Televisa Reports Significant Q2 Loss, Revenue Decline

Mexico's largest broadcaster, Televisa, reported a net loss of 25.6 million pesos in Q2, compared to a profit of 133.5 million pesos in the same period last year. The company's revenues fell to 15.72 billion pesos, a 5.8% decline year-on-year.

Mexico's largest broadcaster Televisa reported a net loss of 25.6 million pesos for the second quarter of this year. This marks a significant downturn from the 133.5 million peso net profit recorded during the same period in the previous year.

Furthermore, the company saw its revenues decrease by 5.8% year-on-year, bringing the total to 15.72 billion pesos.

The financial results highlight the challenges Televisa is facing in the current economic climate, with notable declines in both profit and revenue.

(With inputs from agencies.)