NYSE : TV
Grupo Televisa, S.A.B. — Financial statements
Communication Services · Telecom Services · Mexico
Last price 2.14 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.13B
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Financial statements
Grupo Televisa, S.A.B. (TV) reported revenue of 57.43B MXN (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in MXN.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 57.43B | 58.88B | 62.26B | 66.22B | 68.62B | 73.92B |
| Cost of Revenue | 35.22B | 36.39B | 41.12B | 43.30B | 43.36B | 46.65B |
| Gross Profit | 22.21B | 22.48B | 21.14B | 22.93B | 25.26B | 27.26B |
| Selling, General & Admin | 15.32B | 17.24B | 19.41B | 20.15B | 20.50B | 20.29B |
| Other Operating Expenses | 517.97M | -113.53M | 2.86B | -55.46M | 588.14M | 386.37M |
| Operating Expenses | 15.84B | 17.13B | 22.27B | 20.10B | 21.09B | 20.68B |
| Operating Income | 6.38B | 5.35B | -1.12B | 2.83B | 4.17B | 6.59B |
| Interest Expense | -7.03B | -7.51B | -7.98B | -7.74B | -9.53B | -9.11B |
| Interest & Investment Income | 1.73B | 2.67B | 3.53B | 3.50B | 2.13B | 560.03M |
| Earnings From Equity Investments | -1.30B | -1.09B | -182.58M | -4.09B | -7.38B | 3.67B |
| Currency Exchange Gain (Loss) | 399.19M | 399.19M | -837.20M | -149.15M | -1.75B | -2.19B |
| Other Non Operating Income (Expenses) | 302.29M | 302.29M | 773.73M | -134.85M | -110.74M | -1.18B |
| EBT Excluding Unusual Items | 477.94M | 123.84M | -5.82B | -5.79B | -12.46B | -1.66B |
| Merger & Restructuring Charges | -420.77M | -420.77M | -776.07M | -1.00B | -115.97M | -194.19M |
| Impairment of Goodwill | -450.00M | |||||
| Gain (Loss) on Sale of Investments | 35.95M | 4.55B | ||||
| Gain (Loss) on Sale of Assets | -706.58M | -706.58M | 1.96B | 48.04M | 70.76M | 38.66M |
| Asset Writedown | -2.61B | -97.29M | ||||
| Legal Settlements | -425.76M | -191.61M | ||||
| Other Unusual Items | -329.72M | |||||
| Pretax Income | -649.41M | -1.00B | -7.70B | -7.07B | -12.90B | 2.44B |
| Income Tax Expense | 5.55B | 7.93B | 688.59M | 2.36B | -1.35B | 1.67B |
| Earnings From Continuing Operations | -6.20B | -8.94B | -8.39B | -9.44B | -11.54B | 768.88M |
| Earnings From Discontinued Operations | 56.82M | 628.12M | 56.83B | 6.59B | ||
| Net Income to Company | -6.20B | -8.94B | -8.33B | -8.81B | 45.28B | 7.35B |
| Minority Interest in Earnings | -411.24M | -233.24M | 62.86M | 384.52M | -571.64M | -1.30B |
| Net Income | -6.61B | -9.17B | -8.27B | -8.42B | 44.71B | 6.06B |
| Net Income to Common | -6.61B | -9.17B | -8.27B | -8.42B | 44.71B | 6.06B |
| Shares Outstanding (Basic) | 2.86B | 2.68B | 2.72B | 2.80B | 2.83B | 2.79B |
| Shares Outstanding (Diluted) | 2.86B | 2.68B | 2.72B | 2.80B | 2.83B | 2.79B |
