Televisa Reports In-Line 3Q; Broadband Penetration Continues to Increase
Grupo Televisa posted an in-line third quarter as revenue and EBITDA met consensus projections. The company continues to gain traction in broadband, both with fixed line and a fixed wireless solution with AT&T. Ad revenue grew year over year for the third consecutive quarter, providing more evidence that the switch of the advertising sales model to a U.S.-style structure is working. We will wait for a few more quarters of growth before anointing the change as a success. We are maintaining ou...
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