS”).
Financials replicate the affect of the transaction with TelevisaUnivision, Inc. (“TelevisaUnivision”) which was closed on January 31, 2022. Outcomes from the content material belongings included within the transaction are introduced as discontinued operations for the three and 6 months ended June 30, 2022.
The next desk units forth condensed consolidated statements of revenue for the quarters ended June 30, 2023 and 2022, in hundreds of thousands of Mexican pesos:
2Q’23 |
Margin |
2Q’22 |
Margin |
Change |
|
% |
% |
% |
|||
Revenues |
18,520.2 |
100.0 |
18,533.5 |
100.0 |
(0.1) |
Working phase revenue(1) |
6,814.0 |
36.5 |
7,045.7 |
37.8 |
(3.3) |
(1) The working phase revenue margin is calculated as a proportion of phase revenues.
Revenues decreased by 0.1% to Ps.18,520.2 million within the second quarter of 2023 in contrast with Ps.18,533.5 million within the second quarter of 2022. This decline was pushed primarily by the income lower of 13.4% at Sky, nearly totally offset by income development within the Cable and Different Companies segments. Working phase revenue fell by 3.3%, translating right into a 36.5% margin.
The next desk units forth condensed consolidated statements of revenue for the quarters ended June 30, 2023 and 2022, in hundreds of thousands of Mexican pesos:
2Q’23 |
Margin |
2Q’22 |
Margin |
Change |
|
% |
% |
% |
|||
Revenues |
18,520.2 |
100.0 |
18,533.5 |
100.0 |
(0.1) |
Internet revenue |
172.5 |
0.9 |
3,289.4 |
17.7 |
n/a |
Internet revenue attributable to stockholders of the Firm |
133.5 |
0.7 |
3,140.4 |
16.9 |
n/a |
Section revenues |
18,658.6 |
100.0 |
18,632.8 |
100.0 |
0.1 |
Working phase revenue (1) |
6,814.0 |
36.5 |
7,045.7 |
37.8 |
(3.3) |
(1) The working phase revenue margin is calculated as a proportion of phase revenues.
Internet revenue attributable to stockholders of the Firm amounted to Ps.133.5 million within the second quarter of 2023, in contrast with Ps.3,140.4 million within the second quarter of 2022. The lower of Ps.3,006.9 million mirrored (i) a Ps.419.2 million lower in working revenue earlier than different expense, internet; (ii) a Ps.140.3 million improve in different expense, internet; (iii) a Ps.4,193.7 million lower in share of revenue of associates and joint ventures, internet; and (iv) a Ps.98.9 million lower in revenue from discontinued operations.
These unfavorable variances had been partially offset by (i) a Ps.317.4 million lower in finance expense, internet; (ii) a Ps.1,417.8 million lower in revenue taxes; and (iii) a Ps.110.0 million lower in internet revenue attributable to non-controlling pursuits.
2
Second quarter Outcomes by Enterprise Section
The next desk presents second-quarter consolidated outcomes ended June 30, 2023 and 2022, for every of our enterprise segments. Consolidated outcomes for the second quarter of 2023 and 2022 are introduced in hundreds of thousands of Mexican pesos.
Revenues |
2Q’23 |
% |
2Q’22 |
% |
Change % |
Cable |
12,291.5 |
65.9 |
11,750.0 |
63.1 |
4.6 |
Sky |
4,449.5 |
23.8 |
5,140.1 |
27.6 |
(13.4) |
Different Companies |
1,917.6 |
10.3 |
1,742.7 |
9.3 |
10.0 |
Section Revenues |
18,658.6 |
100.0 |
18,632.8 |
100.0 |
0.1 |
Intersegment Operations (1) |
(138.4) |
(99.3) |
|||
Revenues |
18,520.2 |
18,533.5 |
(0.1) |
Working Section Revenue (2) |
2Q’23 |
Margin % |
2Q’22 |
Margin % |
Change % |
Cable |
4,841.4 |
39.4 |
4,951.8 |
42.1 |
(2.2) |
Sky |
1,448.4 |
32.6 |
1,702.3 |
33.1 |
(14.9) |
Different Companies |
524.2 |
27.3 |
391.6 |
22.5 |
33.9 |
Working Section Revenue |
6,814.0 |
36.5 |
7,045.7 |
37.8 |
(3.3) |
Company Bills |
(238.3) |
(1.3) |
(285.2) |
(1.5) |
16.4 |
Depreciation and Amortization |
(5,354.7) |
(28.9) |
(5,167.5) |
(27.9) |
(3.6) |
Different expense, internet |
(181.2) |
(1.0) |
(40.9) |
(0.2) |
n/a |
Intersegment Operations (1) |
(47.6) |
(0.3) |
(0.4) |
(0.0) |
n/a |
Working Revenue |
992.2 |
5.4 |
1,551.7 |
8.4 |
(36.1) |
(1) For phase reporting functions, intersegment operations are included in every of the phase operations. (2) Working phase revenue is outlined as working revenue earlier than depreciation and amortization, company bills, and different expense, internet. |
3
Cable
In the course of the quarter we misplaced 5.4 thousand RGUs as a consequence of elevated churn, which was impacted by the expiration of sure promotions from 2022, and the worth will increase applied within the month of April. Broadband internet disconnections had been 37.8 thousand, whereas video RGUs fell by 46.2 thousand. Then again, we added round 57.5 thousand voice RGUs and had roughly 21.1 thousand cell net-additions, ending the quarter with near 285.4 thousand cell subscribers.
