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Mexico's Televisa triples profit in Q2 on World Cup boost, Imagina sale

Wednesday 11 July 2018 | 11:09 CET | News
Mexican broadcaster and cable operator Grupo Televisa reported total revenues of MXN 26.7 billion in the second quarter of 2018, up from MXN 23.0 billion a year earlier, with net profit tripling to MXN 4.3 billion. Televisa said the quarter included the group's sale of a 19 percent stake in Spanish media group Imagina Media Audiovisual to China's Orient Hontai plus the ratings boost resulting from Mexico's World Cup run, which helped cable-TV revenues increase 9.8 percent year on year to MXN 8.8 billion in Q2. Total advertising sales climbed 9.1 percent to MXN 5.3 billion, with sublicensing

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Categories: Broadcast & Satellite
Companies: Cablevision / Izzi / Sky / Telecable / Televisa
Countries: Latin America / Mexico
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