Grupo Televisa Reports Q2 Earnings and Telecom Progress
In its second-quarter earnings call for 2026, Grupo Televisa highlighted continued progress in its telecom operations. Internet subscribers increased for the fifth consecutive quarter with churn remaining below 2%—the lowest level in ten quarters. The company's Cable and Sky segment saw a 5% rise in operating income to MXN 6 billion as margins expanded due to cost reductions and fiber upgrades. Televisa is accelerating its fiber-to-the-home rollout, having upgraded over 1.5 million homes during the quarter with plans for another 8 million upgrades within the next year. The company aims for a fully fiber-based network by mid-2027. TelevisaUnivision experienced strong growth in Mexico due to World Cup-related activity, though its U.S. business saw an 11% revenue decline. Telecom operating expenses have dropped significantly over three years despite inflation and minimum wage increases. Residential net revenue rose for the first time in two-and-a-half years while enterprise revenue showed modest gains.
Topics: fiber rollout Q2 earnings subscriber growth World Cup impact