The next desk units forth the breakdown of RGUs per service kind for our Cable phase as of June 30, 2023 and 2022.
RGUs |
2Q’23 Internet Provides |
2Q’23 |
2Q’22 |
Video |
(46,190) |
4,442,900 |
4,334,648 |
Broadband |
(37,763) |
6,031,099 |
5,809,590 |
Voice |
57,474 |
5,466,034 |
4,911,727 |
Cell |
21,085 |
285,398 |
194,354 |
Complete RGUs |
(5,394) |
16,225,431 |
15,250,319 |
Second quarter revenues elevated by 4.6% to Ps.12,291.5 million in contrast with Ps.11,750.0 million within the second quarter of 2022 pushed by the RGUs internet additions over the past twelve months and the worth will increase applied within the month of April.
Second quarter working phase revenue decreased by 2.2% to Ps.4,841.4 million in contrast with Ps.4,951.8 million within the second quarter of 2022. The margin reached 39.4%. In the course of the quarter, working phase revenue at our MSO Operations fell by 1.4% year-on-year whereas working phase revenue at our Enterprise Operations declined by 27.3%.
The next tables set forth the breakdown of income and working phase revenue, excluding consolidation changes, for our MSO and enterprise operations for the second quarter of 2023 and 2022.
MSO Operations(1) Hundreds of thousands of Mexican pesos |
2Q’23 |
2Q’22 |
Change % |
Income |
11,438.8 |
10,965.6 |
4.3 |
Working Section Revenue |
4,630.3 |
4,697.7 |
(1.4) |
Margin (%) |
40.5 |
42.8 |
Enterprise Operations (1) Hundreds of thousands of Mexican pesos |
2Q’23 |
2Q’22 |
Change % |
Income |
1,394.0 |
1,515.2 |
(8.0) |
Working Section Revenue |
357.8 |
492.3 |
(27.3) |
Margin (%) |
25.7 |
32.5 |
|
(1) These outcomes don’t embody consolidation changes of Ps.541.3 million in income nor Ps146.7 million in Working Section Revenue for the second quarter of 2023, neither the consolidation changes of Ps.730.8 million in income nor Ps.238.2 million in Working Section Revenue for the second quarter of 2022. Consolidation changes are thought-about within the consolidated outcomes of the Cable phase. |
Second quarter revenues in our MSO operations elevated by 4.3% primarily pushed by the greater than 975 thousand RGUs internet additions over the past twelve months and the worth will increase applied within the month of April. Working phase revenue decreased by 1.4%, whereas profitability at our MSO Operations declined by roughly 230 foundation factors year-on-year at a 40.5% margin as inflationary pressures weren’t totally offset by the worth will increase.
4
Second quarter revenues and working phase revenue in our Enterprise Operations declined by 8.0% and 27.3% respectively. Our Enterprise Operations had been negatively impacted by a stronger Mexican peso, contemplating that round one third of its revenues are denominated in US {dollars}. Our profitability declined by roughly 680 foundation factors year-on-year as a result of decrease income and since most working prices and bills at our Enterprise Operations are denominated in Mexican pesos.
Sky
In the course of the quarter, Sky had 191.0 thousand RGUs disconnections, primarily pushed by the lack of 164.1 thousand video RGUs.
The next desk units forth the breakdown of RGUs per service kind for Sky as of June 30, 2023 and 2022.
RGUs |
2Q’23 Internet Provides |
2Q’23 |
2Q’22 |
Video |
(164,094) |
5,909,228 |
7,019,369 |
Broadband |
(32,860) |
575,262 |
692,767 |
Voice |
(29) |
398 |
531 |
Cell |
6,014 |
22,395 |
22,331 |
Complete RGUs |
(190,969) |
6,507,283 |
7,734,998 |
Second quarter revenues decreased by 13.4% to Ps.4,449.5 million in contrast with Ps.5,140.1 million within the second quarter of 2022, primarily defined by the year-on-year decline in RGUs.
