MEXICO CITY, Feb. 22, 2017 /PRNewswire/ -- Grupo
Televisa, S.A.B. (NYSE:TV; BMV: TLEVISA CPO; "Televisa" or the
"Company"), today announced results for the Fourth Quarter and Full
Year 2016. The results have been prepared in accordance with
International Financial Reporting Standards ("IFRS").
Highlights
- Solid growth in consolidated net sales and in operating segment
income of 9.4% and 9.9%, respectively, in the fourth quarter
- Strong growth in advertising revenue of 4.0% during the fourth
quarter, and an increase in advertising customer deposits for 2017
of 8.9%
- Univision royalties reach US$90
million in the fourth quarter, a year-over-year growth of
11.8%
- Sky reaches 8 million subscribers and posts a growth in
full-year revenues of 14.0%
- Cable revenue growth of 11.9% for the full year with a growth
in operating segment income margin of 150 basis points to
41.5%
- Capital expenditures in 2017 expected to come down by
US$500 million, or 33% lower than in
2016
For a full version of this release, please
visit
http://www.televisair.com/en/reports-and-filings/quarterly/2016
About Televisa
Televisa is a leading media company in
the Spanish-speaking world, an important cable operator in
Mexico and an operator of a
leading direct-to-home satellite pay television system in
Mexico. Televisa distributes the
content it produces through several broadcast channels in
Mexico and in over 50 countries
through 26 pay-tv brands, and television networks, cable operators
and over-the-top or "OTT" services. In the United States, Televisa's audiovisual
content is distributed through Univision Communications Inc.
("Univision") the leading media company serving the Hispanic
market. Univision broadcasts Televisa's audiovisual content through
multiple platforms in exchange for a royalty payment. In addition,
Televisa has equity and warrants which upon their exercise would
represent approximately 36% on a fully-diluted, as-converted basis
of the equity capital in Univision Holdings, Inc., the controlling
company of Univision. Televisa's cable business offers integrated
services, including video, high-speed data and voice services to
residential and commercial customers as well as managed services to
domestic and international carriers through five cable Multiple
System Operators in Mexico.
Televisa owns a majority interest in Sky, a leading direct-to-home
satellite pay television system in Mexico, operating also in the Dominican Republic and Central America. Televisa also has interests
in magazine publishing and distribution, radio production and
broadcasting, professional sports and live entertainment,
feature-film production and distribution, and gaming.
Disclaimer
This press release contains forward-looking
statements regarding the Company's results and prospects. Actual
results could differ materially from these statements. The
forward-looking statements in this press release should be read in
conjunction with the factors described in "Item 3. Key Information
– Forward-Looking Statements" in the Company's Annual Report on
Form 20-F, which, among others, could cause actual results to
differ materially from those contained in forward-looking
statements made in this press release and in oral statements made
by authorized officers of the Company. Readers are cautioned not to
place undue reliance on these forward-looking statements, which
speak only as of their dates. The Company undertakes no obligation
to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or
otherwise.
Investor Relations:
Carlos
Madrazo / Tel: (52 55) 5261 2445 /
cmadrazov@televisa.com.mx
Paola Talancón / Tel: (52 55) 5261 2446 /
ptalancon@televisa.com.mx
Media Relations:
Alejandro
Olmos / Tel: (52 55) 5224 6420 / aolmosc@televisa.com.mx
María Eugenia Zurita / Tel: (52 55)
52 24 63 60 / mezurita@televisa.com.mx
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/grupo-televisa-announces-results-for-fourth-quarter-and-full-year-2016-300412251.html
SOURCE Grupo Televisa, S.A.B.