MEXICO CITY, April 25 (Reuters) - Mexico's largest

broadcaster Televisa reversed losses in the first quarter, it

said on Thursday, swinging to a profit after reducing financial

expenses by nearly 50%.

Net profit reached 951.8 million Mexican pesos ($57.6

million) in the January to March period, from the 788.9 million

peso loss in the same quarter in 2023, according to a filing to

Mexico's stock exchange.

The company credited the profit in large part to cutting

financial expenses by 1.02 billion pesos, a 47.4% drop from the

2.15 billion pesos in financial expenses reported in the first

quarter last year.

Company revenues, meanwhile, fell 4.8% from the year before

to 15.95 billion pesos, due principally to a 12.3% drop in

revenues from its satellite TV unit Sky, which saw 250,600

disconnections.

The company's operating profits decreased 12.5%.

($1 = 16.5310 Mexican pesos at end-March)