Second quarter working phase revenue fell by 14.9% to Ps.1,448.4 million in contrast with Ps.1,702.3 million within the second quarter of 2022, primarily pushed by the decrease income. The margin was 32.6%.
Different Companies
Second quarter revenuesincreased by 10.0% to Ps.1,917.6 million in contrast with Ps.1,742.7 million within the second quarter of 2022.
Second quarter working phase revenue elevated by 33.9% to Ps.524.2 million in contrast with Ps.391.6 million within the second quarter of 2022, reaching a 27.3% margin.
Company Expense
Company expense decreased by Ps.46.9 million, or 16.4%, to Ps.238.3 million within the second quarter of 2023, from Ps.285.2 million within the second quarter of 2022. The lower mirrored primarily a decrease company and share-based compensation expense, which was partially offset by a better worker profit-sharing expense.
Share-based compensation expense within the second quarter of 2023 and 2022 amounted to Ps.164.7 million and Ps.250.0 million, respectively, and was accounted for as company expense. Share-based compensation expense is measured at honest worth on the time the fairness advantages are conditionally bought to officers and staff and is acknowledged over the vesting interval.
Different Expense, Internet
Different expense, internet, elevated by Ps.140.3 million, to Ps.181.2 million within the second quarter of 2023, from Ps.40.9 million within the second quarter of 2022.
This improve mirrored primarily (i) a rise in non-recurrent severance expense in reference to headcount reductions in our Cable and Sky segments; (ii) the absence within the second quarter of 2023 of different revenue derived from an insurance coverage reimbursement within the second quarter of 2022, in reference to bills paid for authorized advisory skilled providers; and (iii) the absence within the second quarter of 2023 of different revenue derived from a purchase order worth adjustment paid to us within the second quarter of 2022, in reference to the disposition of our former 40% fairness stake in OCESA Entretenimiento, S.A. de C.V. in 2021.
These unfavorable variances had been partially offset by (i) a lower in expense for authorized and finance advisory skilled providers; and (ii) a lower in loss on disposition of belongings.
Different expense, internet, for the second quarter of 2023 is comprised primarily of (i) non-recurrent severance expense in reference to headcount reductions; and (ii) expense for authorized and finance advisory skilled providers.
The next desk units forth the breakdown of money and non-cash different (expense) revenue, internet, said in hundreds of thousands of Mexican pesos, for the three months ended June 30, 2023 and 2022.
Different (Expense) Revenue, Internet |
2Q’23 |
2Q’22 |
Money |
(185.9) |
94.8 |
Non-cash |
4.7 |
(135.7) |
Complete |
(181.2) |
(40.9) |
Finance Expense, Internet
The next desk units forth the finance (expense) revenue, internet, said in hundreds of thousands of Mexican pesos for the quarters ended June 30, 2023 and 2022.
2Q’23 |
2Q’22 |
Favorable (Unfavorable) change |
|
Curiosity expense |
(2,023.1) |
(2,214.9) |
191.8 |
Curiosity revenue |
889.3 |
529.3 |
360.0 |
International trade acquire, internet |
429.0 |
552.2 |
(123.2) |
Different finance (expense) revenue, internet |
(46.7) |
64.5 |
(111.2) |
Finance expense, internet |
(751.5) |
(1,068.9) |
317.4 |
Finance expense, internet, decreased by Ps.317.4 million, or 29.7%, to a Ps.751.5 million within the second quarter of 2023, from Ps.1,068.9 million within the second quarter of 2022.
This lower mirrored:
(i) |
a Ps.360.0 million improve in curiosity revenue defined primarily by greater rates of interest within the second quarter of 2023, which impact was partially offset by a decrease common amount of money equivalents within the second quarter of 2023; and |
6
(ii) |
a Ps.191.8 million lower in curiosity expense, primarily in reference to a decrease common principal quantity of debt within the second quarter of 2023, in addition to the absence within the second quarter of 2023 of finance expense associated to prepayment of long-term debt. |
These favorable variances had been partially offset by (i) a Ps.123.2 million lower in international trade acquire, internet, ensuing primarily from a 4.9% appreciation of the Mexican peso towards the U.S. greenback and a lower in our U.S. greenback internet asset place within the second quarter of 2023, in contrast with a 1.5% depreciation of the Mexican peso towards the U.S. greenback on a median U.S. greenback internet asset place within the second quarter of 2022; and (ii) a Ps.111.2 million unfavorable change in different finance revenue or expense, internet, ensuing from a loss in honest worth of our by-product contracts within the second quarter of 2023.
