The following is a summary of the Grupo Televisa, S.A.B. (TV) Q4 2023 Earnings Call Transcript:
Financial Performance:
Grupo Televisa reported a full-year consolidated revenue of Ps.73.8 billion, a 2.3% year-on-year decline. Q4 showed a 3.8% year-on-year decrease, reaching Ps.18.4 billion.
The operating segment income for 2023 was Ps.26.5 billion, decreasing by 5.4% year-on-year.
TelevisaUnivision's consolidated subscription and licencing revenue experienced an 8% year-on-year growth, with its full year revenue reaching $4.9 billion.
Business Progress:
A shift in operational focus occurred towards generating free cash flow and enhancing the returns on invested capital.
Sky introduced innovative products like 'Sky Plus' which have been gaining market traction.
TelevisaUnivision's direct-to-consumer business reported 7 million subscribers on a premium SVOD tier and launched ViX, showing promising revenue generation.
No debt maturities for TelevisaUnivision until March 2026 and refinanced $1.5 billion plus additional $341 million of debt during 2023 and January 2024.
The company's strategy emphasizes customer retention, sales quality, ARPU maximization, and enhanced video offerings, positioning it for stabilizing and growing revenue from 2024 onwards.
A three-stage business transformation is in process: strengthening the core business and moving towards digitalization. Sky launched its new platform Sky Más and Sky Internet in partnership with IZZI.
More details: Grupo Televisa IR
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