Grupo Televisa Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Grupo Televisa (BMV:TLEVISACPO) Second Quarter 2024 Results

Key Financial Results

• Revenue: Mex$15.7b (down 15% from 2Q 2023).
• Net loss: Mex$25.6m (down by 119% from Mex$133.5m profit in 2Q 2023).
• Mex$0.01 loss per share (down from Mex$0.05 profit in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Grupo Televisa EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 4.4%. Earnings per share (EPS) exceeded analyst estimates by 95%.

Looking ahead, revenue is expected to decline by 2.0% p.a. on average during the next 3 years, while revenues in the Global Media industry are expected to grow by 4.2%.

Performance of the market in Mexico.

The company's shares are down 5.1% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Grupo Televisa (1 is concerning!) that you need to be mindful of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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