Grupo Televisa, S.A.B. (Mexico)

Grupo Televisa, S.A.B., incorporated on December 19, 1990, is headquartered in Mexico City, Mexico, and operates as one of the largest telecommunications and media corporations in the Spanish-speaking world. The company focuses on cable services through Izzi, direct-to-home satellite television via Sky, and holds a majority stake in TelevisaUnivision, a global leader in Spanish-language content production and distribution. Its portfolio includes iconic brands and channels such as Las Estrellas, Canal 5, TUDN, Telehit, and Izzi, alongside publishing activities under Editorial Televisa and digital platforms reaching millions of users. Ownership is diversified among institutional investors and individuals, with significant influence retained by the Azcárraga family, while major institutional holders include Dodge & Cox, JPMorgan, and GAMCO Investors. In 2024, Televisa reported consolidated revenues of approximately Ps. 61.6 billion, with an Operating Segment Income margin of 36.9% and an Operating Cash Flow margin of 22.7%, supported by efficiency measures and cost optimization; however, revenues declined by 6% year-on-year due to contraction in Sky operations. By 2025, the company continued its strategic focus on expanding fiber-to-the-home coverage, growing high-value broadband subscribers, and strengthening its mobile virtual network services, while leveraging its content leadership through TelevisaUnivision to maintain global reach. From its origins in the 1930s as a pioneer in Mexican broadcasting and its consolidation in 1973 through the merger of Telesistema Mexicano and Televisión Independiente de México, Televisa has evolved into a key player in telecommunications and entertainment, shaping Spanish-language media for decades.