| EPS (Basic) | -2.31 | -3.42 | -3.04 | -3.01 | 15.80 | 2.17 |
| EPS (Diluted) | -2.31 | -3.42 | -3.04 | -3.01 | 15.80 | 2.17 |
| Free Cash Flow | 7.91B | 23.46B | 493.38M | -4.85B | 6.06B | |
| Free Cash Flow Per Share | 2.95 | 8.63 | 0.18 | -1.71 | 2.17 | |
| Dividend Per Share | 0.35 | 0.35 | 0.35 | 0.35 | ||
| Gross Margin | 38.68% | 38.19% | 33.96% | 34.62% | 36.81% | 36.88% |
| Operating Margin | 11.10% | 9.09% | -1.80% | 4.27% | 6.08% | 8.91% |
| Profit Margin | -11.52% | -15.57% | -13.28% | -12.72% | 65.16% | 8.19% |
| Free Cash Flow Margin | 13.43% | 37.67% | 0.74% | -7.07% | 8.19% | |
| EBITDA | 21.10B | 21.61B | 18.32B | 24.72B | 25.77B | 28.33B |
| EBITDA Margin | 36.74% | 36.70% | 29.42% | 37.33% | 37.55% | 38.33% |
| D&A For EBITDA | 14.72B | 16.26B | 19.44B | 21.89B | 21.59B | 21.75B |
| EBIT | 6.38B | 5.35B | -1.12B | 2.83B | 4.17B | 6.59B |
| EBIT Margin | 11.10% | 9.09% | -1.80% | 4.27% | 6.08% | 8.91% |
| Effective Tax Rate | 68.51% |
Balance sheet
Fiscal year January - December; amounts in MXN.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 31.02B | 27.61B | 46.19B | 32.59B | 51.13B | 25.83B |
| Short-Term Investments | 11.35B | 11.40B | ||||
| Trading Asset Securities | 251.74M | 11.24M | 127.00K | |||
| Cash & Short-Term Investments | 42.37B | 39.01B | 46.19B | 32.84B | 51.14B | 25.83B |
| Accounts Receivable | 6.45B | 6.45B | 6.52B | 9.58B | 8.77B | 13.97B |
| Other Receivables | 11.86B | 9.83B | 9.71B | 13.02B | 15.03B | 17.71B |
| Receivables | 18.32B | 16.28B | 16.22B | 22.61B | 23.80B | 31.67B |
| Inventory | 628.00M | 584.88M | 463.23M | 1.26B | 1.45B | 2.21B |
| Other Current Assets | 4.71B | 4.35B | 5.39B | 5.40B | 5.19B | 13.54B |
| Total Current Assets | 66.01B | 60.22B | 68.27B | 62.10B | 81.58B | 73.26B |
| Property, Plant & Equipment | 65.06B | 64.88B | 67.00B | 83.93B | 88.91B | 95.53B |
| Long-Term Investments | 47.07B | 45.33B | 46.93B | 46.01B | 54.37B | 32.91B |
| Goodwill | 13.45B | 13.45B | 13.45B | 13.90B | 13.90B | 14.04B |
| Other Intangible Assets | 25.00B | 20.31B | 20.58B | 21.88B | 22.70B | 35.23B |
| Long-Term Accounts Receivable | 3.02M | 3.78B | 5.06B | 6.80B | 385.06M | |
| Long-Term Deferred Tax Assets | 14.65B | 14.08B | 20.63B | 18.20B | 18.77B | 33.17B |
| Long-Term Deferred Charges | 2.69B | 2.65B | 2.49B | 3.32B | 3.40B | 3.22B |
| Other Long-Term Assets | 2.75B | 7.49B | 8.52B | 8.25B | 8.67B | 6.00B |
| Total Assets | 236.69B | 228.42B | 251.66B | 262.67B | 299.11B | 293.74B |
| Accounts Payable | 15.44B | 14.26B | 11.53B | 13.44B | 16.17B | 22.96B |
| Accrued Expenses | 5.41B | 4.51B | 5.54B | 6.02B | 5.81B | 8.78B |
| Current Portion of Long-Term Debt | 4.50B | 3.74B | 4.56B | 9.99B | 1.00B | 4.13B |
| Current Portion of Leases | 2.05B | 1.58B | 1.24B | 1.28B | 1.37B | 1.48B |
| Current Income Taxes Payable | 316.20M | 287.90M | 1.32B | 774.43M | 4.46B | 7.68B |
| Current Unearned Revenue | 1.07B | 1.25B | 1.42B | 1.68B | 2.13B | 9.00B |
| Other Current Liabilities | 2.94B | 2.48B | 1.69B | 1.71B | 3.43B | 2.64B |
| Total Current Liabilities | 31.73B | 28.11B | 27.30B | 34.89B | 34.37B | 56.67B |
| Long-Term Debt | 76.66B | 82.26B | 98.40B | 78.55B | 104.24B | 121.71B |
| Long-Term Leases | 5.11B | 3.85B | 4.14B | 6.01B | 7.00B | 8.20B |
| Long-Term Unearned Revenue | 4.10B | 4.32B | 4.60B | 4.89B | 5.18B | |
| Pension & Post-Retirement Benefits | 981.80M | 954.25M | 772.48M | 733.05M | 771.47M | 1.91B |
| Long-Term Deferred Tax Liabilities | 2.99B | 2.67B | 1.25B | 1.05B | 1.25B | 2.21B |
| Other Long-Term Liabilities | 3.43B | 3.74B | 3.49B | 1.87B | 2.17B | 6.51B |
| Total Liabilities | 124.99B | 125.89B | 139.96B | 128.00B | 154.98B | 197.22B |
| Common Stock | 3.93B | 1.97B | 1.97B | 4.72B | 4.84B | 4.84B |
| Additional Paid-In Capital | 13.36B | 13.36B | 13.36B | 15.89B | 15.89B | 15.89B |
| Retained Earnings | 103.52B | 102.65B | 112.04B | 120.40B | 131.05B | 88.22B |
| Treasury Stock | -14.32B | -15.02B | -14.00B | -11.87B | -12.65B | -14.21B |
| Comprehensive Income & Other | -4.56B | -9.91B | -10.92B | -9.87B | -10.82B | -13.62B |
| Total Common Equity | 101.94B | 93.06B | 102.45B | 119.28B | 128.31B | 81.12B |
| Minority Interest | 9.76B | 9.47B | 9.24B | 15.39B | 15.82B | 15.41B |
| Shareholders' Equity | 111.70B | 102.53B | 111.70B | 134.67B | 144.13B | 96.52B |
| Total Liabilities & Equity | 236.69B | 228.42B | 251.66B | 262.67B | 299.11B | 293.74B |
| Total Debt | 88.32B | 91.43B | 108.34B | 95.83B | 113.61B | 135.52B |
| Net Cash (Debt) | -45.95B | -52.43B | -62.15B | -62.99B | -62.47B | -109.69B |
| Net Cash Per Share | -16.05 | -19.56 | -22.86 | -22.51 | -22.07 | -39.31 |
| Filing Date Shares Outstanding | 2.62B | 2.66B | 2.70B | 2.77B | 2.83B | 2.81B |
| Total Common Shares Outstanding | 2.62B | 2.66B | 2.70B | 2.77B | 2.83B | 2.81B |
| Working Capital | 34.29B | 32.11B | 40.96B | 27.21B | 47.21B | 16.59B |
| Book Value Per Share | 38.96 | 35.00 | 38.00 | 43.08 | 45.39 | 28.82 |
| Tangible Book Value | 63.48B | 59.29B | 68.41B | 83.50B | 91.70B | 31.85B |
| Tangible Book Value Per Share | 24.26 | 22.30 | 25.37 | 30.15 | 32.44 | 11.32 |
| Buildings | 6.13B | 6.13B | 11.62B | 11.46B | 15.20B | |
| Machinery | 222.32B | 215.93B | 157.62B | 151.57B | 145.23B | |
| Construction In Progress | 9.19B | 7.19B | 8.95B | 11.57B | 14.54B | |
| Leasehold Improvements | 2.79B | 2.68B | 3.87B | 3.55B | 3.73B |
Cash flow statement
