Televisa (Neutral, TP: $2.3, -3%) Better broadband KPIs and nice EPS beat but weak MSO and Sky still a drag
Televisa has reported a mixed set of Q2 results after the close yesterday. Revenue came in slightly below consensus expectations while OSI came in roughly in line. The small revenue miss was driven by Sky which saw a further deterioration in trends this quarter. EPS beat nicely, mainly driven by TVUNI which posted a better quarter. Perhaps the highlight this quarter is the Broadband net adds which were positive (+6k).
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