Share of Revenue of Associates and Joint Ventures, Internet
Share of revenue of associates and joint ventures, internet, decreased by Ps.4,193.7 million, to Ps.24.9 million within the second quarter of 2023, from Ps.4,218.6 million within the second quarter of 2022. This lower mirrored primarily a decrease share of revenue of TelevisaUnivision, ensuing primarily from (i) the absence within the second quarter of 2023 of a dilution acquire acknowledged by us within the second quarter of 2022, in reference to the conversion of most well-liked shares into frequent shares by a stockholder of TelevisaUnivision; (ii) the absence within the second quarter of 2023 of a acquire on reversal of a remaining impairment loss acknowledged by us within the second quarter of 2022, in reference to our funding in frequent shares of TelevisaUnivision; and (iii) a decrease internet revenue of TelevisaUnivision within the first half of 2023.
Share of revenue of associates and joint ventures, internet, for the second quarter of 2023, included primarily our share of revenue of TelevisaUnivision.
Revenue Taxes
Revenue taxes decreased by Ps.1,417.8 million, to Ps.93.1 million within the second quarter of 2023, from Ps.1,510.9 million within the second quarter of 2022. This lower mirrored primarily a decrease revenue tax base within the second quarter of 2023, which was partially offset by a better efficient revenue tax fee.
Internet Revenue Attributable to Non-controlling Pursuits
Internet revenue attributable to non-controlling pursuits decreased by Ps.110.0 million, or 73.8%, to Ps.39.0 million within the second quarter of 2023, in contrast with Ps.149.0 million within the second quarter of 2022. This lower mirrored primarily a decrease portion of internet revenue attributable to non-controlling pursuits in our Cable and Sky segments.
Internet revenue attributable to non-controlling pursuits for the second quarter of 2022, included primarily internet revenue attributable to non-controlling pursuits in our Cable and Sky segments.
7
Capital Expenditures
In the course of the second quarter of 2023, we invested roughly U.S.$204.2 million in property, plant and tools as capital expenditures.
The next desk units forth the breakdown by phase of capital expenditures for the second quarter of 2023 and 2022, in hundreds of thousands of U.S. {dollars}.
Capital Expenditures (Hundreds of thousands of U.S. {Dollars}) |
2Q’23 |
2Q’22 |
Cable |
152.3 |
183.9 |
Sky |
40.6 |
54.9 |
Different Companies |
11.3 |
0.1 |
Complete |
204.2 |
238.9 |
Debt and Lease Liabilities
The next desk units forth our complete consolidated debt and lease liabilities as of June 30, 2023 and December 31, 2022. Quantities are said in hundreds of thousands of Mexican pesos.
June 30, 2023 |
December 31, 2022 |
Improve (Lower) |
|
Present portion of long-term debt |
9,977.6 |
1,000.0 |
8,977.6 |
Lengthy-term debt, internet of present portion |
85,442.4 |
104,240.7 |
(18,798.3) |
Complete debt (1) |
95,420.0 |
105,240.7 |
(9,820.7) |
Present portion of long-term lease liabilities |
1,289.5 |
1,373.2 |
(83.7) |
Lengthy-term lease liabilities, internet of present portion |
6,440.9 |
6,995.8 |
(554.9) |
Complete lease liabilities |
7,730.4 |
8,369.0 |
(638.6) |
Complete debt and lease liabilities |
103,150.4 |
113,609.7 |
(10,459.3) |
(1) As of June 30, 2023 and December 31, 2022, complete debt is introduced internet of finance prices within the quantity of Ps.950.1 million and Ps.994.7 million, respectively. |
As of June 30, 2023, our consolidated internet debt place (complete debt and lease liabilities, much less money and money equivalents, and non-current investments in monetary devices) was Ps.61,584.2 million. As of June 30, 2023, the non-current investments in monetary devices amounted to an mixture of Ps.2,662.9 million.
Dividend
In April 2023, our stockholders permitted the cost of a dividend of Ps.0.35 per CPO and Ps.0.002991452991 per share of Collection “A,” “B,” “D,” and “L” Shares, not within the type of a CPO, which was paid in money in Could 2023 within the mixture quantity of Ps.1,027.4 million.
