Grupo Televisa stock weighs profit recovery against AT&T deal
Published on 11/09/2026 at 16:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSProfit recovery meets deal execution
- Grupo Televisa returned to attributable profit in the third quarter despite lower revenue.
- Satellite weakness continued to pressure the business, while Enterprise Services provided support.
- The AT&T Mexico transaction remains subject to financing and regulatory milestones before its planned closing.
Grupo Televisa returned to attributable profit in the third quarter, while revenue declined and its planned AT&T Mexico acquisition moved toward its next execution milestones. The company reported the results on October 29, 2026, and the figures are reproduced in the StockTitan reproduction of the Form 6-K.
Profit returns as revenue slips
Revenue fell 3.8% year over year to 14,077.7 million Mexican pesos. Net income attributable to stockholders reached 882.7 million Mexican pesos, compared with a loss of 1,932.5 million Mexican pesos in the year-earlier quarter.
The earnings recovery reflected lower finance expense and income taxes, but it did not remove operating pressure. Operating income fell 26.7% to 680.9 million Mexican pesos after other expense increased to 969.5 million Mexican pesos, including a non-cash impairment of technical equipment.
Operating segment income increased 5.6% to 5,996.0 million Mexican pesos, lifting the margin to 42.6%. Enterprise Services revenue grew 6.8%, while Satellite Services revenue declined 20.5% as its revenue-generating-unit base contracted.
AT&T deal sets next test
On October 13, 2026, a consortium owned equally by Grupo Televisa and Fintech Holdings agreed to acquire AT&T's wireless business in Mexico for 2 billion US dollars, subject to adjustments. Grupo Televisa expects to contribute an estimated 400 million US dollars for a 50% interest.
The partners plan to use cash on hand and non-recourse secured debt financing. Closing is expected in the first quarter of 2027, subject to customary conditions including regulatory approvals. The transaction is expected to be accounted for as an investment in a joint venture under the equity method.
Quote remains a separate signal
Grupo Televisa stock traded at 2.08 euros on Lang & Schwarz at 16:38 CET on Monday, November 9, 2026.
Grupo Televisa company facts
- Company: Grupo Televisa S.A.B.
- ISIN: US40049J2069
- Ticker: TV
- Lang & Schwarz: 2.08 euros on November 9, 2026 at 16:38 CET
- Third-quarter revenue: 14,077.7 million Mexican pesos
- AT&T Mexico purchase: 2 billion US dollars, planned closing in the first quarter of 2027
The broader US market backdrop can be followed through current S&P 500 developments.