Fiscal year January - December; amounts in MXN.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -9.17B | -8.27B | -8.42B | 44.71B | 6.06B | |
| Depreciation & Amortization | 17.16B | 20.51B | 21.89B | 21.59B | 21.75B | |
| Loss (Gain) From Sale of Assets | 78.28M | -2.32B | 233.61M | -131.68M | -279.59M | |
| Asset Writedown & Restructuring Costs | 3.06B | 69.47M | 225.14M | |||
| Loss (Gain) From Sale of Investments | -4.55B | |||||
| Loss (Gain) on Equity Investments | 1.09B | 182.58M | 4.09B | 7.38B | -3.67B | |
| Stock-Based Compensation | 373.51M | 488.83M | 748.50M | 1.67B | 1.09B | |
| Provision & Write-off of Bad Debts | 1.20B | 1.29B | 1.11B | 1.17B | 1.28B | |
| Other Operating Activities | 8.96B | 13.34B | -2.94B | -60.68B | -456.68M | |
| Change in Accounts Receivable | -260.57M | 143.00M | 523.62M | 811.23M | -1.98B | |
| Change in Inventory | -48.09M | 1.10B | 564.75M | -588.95M | -571.28M | |
| Change in Accounts Payable | 2.69B | -738.60M | -3.22B | -122.94M | 850.76M | |
| Change in Unearned Revenue | -457.40M | -526.70M | -734.35M | 267.24M | 3.06B | |
| Change in Other Net Operating Assets | -1.53B | 4.13B | 343.01M | -4.57B | -5.13B | |
| Operating Cash Flow | 20.09B | 32.55B | 15.20B | 12.47B | 29.32B | |
| Capital Expenditures | -12.19B | -9.10B | -14.71B | -17.32B | -23.27B | |
| Sale of Property, Plant & Equipment | 133.18M | 627.97M | 48.87M | 264.16M | 672.42M | |
| Sale (Purchase) of Intangibles | -1.29B | -1.38B | -1.87B | -1.81B | -1.90B | |
| Investment in Securities | -11.28B | 50.77M | 45.56M | -7.92M | 5.64B | |
| Other Investing Activities | 2.33B | 787.84M | 724.90M | 61.57B | 10.00M | |
| Investing Cash Flow | -22.29B | -9.01B | -15.76B | 42.70B | -18.85B | |
| Long-Term Debt Issued | 10.00B | 400.00M | 2.65B | |||
| Long-Term Debt Repaid | -8.37B | -11.57B | -8.09B | -18.40B | -3.72B | |
| Lease Payments | -1.81B | -1.57B | -1.79B | -1.69B | -1.73B | |
| Net Debt Issued (Repaid) | -8.37B | -1.57B | -7.69B | -18.40B | -1.07B | |
| Issuance of Common Stock | 495.83M | 378.89M | 172.98M | 980.41M | 774.07M | |
| Repurchase of Common Stock | -1.09B | -511.47M | -1.46B | -2.26B | -1.10B | |
| Common Dividends Paid | -1.02B | -1.02B | -1.03B | -1.05B | -1.05B | |
| Other Financing Activities | -6.34B | -6.67B | -7.75B | -9.04B | -11.28B | |
| Financing Cash Flow | -16.32B | -9.39B | -17.75B | -29.77B | -13.73B | |
| Foreign Exchange Rate Adjustments | -67.00M | 148.29M | -234.64M | -100.34M | 23.54M | |
| Miscellaneous Cash Flow Adjustments | -696.92M | |||||
| Net Cash Flow | -18.59B | 13.61B | -18.54B | 25.30B | -3.23B | |
| Free Cash Flow | 7.91B | 23.46B | 493.38M | -4.85B | 6.06B | |
| Free Cash Flow Margin | 13.43% | 37.67% | 0.74% | -7.07% | 8.19% | |