8
Shares Excellent
As of June 30, 2023 and December 31, 2022, our shares excellent amounted to 327,749.8 million and 330,739.7 million shares, respectively, and our CPO equivalents excellent amounted to 2,801.3 million and a couple of,826.8 million CPO equivalents, respectively. Not all of our shares are within the type of CPOs. The variety of CPO equivalents is calculated by dividing the variety of shares excellent by 117.
As of June 30, 2023 and December 31, 2022, the GDS (International Depositary Shares) equivalents excellent amounted to 560.3 million and 565.4 million GDS equivalents, respectively. The variety of GDS equivalents is calculated by dividing the variety of CPO equivalents by 5.
Sustainability
In the course of the second quarter of 2023, Grupo Televisa maintained its “A” ranking with MSCI, crucial ranking company for funding funds. We printed our 2022 Sustainability Report “We Empower Connections”, detailing our firm’s built-in technique centered on creating local weather resilient connections, digital inclusion, empowering folks and main by instance. We current the worth creation course of connecting it with our new goal, mission, and imaginative and prescient, and with our contribution to the Sustainable Growth Objectives (SDGs). As well as, we embody a brand new materiality evaluation that was ready for the primary time with the double materiality method.
COVID-19 Impression
The COVID-19 pandemic has had a unfavourable impact on our enterprise, monetary place, and outcomes of operations.
A rise in an infection charges, the impact of latest COVID-19 variants, or the emergence of a brand new pandemic, may set off a renewal of governmental restrictions on non-essential actions, together with however not restricted to non permanent shutdowns or extra pointers, which may very well be costly or burdensome to implement, and will have an effect on our operations.
Because of the evolving and unsure nature of a pandemic comparable to COVID-19, we aren’t capable of estimate the total extent of the affect that an occasion of this nature might have in our enterprise, monetary place, and outcomes of operations over the close to, medium or long-term.
Further Info Obtainable on Web site
The knowledge on this press launch ought to be learn along with the monetary statements and footnotes contained within the Firm’s Annual Report and on Kind 20-F for the yr ended December 31, 2022, which is posted on the “Experiences and Filings” part of our investor relations web site at televisair.com
As well as, TelevisaUnivision and/or its subsidiaries publish annual and quarterly monetary statements and monetary info as properly different necessary info regarding its enterprise now and again on its web site and elsewhere. The Firm isn’t answerable for such TelevisaUnivsion info in any method, and such info isn’t meant to be included as a part of, or integrated by reference into, the Firm’s public filings or releases.
9
About Televisa
Grupo Televisa S.A.B. (“Televisa”) is a serious telecommunications company which owns and operates some of the vital cable firms in addition to a number one direct-to-home satellite tv for pc pay tv system in Mexico. Televisa’s cable enterprise affords built-in providers, together with video, high-speed information and voice to residential and business clients in addition to managed providers to home and worldwide carriers. Televisa owns a majority curiosity in Sky, a number one direct-to-home satellite tv for pc pay tv system and broadband supplier in Mexico, working additionally within the Dominican Republic and Central America. Televisa holds numerous concessions by the Mexican authorities that authorizes it to broadcast programming over tv stations for the alerts of TelevisaUnivision, Inc. (“TelevisaUnivision”), and Televisa’s cable and DTH techniques. As well as, Televisa is the most important shareholder of TelevisaUnivision, a number one media firm producing, creating, and distributing Spanish-speaking content material by way of a number of broadcast channels in Mexico, the US and over 50 international locations by way of tv networks, cable operators and over-the-top or “OTT” providers. Televisa additionally has pursuits in journal publishing and distribution, skilled sports activities and dwell leisure, and gaming.
Disclaimer
This press launch comprises forward-looking statements relating to the Firm’s outcomes and prospects. Precise outcomes may differ materially from these statements. The forward-looking statements on this press launch ought to be learn along with the components described in “Merchandise 3. Key Info – Ahead-Trying Statements” within the Firm’s Annual Report on Kind 20-F, which, amongst others, may trigger precise outcomes to vary materially from these contained in forward-looking statements made on this press launch and in oral statements made by licensed officers of the Firm. Readers are cautioned to not place undue reliance on these forward-looking statements, which communicate solely as of their dates. The Firm undertakes no obligation to publicly replace or revise any forward-looking statements, whether or not on account of new info, future occasions or in any other case.
Contact Info
Investor Relations
www.televisair.com.mx
Tel: (52 55) 5261 2445
Rodrigo Villanueva, VP, Head of Investor Relations / [email protected]
Andrés Audiffred, Investor Relations Director / [email protected]
Media Relations
Rubén Acosta / Tel: (52 55) 5224 6420 / [email protected]
Alejandra Garcia / Tel: (52 55) 4438 1205 / [email protected]
10
GRUPO TELEVISA, S.A.B.
