Grupo Televisa stock returns to profit as revenue falls

Grupo Televisa returned to profit in the third quarter despite lower revenue, as reduced tax and finance expenses offset continued pressure in satellite television. Reuters reported on Thursday, October 29, that attributable net income reached 882.7 million Mexican pesos in the July-to-September period, compared with a loss of 1.93 billion pesos a year earlier.

Revenue fell 3.8% year over year to 14.08 billion Mexican pesos. Reuters attributed the decline to continued weakness in satellite television, which outweighed growth in enterprise services. The result leaves Televisa facing a mixed operating picture: cost and tax relief improved earnings, but the top line remained under pressure.

Lower costs lift quarterly earnings

The return to profit was driven mainly by a 2.89 billion peso reduction in income-tax provisions and lower finance expenses. The comparison with the prior-year quarter also benefited from the absence of the heavier tax burden recorded then.

For investors, the earnings improvement therefore says more about expenses and the tax line than about broad-based revenue growth. A sustained recovery will depend on whether efficiency gains can offset weakness in the satellite business and stabilize consolidated sales.

Connectivity offsets satellite weakness

Televisa ended the quarter with 5.7 million broadband subscribers after roughly 9,000 net additions. Mobile subscribers reached 888,000, with 68,000 net additions, giving the connectivity businesses a growth contribution as satellite television continued to contract.

The operating trends point to a widening gap between the companys connectivity activities and its satellite offering. Enterprise services also expanded, but the growth was not sufficient to prevent a decline in total quarterly revenue.

Stock context and next focus

Grupo Televisa stock traded at EUR 1.90 on Lang & Schwarz at 12:05 CEST on Friday, October 30, 2026.

Investors can follow the real-time quote of Grupo Televisa stock as the market weighs the return to profit against declining revenue and satellite losses.

The broader U.S. equity market remains the relevant external backdrop for the New York-listed ADR; see the latest S&P 500 market coverage.

Further earnings updates and analysis are available in more news and analyses on Grupo Televisa stock.