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General

Televisa net sales up 9.5% to MXN 22 bln in Q1

Friday 29 April 2016 | 09:34 CET | News
Mexico's Grupo Televisa reported net sales of MXN 21.7 billion in the first quarter, up 9.5 percent on the year-earlier result of MXN 19.9 billion, driven by continued revenue growth in the company's Sky, cable and content segments. Operating segment income increased by 10.6 percent to MXN 8.4 billion with a margin of 37.5 percent. However, net income plunged 58.7 percent to MXN 600.4 million, compared to MXN 1.4 billion in the year-earlier quarter, due to the impact of a one-off one-off cash payment MXN 1 billion from US Spanish-language broadcaster Univision, in which Televisa owns equity

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Categories: Broadcast & Satellite / General
Companies: Sky / Televisa / Univision
Countries: Mexico
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