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
AS OF JUNE 30, 2023 AND DECEMBER 31, 2022
(Hundreds of thousands of Mexican Pesos)
June 30, |
December 31, |
||||||
2023 |
2022 |
||||||
ASSETS |
(Unaudited) |
(Audited) |
|||||
Present belongings: |
|||||||
Money and money equivalents |
Ps. |
38,903.3 |
Ps. |
51,131.0 |
|||
Commerce notes and accounts receivable, internet |
8,629.3 |
8,457.3 |
|||||
Different accounts and notes receivable, internet |
396.1 |
315.0 |
|||||
Revenue taxes receivable |
6,369.2 |
6,691.4 |
|||||
Different receivable taxes |
6,791.6 |
6,593.7 |
|||||
Spinoff monetary devices |
– |
11.2 |
|||||
Due from associated events |
761.2 |
311.2 |
|||||
Transmission rights and programming |
668.0 |
888.3 |
|||||
Inventories |
1,369.2 |
1,448.3 |
|||||
Contract prices |
1,957.0 |
1,918.3 |
|||||
Reimbursement receivable |
– |
1,431.5 |
|||||
Different present belongings |
3,103.5 |
2,379.6 |
|||||
Complete present belongings |
68,948.4 |
81,576.8 |
|||||
Non-current belongings: |
|||||||
Commerce notes and accounts receivable, internet of present portion |
591.0 |
438.4 |
|||||
Due from associated occasion |
6,706.4 |
6,365.0 |
|||||
Spinoff monetary devices |
434.7 |
532.3 |
|||||
Transmission rights and programming |
1,570.1 |
1,022.8 |
|||||
Investments in monetary devices |
2,662.9 |
3,389.5 |
|||||
Investments in associates and joint ventures |
48,380.5 |
50,450.9 |
|||||
Property, plant and tools, internet |
80,732.3 |
82,236.4 |
|||||
Funding property, internet |
2,831.8 |
2,873.2 |
|||||
Proper-of-use belongings, internet |
6,403.0 |
6,670.3 |
|||||
Intangible belongings, internet |
40,752.5 |
41,123.6 |
|||||
Deferred revenue tax belongings |
19,771.4 |
18,770.0 |
|||||
Contract prices |
3,423.8 |
3,399.9 |
|||||
Different belongings |
238.8 |
258.4 |
|||||
Complete non-current belongings |
214,499.2 |
217,530.7 |
|||||
Complete belongings |
Ps. |
283,447.6 |
Ps. |
299,107.5 |
|||
11
GRUPO TELEVISA, S.A.B.
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
AS OF JUNE 30, 2023 AND DECEMBER 31, 2022
(Hundreds of thousands of Mexican Pesos)
LIABILITIES |
|||||||
Present liabilities: |
|||||||
Present portion of long-term debt |
Ps. |
9,977.6 |
Ps. |
1,000.0 |
|||
Curiosity payable |
1,592.8 |
1,761.1 |
|||||
Present portion of lease liabilities |
1,289.5 |
1,373.2 |
|||||
Spinoff monetary devices |
183.4 |
71.4 |
|||||
Commerce accounts payable and accrued bills |
16,112.7 |
16,083.9 |
|||||
Buyer deposits and advances |
2,010.7 |
1,841.1 |
|||||
Present portion of deferred income |
287.7 |
287.7 |
|||||
Revenue taxes payable |
916.5 |
4,457.9 |
|||||
Different taxes payable |
2,664.8 |
2,661.2 |
|||||
Worker advantages |
1,208.7 |
1,384.8 |
|||||
As a consequence of associated events |
795.9 |
88.3 |
|||||
Provision for lawsuit settlement settlement |
– |
1,850.2 |
|||||
Different present liabilities |
1,755.9 |
1,510.0 |
|||||
Complete present liabilities |
38,796.2 |
34,370.8 |
|||||
Non-current liabilities: |
|||||||
Lengthy-term debt, internet of present portion |
85,442.4 |
104,240.7 |
|||||
Lease liabilities, internet of present portion |
6,440.9 |
6,995.8 |
|||||
Deferred income, internet of present portion |
5,034.2 |
5,178.0 |
|||||
Deferred revenue tax liabilities |
1,105.4 |
1,249.5 |
|||||
Publish-employment advantages |
817.8 |
771.5 |
|||||
Different long-term liabilities |
2,281.9 |
2,171.3 |
|||||
Complete non-current liabilities |
101,122.6 |
120,606.8 |
|||||
