Televisa sales down 3.8% in Q3, profit up 9.1%

Mexico’s Televisa presented its financial results for the third quarter of 2017. The company said its net sales decreased by 3.8% to MX$ 22.8 billion (USD 1.2 billion). This fall was mainly attributable to the drop in advertising revenues. Net income attributable to stockholders of the company grew by 9.1% and reached MX$ 1.1 billion (USD 60.5 million).

In Content segment, third-quarter sales decreased by 7.5% to MX$ 8.0 billion (USD 419 million). Advertising revenue decreased by 8.4% to MX$ 4.9 billion (USD 258 million). In turn, network subscription revenue fell by 17.4% to MX$ 929.7 million (USD 48.5 million). “The decrease was driven mainly by the fact that a competitor is no longer carrying our pay TV networks. This is the last quarter with the difficult comparison”, the company explained in the report.

Sky’s third-quarter sales decreased by 1.1% to MX$ 5.4 billion (USD 284 million). The number of net active subscribers increased by 1,801 during the quarter to 8,014,898 as of September 30, 2017.  Sky ended the quarter with 184,582 subscribers in Central America and the Dominican Republic.

In Cable segment, net sales increased by 2.1% to MX$ 8.3 billion (USD 434.5 million). The company’s cable operators registered 4.12 million video RGUs, 3.6 million broadband RGUs and 2.1 million voice RGUs.