Televisa Groupthe Mexican media giant, reported that your operational flow (EBITDA, for its acronym in English) added 7 thousand 991 million pesos in the first quarter of 2024, a growth of 25.7 percent compared to the 6,360 million pesos that the company reached in the same period of 2023.
The company owned by Emilio Azcárraga He detailed that he will continue to strengthen his different business divisions to continue maintaining the company’s profitability.
“The company intends to continue strengthening its position in their businesses (Cable business, Sky, and the DTH platform) and continue to grow by continuing to make additional investments, which can be substantial in size, maintaining profitability and financial discipline,” the issuer said in its financial report issued to the Mexican Stock Exchange (BMV) this Thursday, April 25.
Why did Televisa increase its income in the first quarter of 2024?
Added to this positive result, the television station led by Alfonso of Angoitia and Bernardo Gomez He detailed that, from January to March, it reached revenues of 15,951 million pesos,
These revenues were mainly driven by your broadband serviceswhere they added 10,700 new clients, while in the mobile broadband segment10,100 new clients were added
Grupo Televisa added that in the first quarter of 2024, it achieved a net profit of 951 million pesos, which will allow the company invest in new businesses.
“The company intends to continue analyzing opportunities in order to expand its businesses, developing new business initiatives and/or through acquisitions and investments,” he explained.
It was during the first three months of 2024 that the largest Spanish-speaking audiovisual content production company concluded the spin-off of its Other Business segment (which includes Club América, Azteca StadiumPlayCity, Editorial Televisa and Intermex), an operation that allowed increasing the independence and flexibility of both companies in order to focus their resources on improving and strengthening the position of their businesses in the industries they participate.
