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Mexican broadcaster Televisa posts wider fourth-quarter loss at $471 million
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Mexican broadcaster Televisa posts wider fourth-quarter loss at $471 million
Feb 20, 2025 3:12 PM

MEXICO CITY, Feb 20 (Reuters) - Mexico's largest

broadcaster Grupo Televisa posted a wider fourth

quarter net loss of 9.8 billion pesos ($471 million), compared

to the 6.8 billion-peso-loss in the year-ago period, according

to a filing published on Thursday.

The broadcaster, the world's biggest producer of

Spanish-language content, said the quarterly loss was largely

due to a fall in its operational profits and higher costs in

some assets.

The company's revenues during the October-to-December period

totaled 15.2 billion pesos, a nearly 7% decrease from the same

three months in 2023.

Televisa said in the filing the quarterly fall in

revenue was due to a slight drop in its subscription base, plus

a 6.3% reduction in revenue from its business operations and a

12.4% fall in its revenue from its satellite TV unit Sky.

Sky had around 270,400 disconnections of

revenue-generating units (RGUs) in the quarter.

The company said its cash and cash equivalents grew last

year by 13.6 billion pesos to reach about 48.7 billion pesos

($2.3 billion), an increase of nearly 40% from the previous

year.

($1 = 20.8829 pesos at end-December)

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