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Mexican broadcaster Televisa swings to net loss in Q2
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Mexican broadcaster Televisa swings to net loss in Q2
Jul 23, 2024 2:29 PM

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

broadcaster Televisa on Tuesday posted a net

loss in the second quarter of 25.6 million pesos ($1.4 million),

diminished by higher costs and a fall in revenue.

The net loss for the quarter compared with a net profit of

133.5 million pesos in the same period last year, according to

the earnings report.

The company's revenues reached 15.72 billion pesos, down

5.8% year-on-year, mainly affected by a 13.3% decline in its

satellite television unit SKY revenues.

SKY saw about 262,000 disconnections while Televisa's

cable segment added about 10,700 broadband subscribers, while

losing about 65,600 video subscribers, with revenues dropping

3.1%.

($1 = 18.2862 Mexican pesos at end-June)

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