Televisa reports 10 per cent increase in revenue

MUMBAI: Grupo Televisa reported a 10.2-per cent increase in revenues in the second quarter to Ps. 12.7 billion ($946.3 million), delivering a net profit of Ps.1.8 billion ($135 million), down less than 1 per cent on the year-ago period.

Television broadcasting revenues, which account for almost 41 percent of net sales, were flat at Ps. 5.3 billion, with an operating income of Ps. 2.7 billion. The pay-TV networks, meanwhile, boosted revenues by 35.7 per cent to Ps. 698.6 million, while operating income gained 40.2 per cent to Ps. 462.5 million. Programming exports also increased, by 11.8 per cent to Ps. 638.5 million, delivering a segment profit of Ps. 294.3 million, reflecting an 11.1-per cent increase. The satellite business Sky delivered a 7.5-percent revenue hike to Rs. 2.4 billion, but profit was flat at Ps. 1.1 billion. The cable and telecom segment recorded the biggest gain, of 55 per cent to Ps. 2.2 billion, with an operating income that gained 67.5 per cent to Ps. 753.6 million.