Grupo Televisa, S.A.B. filed a Form 6-K with the SEC for the month of October 2026, disclosing third-quarter 2026 financial results for the period ended September 30, 2026.

Key Highlights

  • Revenue declined 3.8%: Consolidated revenues fell to Ps.14,077.7 million in Q3 2026, from Ps.14,627.0 million in Q3 2025, according to the filing.
  • OSI margin reached 42.6%: Operating segment income rose 5.6% to Ps.5,996.0 million, with margin expanding approximately 380 basis points year-on-year.
  • Net income attributable to stockholders: The company reported Ps.882.7 million in net income attributable to stockholders in Q3 2026, compared with a net loss of Ps.1,932.5 million in Q3 2025.
  • Broadband subscribers at 5.7 million: Residential broadband subscribers totaled 5,716,184, with 8,639 net additions during the quarter.
  • Mobile subscribers reached 888,314: Mobile net additions were 68,364 for the quarter, driven by the company's MVNO operations.
  • Satellite Services revenue fell 20.5%: Satellite revenue declined to Ps.2,363.9 million from Ps.2,974.9 million, driven by a year-on-year decrease in RGUs.
  • FTTH upgrades exceeded 1.3 million homes: The company reported upgrading over 1.3 million homes to fiber-to-the-home during the quarter, passing over 20.1 million homes within its network.

Grupo Televisa Q3 2026 Telecom Results: Margin Gains Offset Revenue Pressure

Grupo Televisa, S.A.B. (NYSE:TV; BMV: TLEVISA CPO) reported consolidated revenues of Ps.14,077.7 million for the quarter ended September 30, 2026, a 3.8% decrease compared with Ps.14,627.0 million in the same period of 2025, according to the filing. The company attributed the revenue decline primarily to weakness in Satellite Services, which was partially offset by growth in Enterprise Services. Results were prepared in accordance with International Financial Reporting Standards ("IFRS Accounting Standards"), the filing noted.

Operating segment income increased 5.6% to Ps.5,996.0 million from Ps.5,677.1 million in Q3 2025, producing a 42.6% OSI margin. The filing described this as an approximately 380 basis point year-on-year expansion, attributed to "efficiency measures and Opex reductions that have been implemented over the last several quarters." The filing also disclosed an OCF margin of 21.3%, characterizing it as "solid, despite the upgrade of our network to fiber-to-the-home." Income before income taxes, however, decreased by Ps.162.9 million, or 14.9%, to Ps.933.5 million in Q3 2026 from Ps.1,096.4 million in Q3 2025.

Within the Residential segment, total net RGU additions for the quarter were 125,126, driven by gains of 96,212 voice subscribers, 68,364 mobile subscribers, and 8,639 broadband subscribers, partially offset by a loss of 48,089 video subscribers, per the filing. Enterprise Services revenue grew 6.8% to Ps.1,147.8 million, which the company attributed to "the signing of new projects with the public and private sectors." Satellite Services reported 250,603 net RGU disconnections, with total Satellite RGUs declining to 2,895,984 from 4,055,836 a year earlier. The filing also noted that beginning in the fourth quarter of 2025, Cable and Sky operations were combined into a single reportable segment called Telecom.

What Was Disclosed

Grupo Televisa filed a Form 6-K reporting Q3 2026 results for the period ended September 30, 2026. The filing covered consolidated revenues, operating segment income, net income, and subscriber metrics across Residential, Satellite, and Enterprise revenue lines.