financetom
Business
financetom
/
Business
/
Mexican broadcaster Televisa swings to bigger-than-expected net loss in Q3
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Mexican broadcaster Televisa swings to bigger-than-expected net loss in Q3
Oct 23, 2025 2:17 PM

MEXICO CITY, Oct 23 (Reuters) - Mexico's largest

broadcaster Grupo Televisa swung to a loss in

the third quarter after a deferred tax write-off boosted income

taxes, according to a filing to Mexico's stock exchange

published on Thursday.

The broadcaster, the world's biggest producer of

Spanish-language content, posted a net loss of 1.93 billion

pesos ($105.43 million), much greater than the $12 million

dollar-denominated loss forecast by analysts polled by LSEG.

The loss, which follows a net profit of 666 million

pesos in the same quarter last year, was driven primarily by a

non-cash deferred tax asset write-off of $2.66 billion related

to capital tax losses, Televisa said.

The company also credited the loss to reduced profit

contributions from associates and joint ventures like its one

with U.S. Spanish-language broadcaster Univision.

The company's revenue fell 4.8% from a year earlier to 14.63

billion pesos ($798.7 million), close to analysts' forecast of

$771.5 million, according to LSEG data.

($1 = 18.3147 Mexican pesos at end-September)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Bath & Body Works beats quarterly profit estimates on minimal tariff exposure
Bath & Body Works beats quarterly profit estimates on minimal tariff exposure
May 29, 2025
May 29 (Reuters) - Bath & Body Works ( BBWI ) on Thursday beat first-quarter profit estimates as steady demand for its fragrances and personal care products, combined with its limited exposure to import tariffs, helped counter broader pressures in the U.S. retail sector. The beauty and skincare retailer has invested in extensive promotions and deals as well as in...
Africa Energy Says Executed Definitive Agreements With Arostyle
Africa Energy Says Executed Definitive Agreements With Arostyle
May 29, 2025
08:46 AM EDT, 05/29/2025 (MT Newswires) -- Africa Energy ( HPMCF ) earlier on Thursday said it, along with two parties, Arostyle Investments and Main Street, had executed definitive binding agreements for the purpose of restructuring Africa Energy's ( HPMCF ) and Arostyle's investment in Main Street. A statement noted this follows the signing of non-binding agreements that were previously...
enCore Energy Granted Radioactive Materials License for Texas Uranium Project
enCore Energy Granted Radioactive Materials License for Texas Uranium Project
May 29, 2025
08:45 AM EDT, 05/29/2025 (MT Newswires) -- enCore Energy (EU) said Thursday it has been granted approval to include the Upper Spring Creek In-Situ Recovery Uranium Project in its existing radioactive materials license by the Texas Commission on Environmental Quality. The Upper Spring Creek Project brings important uranium mineralization into the operations of the company, and we look forward to...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved