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General

Televisa net sales down 7% in Q3, net profit quadruples

Monday 26 October 2020 | 12:01 CET | News
Mexican broadcaster and telecommunications operator Grupo Televisa reported total revenues of MXN 23.9 billion in the third quarter of 2020, up sequentially but down 7.1 percent year on year due to a 13.0 percent fall in advertising sales. However, Televisa said its third-quarter net profit more than quadrupled to MXN 3.3 billion in the July to September period, compared to MXN 755.2 million a year earlier thanks to a favourable change in its financial income coupled with an audience surge of 30 percent year on year.

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