Complete liabilities |
139,918.8 |
154,977.6 |
|||||
EQUITY |
|||||||
Capital inventory |
4,722.8 |
4,836.7 |
|||||
Further paid-in capital |
15,889.8 |
15,889.8 |
|||||
20,612.6 |
20,726.5 |
||||||
Retained earnings: |
|||||||
Authorized reserve |
2,139.0 |
2,139.0 |
|||||
Unappropriated earnings |
126,187.0 |
84,202.7 |
|||||
Internet (loss) revenue for the interval |
(655.4 |
) |
44,712.2 |
||||
127,670.6 |
131,053.9 |
||||||
Amassed different complete loss, internet |
(9,294.2 |
) |
(10,823.9 |
) |
|||
Shares repurchased |
(11,349.3 |
) |
(12,648.6 |
) |
|||
107,027.1 |
107,581.4 |
||||||
Fairness attributable to stockholders of the Firm |
127,639.7 |
128,307.9 |
|||||
Non-controlling pursuits |
15,889.1 |
15,822.0 |
|||||
Complete fairness |
143,528.8 |
144,129.9 |
|||||
Complete liabilities and fairness |
Ps. |
283,447.6 |
Ps. |
299,107.5 |
|||
12
GRUPO TELEVISA, S.A.B.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME FOR THE
THREE AND SIX MONTHS ENDED JUNE 30, 2023 AND 2022
(Hundreds of thousands of Mexican Pesos)
Three months ended June 30, |
Six months ended June 30, |
||||||||||||||
2023 |
2022 |
2023 |
2022 |
||||||||||||
(Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
||||||||||||
Revenues |
Ps. |
18,520.2 |
Ps. |
18,533.5 |
Ps. |
37,039.9 |
Ps. |
37,142.7 |
|||||||
Value of revenues |
12,123.8 |
11,848.2 |
24,205.8 |
23,675.0 |
|||||||||||
Promoting bills |
2,212.9 |
2,097.8 |
4,451.4 |
4,231.0 |
|||||||||||
Administrative bills |
3,010.1 |
2,994.9 |
5,823.4 |
5,838.4 |
|||||||||||
Revenue earlier than different expense |
1,173.4 |
1,592.6 |
2,559.3 |
3,398.3 |
|||||||||||
Different expense, internet |
(181.2 |
) |
(40.9 |
) |
(363.3 |
) |
(209.3 |
) |
|||||||
Working revenue |
992.2 |
1,551.7 |
2,196.0 |
3,189.0 |
|||||||||||
Finance expense |
(2,069.8 |
) |
(2,214.9 |
) |
(4,722.8 |
) |
(6,826.7 |
) |
|||||||
Finance revenue |
1,318.3 |
1,146.0 |
1,772.7 |
868.2 |
|||||||||||
Finance expense, internet |
(751.5 |
) |
(1,068.9 |
) |
(2,950.1 |
) |
(5,958.5 |
) |
|||||||
Share of revenue of associates and joint ventures, internet |
24.9 |
4,218.6 |
121.6 |
4,684.0 |
|||||||||||
Revenue (loss) earlier than revenue taxes |
265.6 |
4,701.4 |
(632.5 |
) |
1,914.5 |
||||||||||
Revenue tax (expense) profit |
(93.1 |
) |
(1,510.9 |
) |
94.9 |
(632.8 |
) |
||||||||
Internet revenue (loss) from persevering with operations |
172.5 |
3,190.5 |
(537.6 |
) |
1,281.7 |
||||||||||
Revenue from discontinued operations, internet |
– |
98.9 |
– |
54,864.3 |
|||||||||||
Internet revenue (loss) |
Ps. |
172.5 |
Ps. |
3,289.4 |
Ps. |
(537.6 |
) |
Ps. |
56,146.0 |
||||||
Internet revenue (loss) attributable to: |
|||||||||||||||
Stockholders of the Firm |
Ps. |
133.5 |
Ps. |
3,140.4 |
Ps. |
(655.4 |
) |
Ps. |
55,782.5 |
||||||
Non-controlling pursuits |
39.0 |
149.0 |
117.8 |
363.5 |
|||||||||||
Internet revenue (loss) |
Ps. |
172.5 |
Ps. |
3,289.4 |
Ps. |
(537.6 |
) |
Ps. |
56,146.0 |
||||||
Fundamental earnings (loss) per CPO attributable to stockholders of the Firm: |
|||||||||||||||
Persevering with operations |
Ps. |
0.05 |
Ps. |
1.04 |
Ps. |
(0.23 |
) |
Ps. |
0.33 |
||||||
Discontinued operations |
– |
0.07 |
– |
19.38 |
|||||||||||
Complete |
Ps. |
0.05 |
Ps. |
1.11 |
Ps. |
(0.23 |
) |
Ps. |
19.71 |
13
Disclaimer
Grupo Televisa SAB printed this content material on 27 July 2023 and is solely answerable for the data contained therein. Distributed by Public, unedited and unaltered, on 29 July 2023 19:52:41 UTC.
