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General

TV Azteca sales down 14% on ongoing Covid impact in Q3, narrows loss

Thursday 29 October 2020 | 14:17 CET | News
Mexican broadcaster and content producer TV Azteca reported a 14 percent year on year decline in revenues to MXN 2.49 billion in the third quarter of 2020 due the ongoing effects of the Covid-19 health crisis and resulting economic impact on its sales performance. TV Azteca's EBITDA fell to MXN 358 million in the July to September period from MXN 464 million in the third quarter of 2019, with the company also reporting a net loss of MXN 77 million, down from a net gain of MXN 194 million a year earlier but a significant improvement on the MXN 707 million net loss posted in Q2.

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Categories: General
Companies: Azteca Comunicaciones / TV Azteca
Countries: Mexico / Peru
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