Televisa Q1 sales up 2%, profit soars on currency gains

Thursday 27 April 2017 | 10:22 CET | News

Mexican broadcaster and cable operator Grupo Televisa reported total revenues of MXN 22.2 billion in the first quarter, up 2.0 percent on the year-earlier result, driven by a 6.2 percent rise in cable revenues. The company’s quarterly profit climbed by over 90 percent rise to MXN 1.87 billion in the January to March period due above all to foreign exchange gains and decreased financing expenses. Operating segment income was up 2.4 percent to MXN 8.56 billion, with a margin of 37.4 percent, but first-quarter advertising revenue fell by 7.8 percent to MXN 4.13 billion due to a restructure of the company’s advertising sales business.

The company’s consolidated broadband revenue generating units (RGUs) were up 45,000 year on year to 3.38 million on 31 March, with voice RGUs remaining flat on 2.06 million and video customers falling by 68,000 to 4.07 million. Televisa said its Sky Mexico unit was up to 8.01 million subscribers at the end of the first quarter, compared to 7.67 million a year earlier, including 208,000 subscribers in Central America and the Dominican Republic. It added that the marginal drop in subscribers during the first quarter was mainly due to the above-average growth in the first half of 2016 resulting from the transition to DTT.

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