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General

Televisa net sales down 8% in Q2, doubles net profit to MXN 1.7 bln

Thursday 9 July 2020 | 09:05 CET | News
Mexican broadcaster and cable operator Grupo Televisa reported total revenues of MXN 22.4 billion in the second quarter of 2020, down 7.8 percent year on year on account of a 33.1 percent slump in advertising sales. The company attributed the fall to a significant deterioration in the Mexican economy due to the Covid-19 pandemic, resulting in a reduction of advertising budgets in many categories, above all food and beverage, retail, telecom, travel and out-of-home entertainment.

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