Grupo Televisa, S.A.B. 2026 Q1 - Results - Earnings Call Presentation

TL;DR

Key Points - Grupo Televisa is accelerating its FTTH rollout—upgraded >1.5 million homes this quarter, has passed >52% of its footprint and is targeting 75% FTTH by end-2026 (100% by mid-2027); broadband net adds were 25,000 and mobile added 95,000, but Sky lost ~325,000 RGUs and Sky revenue fell 24.6% YoY. - Cost and integration measures expanded operating segment income margin by about 330 basis points to roughly 41.4%, driven by an ~8% YoY OpEx reduction, and management expects to sustain profitability above 40% in coming quarters. - TelevisaUnivision’s streaming arm ViX now represents >20% of consolidated revenue/EBITDA with double-digit SVOD growth and a record 1 billion streaming hours, but adjusted EBITDA fell 6% due to higher marketing and sports-related costs and U.S.