Grupo Televisa S.A.B. filings document a Mexican foreign private issuer with telecommunications operations centered on a Telecom segment that combines Cable and Sky activities. Form 6-K reports and annual Form 20-F materials disclose IFRS financial statements, management commentary, residential, satellite and enterprise revenue categories, network investment, subscriber metrics, operating segment income, cash flow, credits, derivatives and foreign-currency positions.
The filings also cover Televisa's government concessions for broadcast signals, its ownership position in TelevisaUnivision, credit rating actions, debt and capital-structure disclosures, shareholder meeting materials, board composition, securities ownership notices and Mexican market communications related to trading activity.
Grupo Televisa reported first-quarter 2026 revenue of Ps.14,512.5 million, down 3.1% from 1Q25 as weakness in Satellite services outweighed growth elsewhere. Residential revenue edged up 0.9% to Ps.10,611.9 million, while Enterprise revenue rose 30.0% to Ps.1,284.7 million, but Satellite revenue fell 24.6% to Ps.2,615.9 million amid significant RGU losses.
Profitability improved strongly. Operating segment income increased 5.2% to Ps.6,001.2 million, lifting margin to 41.4% from 38.1%, helped by efficiency and lower corporate expenses. Net income attributable to stockholders jumped to Ps.1,031.9 million from Ps.319.8 million, supported by a Ps.1,247.9 million rise in share of income from associates and joint ventures, mainly TelevisaUnivision, and lower other expense and taxes, partially offset by a Ps.1,208.9 million increase in finance expense, net.
GRUPO TELEVISA, S.A.B. director Jon Feltheimer reported both option exercises and a small share sale in Global Depositary Shares (GDSs). He sold 8,900 GDSs in an open‑market transaction at $2.88 per GDS and exercised derivatives covering 55,500 GDSs at $0.46 per GDS, plus an additional 55,500 GDSs through a Stock Purchase Plan for Directors. After these transactions, he holds 810,965 GDSs directly and 55,500 GDSs indirectly through the Stock Purchase Plan.
GRUPO TELEVISA, S.A.B. director David Zaslav reported a mix of sales and option exercises in the company’s Global Depositary Shares (GDSs). On April 30, 2026, he sold 8,900 GDSs in an open-market transaction at $2.88 per GDS, leaving 46,600 GDSs held directly.
On the same date, he exercised derivative securities for a total of 111,000 GDSs at an exercise price of $0.46 per GDS, split between direct holdings and a Stock Purchase Plan. One block of 55,500 GDSs is held indirectly through the plan, where a trust will sell some GDSs at Ps.8.00 per GDS to cover the purchase price and deliver the remainder to him.
Grupo Televisa, S.A.B. filed its Form 20-F with the U.S. securities regulator and its Annual Report with the Mexican Stock Exchange and the Mexican Banking and Securities Commission. The company also published its Annual Report to shareholders, which is available on its corporate website, with printed copies available free of charge on request.
Televisa describes itself as a major telecommunications company in Mexico, operating significant cable networks and a leading direct-to-home satellite pay television system that provide integrated data, video, mobile, and voice services. It also holds broadcasting concessions and is the largest shareholder of TelevisaUnivision, a media company producing and distributing Spanish-language content across multiple countries and platforms.
Grupo Televisa, S.A.B. filed its Form 20‑F annual report detailing 2025 results, capital structure and extensive Mexico-related risk factors.
For 2025, revenues were U.S.$3,268 million (Ps.58,878 million) and the company recorded a net loss of U.S.$496 million from continuing operations. Cash and short‑term investments totaled U.S.$2,165 million, against long‑term debt of U.S.$4,566 million and current debt of U.S.$207 million. Capital expenditures reached U.S.$676 million.
Televisa reports 311,115 million shares outstanding as of December 31, 2025, continues an ordinary dividend policy of Ps.0.35 per CPO with 2025 approval of up to Ps.1,019.0 million, but the Board did not propose a 2026 dividend to prioritize telecom opportunities and deleveraging. The filing also highlights significant regulatory changes in Mexican telecom and antitrust regimes and detailed macroeconomic, political, labor and cybersecurity risks.
Grupo Televisa reported mixed first-quarter 2026 results. Telecom revenues fell 3.1% to Ps.14,512.5 million, as a 24.6% drop in Satellite Services more than offset modest growth of 0.9% in Residential and a strong 30.0% increase in Enterprise revenues.
Profitability improved sharply. Operating segment income rose 5.2% to Ps.6,001.2 million, lifting margin to 41.4% from 38.1% thanks to efficiency measures and lower corporate and other expenses. Net income attributable to stockholders jumped to Ps.1,031.9 million from Ps.319.8 million, helped by higher income from associates, especially TelevisaUnivision, and lower income taxes.
Finance expense, net, increased to Ps.(1,637.6) million, largely due to a loss in the fair value of derivatives and lower interest income. Televisa invested U.S.$141.9 million in capital expenditures and modestly reduced total debt and lease liabilities to Ps.88,557.8 million while maintaining a sizable cash and investment position.
Grupo Televisa director Denise Maerker Salmon exercised derivative awards for 565,084 CPOs at $0.09 per CPO and then sold the same 565,084 CPOs at a volume‑weighted average price of $0.58 on March 27, 2026, leaving no CPO holdings reported after these transactions.
Grupo Televisa’s major shareholder Emilio Fernando Azcárraga Jean reports beneficial ownership of 67,417,116,707 Shares, representing 19.8% of the company’s share capital across Series A, B, Dividend Preferred (D) and Series L shares.
On April 1, 2026, he completed the sale of certain Acquired Shares to AAN and BGM for Ps. 1,926,303,610 in cash under a previously signed Transaction Agreement. A large portion of his holdings carries Special Voting Rights tied to that agreement, indicating continued significant influence over the company’s voting power despite the sale.
Grupo Televisa, S.A.B. shareholder Bernardo Gomez Martinez filed an amended Schedule 13D reporting beneficial ownership of 18,226,505,907 Shares, representing 5.35% of the outstanding equity across several share classes.
The position includes 14,247,435,527 A Shares, 951,516,830 B Shares, 1,513,776,775 D Shares and 1,513,776,775 L Shares, based on outstanding figures as of March 31, 2025. On April 1, 2026, he completed the acquisition of the referenced Shares for cash consideration of Ps. 963,151,805 pursuant to a Transaction Agreement.
Alfonso de Angoitia Noriega, a major shareholder of Grupo Televisa, S.A.B., filed an amended Schedule 13D after completing a cash acquisition of additional shares on April 1, 2026.
He now beneficially owns 18,212,604,435 Shares, representing 5.35% of the outstanding share capital. This includes 14,244,465,127 A Shares (12.0% of A Shares), 948,902,878 B Shares (1.7% of B Shares), 1,509,618,215 D Shares (1.8% of D Shares) and 1,509,618,215 L Shares (1.8% of L Shares), based on the issuer’s reported outstanding amounts as of March 31, 2025.
The acquisition of the “Acquired Shares” was completed for available cash on hand totaling Ps. 963,151,805 under a Transaction Agreement. Televisa’s Shares trade in Mexico through certificados de participacion ordinarios (CPOs) and in the U.S. through global depositary shares.