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General

Televisa net sales dip to MXN 23 bln in Q1, posts MXN 9.7 bln loss

Tuesday 28 April 2020 | 14:19 CET | News
Mexican broadcaster and cable operator Grupo Televisa reported total revenues of MXN 23.2 billion in the first quarter of 2020, down 0.7 percent year on year due above all to a 28.4 percent decline in advertising sales. The company also posted a net loss of MXN 9.65 billion in the first 3 months of the year, compared to a profit of MXN 542 million a year earlier, mainly reflecting increase in finance expense due to the depreciation of the peso and a non-cash adjustment in the carrying value of Televisa's interest in Univision.

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Categories: General
Companies: Sky Mexico / Televisa / Univision
Countries: Mexico
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