Mexican broadcaster Televisa cuts 2025 investment budget, shares rise

Written by Aida Beliz Fernandez

Mexico Metropolis (Reuters) -The Grupo Televisa, the biggest broadcaster, diminished 2025 capital spending on Wednesday, which led to a discount to $ 600 million from $ 665 million.

Alfonso De Angoitia, CEO of Televisa, stated in a name with analysts that negotiations with suppliers resulted in additional favorable circumstances for the corporate.

“Whereas we anticipate the publication of Capex to be accelerated in the course of the second half of the 12 months, we’re an absence of our Capex finances,” stated Angtelett.

After the decision, the shares within the largest product on this planet elevated in Spanish in Spanish, by growing the beneficial properties of as much as 7.6 %.

Televisa shares elevated by greater than 30 % on an annual foundation, with a revenue on Wednesday alone 820.4 million peso ($ 44.18 million) to the corporate’s market worth.

On Tuesday, the broadcaster reported a web revenue of 474.5 million peso for the second quarter, because it recovered from the lack of Peso 25.6 million a 12 months in the past.

The separation revenue was largely supported by decrease prices, though the subscriptions are low, particularly for the Televisa Satellite tv for pc-TV unit, Sky.

“Through the 12 months 2025, we anticipate the broadcaster to keep up mounted challenges in each cable and sky sectors, however with much less adverse state of affairs by way of inflation and comparable guidelines,” stated Monex analysts.

Sky had about 350,000 lessons and income decreased by 16.3 % in the course of the second quarter, whereas the cable sector recorded a lower in income by 2.5 % on an annual foundation.

The corporate’s complete revenues reached 14.73 billion peso, with 6 % of the identical interval final 12 months. Nevertheless, Angitia added that the revenues remained unchanged when excluding the impression of the low worth of the Mexican Bezo.

The bizo weakened 2.6 % from the top of June final 12 months to the top of June this 12 months.

(1 greenback = 18,5705 Mexican Peso)

(Aida Belaiz Fernandez stories: Extra stories by Nawi Torres; edited by Natalia Senusky, Brendan Obwell, Rod Nickel)