| Free Cash Flow Per Share | 2.95 | 8.63 | 0.18 | -1.71 | 2.17 | |
| Levered Free Cash Flow | 4.86B | 9.91B | -4.22B | -1.28B | -2.09B | |
| Unlevered Free Cash Flow | 9.55B | 14.90B | 621.36M | 4.67B | 3.61B | |
| Free Cash Flow After Leases | 6.10B | 21.89B | -1.30B | -6.54B | 4.33B | |
| Cash Interest Paid | 6.82B | 7.42B | 7.55B | 8.89B | 8.26B | |
| Cash Income Tax Paid | 1.93B | 812.22M | 7.01B | 12.12B | 9.17B | |
| Change in Working Capital | 396.72M | 4.11B | -2.52B | -4.20B | -3.77B |
Ratios
Fiscal year January - December; amounts in MXN.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.05B | 1.55B | 887.82M | 1.87B | 2.57B | 5.27B |
| Enterprise Value | 4.01B | 5.09B | 4.29B | 6.66B | 6.55B | 11.51B |
| Last Close Price | 2.09 | 2.91 | 1.61 | 2.73 | 3.65 | 7.44 |
| PE Ratio | 1.12 | 17.82 | ||||
| PS Ratio | 0.34 | 0.47 | 0.30 | 0.48 | 0.73 | 1.46 |
| PB Ratio | 0.18 | 0.27 | 0.17 | 0.23 | 0.35 | 1.12 |
| P/TBV Ratio | 0.31 | 0.47 | 0.27 | 0.38 | 0.55 | 3.39 |
| P/FCF Ratio | 2.35 | 3.54 | 0.79 | 64.01 | 17.82 | |
| P/OCF Ratio | 0.88 | 1.39 | 0.57 | 2.08 | 4.01 | 3.68 |
| EV/Sales Ratio | 1.27 | 1.56 | 1.44 | 1.70 | 1.86 | 3.19 |
| EV/EBITDA Ratio | 3.46 | 4.24 | 4.88 | 4.55 | 4.96 | 8.32 |
| EV/EBIT Ratio | 11.45 | 17.12 | 39.80 | 30.63 | 35.81 | |
| EV/FCF Ratio | 8.77 | 11.59 | 3.81 | 228.04 | 38.95 | |
| Debt / Equity Ratio | 0.79 | 0.89 | 0.97 | 0.71 | 0.79 | 1.40 |
| Debt / EBITDA Ratio | 4.19 | 4.06 | 5.59 | 3.88 | 4.41 | 4.78 |
| Debt / FCF Ratio | 11.56 | 4.62 | 194.23 | 22.38 | ||
| Net Debt / Equity Ratio | 0.41 | 0.51 | 0.56 | 0.47 | 0.43 | 1.14 |
| Net Debt / EBITDA Ratio | 2.18 | 2.43 | 3.39 | 2.55 | 2.42 | 3.87 |
| Net Debt / FCF Ratio | 6.63 | 2.65 | 127.67 | -12.89 | 18.11 | |
| Asset Turnover | 0.24 | 0.24 | 0.24 | 0.24 | 0.23 | 0.26 |
| Inventory Turnover | 67.24 | 69.45 | 47.69 | 31.96 | 23.68 | 24.21 |
| Quick Ratio | 1.91 | 1.97 | 2.29 | 1.59 | 2.18 | 1.01 |
| Current Ratio | 2.08 | 2.14 | 2.50 | 1.78 | 2.37 | 1.29 |
| Return on Equity (ROE) | -5.57% | -8.34% | -6.81% | -6.77% | -9.59% | 0.83% |
| Return on Assets (ROA) | 1.69% | 1.39% | -0.27% | 0.63% | 0.88% | 1.46% |
| Return on Invested Capital (ROIC) | 4.04% | 3.26% | -0.60% | 1.40% | 2.02% | 1.04% |
| Return on Capital Employed (ROCE) | 3.10% | 2.70% | -0.50% | 1.20% | 1.60% | 2.80% |
| Earnings Yield | -30.79% | -32.76% | -44.68% | -26.67% | 89.33% | 5.61% |
| FCF Yield | 42.52% | 28.25% | 126.79% | 1.56% | -9.69% | 5.61% |
| Dividend Yield | 5.10% | 3.07% | 1.98% | 0.91% | ||
| Payout Ratio | 2.36% | 17.39% | ||||
| Buyback Yield / Dilution | -4.98% | 1.40% | 2.83% | 1.12% | -1.40% | 1.79% |
| Total Shareholder Return | -4.98% | 1.40% | 7.94% | 4.19% | 0.57% | 2.71% |