Transcript : Grupo Televisa, S.A.B., Q2 2023 Earnings Name, Jul 26, 2023 | CI |
|
Grupo Televisa, S.A.B. Experiences Earnings Outcomes for the Second Quarter and Six Months Ended June 30, 2023 | CI |
|
Grupo Televisa, S.A.B.(BMV:TLEVISA CPO) dropped from S&P International 1200 | CI |
|
Grupo Televisa, S.A.B.(BMV:TLEVISA CPO) dropped from S&P Worldwide 700 | CI |
|
Grupo Televisa, S.A.B. Broadcasts Government Modifications | CI |
|
Goldman Sachs Initiates Grupo Televisa at Purchase With $6.10 Value Goal | MT |
|
GRUPO TELEVISA, S.A.B. : Ex-dividend day for for remaining dividend | FA |
|
Tranche Replace on Grupo Televisa, S.A.B. (BMV:TLEVISA CPO)’s Fairness Buyback Plan introduced on April 29, 2019. | CI |
|
Tranche Replace on Grupo Televisa, S.A.B. (BMV:TLEVISA CPO)’s Fairness Buyback Plan introduced on April 29, 2019. | CI |
|
Transcript : Grupo Televisa, S.A.B., Q1 2023 Earnings Name, Apr 26, 2023 | CI |
|
Grupo Televisa, S.A.B. Experiences Earnings Outcomes for the First Quarter Ended March 31, 2023 | CI |
|
Grupo Televisa, S.A.B. Experiences Earnings Outcomes for the First Quarter Ended March 31, 2023 | CI |
|
UBS Downgrades Grupo Televisa to Impartial From Purchase, Adjusts Value Goal to $6 From $8.80 | MT |
|
Benchmark Adjusts Value Goal on Grupo Televisa to $12 From $15, Maintains Purchase Ranking | MT |
|
Grupo Televisa, S.A.B. Proposes Dividend for the Yr 2022 | CI |
|
Transcript : Grupo Televisa, S.A.B., This fall 2022 Earnings Name, Feb 24, 2023 | CI |
|
Grupo Televisa, S.A.B. Experiences Earnings Outcomes for the Fourth Quarter and Full Yr Ended December 31, 2022 | CI |
|
Grupo Televisa, S.A.B. Experiences Earnings Outcomes for the Full Yr Ended December 31, 2022 | CI |
|
Grupo Televisa, S.A.B. Experiences Earnings Outcomes for the Fourth Quarter Ended December 31, 2022 | CI |
|
Tranche Replace on Grupo Televisa, S.A.B. (BMV:TLEVISA CPO)’s Fairness Buyback Plan introduced on April 29, 2019. | CI |
|
Citigroup Begins Grupo Televisa at Purchase With $8.50 Value Goal | MT |
|
Televisa Confirms Talks Held with Megacable About Potential Mixture | CI |
|
‘Not on the market’: Megacable rejects merger supply from Televisa | RE |
|
Mexico’s Televisa, Megacable shares leap on pay TV, net merger plan | RE |
|
Mexico’s Televisa affords to mix pay TV unit with Megacable | RE |
Extra charts
Grupo Televisa, S.A.B. is a media firm, cable operator in Mexico and an operator of a direct-to-home (DTH) satellite tv for pc pay tv system in Mexico. The Firm operates by way of 4 segments: Content material, Sky, Cable and Different Companies. The Content material phase consists of Promoting, Community Subscription, and Licensing and Syndication. The Sky phase consists of DTH broadcast satellite tv for pc pay tv providers in Mexico, Central America and the Dominican Republic. The Cable phase consists of the operation of a cable a number of system within the Mexico Metropolis metropolitan space; the operation of telecommunication, and the operation of a cable a number of system. The Different Companies phase consists of its home operations in sports activities and present enterprise promotion, soccer, function movie manufacturing and distribution, gaming, radio, publishing and publishing distribution. The Firm distributes the content material it produces by way of varied broadcast channels in Mexico and in roughly 50 different international locations.
Extra in regards to the firm

Purchase
Common goal worth
29.73MXN
Unfold / Common Goal
+73.12%
Consensus