Grupo Televisa's Sky adds 140k subscribers Y-o-Y to end 1Q09Thursday, April 30th, 2009
MEXICO CITY, D.F. — Grupo Televisa, S.A.B. (NYSE:TV; BMV: TLEVISA CPO), today announced results for first quarter 2009.
First-quarter sales increased 10.8% to Ps.2,416.8 million compared with Ps.2,180.6 million in first quarter 2008, reflecting i) an increase in its subscriber base, closing the quarter with 123,000 subscribers in Central America; and ii) higher advertising revenue. The number of gross active subscribers increased to 1,784,608 (including 133,435 commercial subscribers) as of March 31, 2009, compared with 1,642,923 (including 114,855 commercial subscribers) as of March 31, 2008.
Cable and Telecom
First-quarter sales increased 110.3% to Ps.2,214 million compared with Ps.1,052.8 million in 2008. This increase was attributable to i) a 19.9% increase in sales of Cablevision, driven mainly by a 19.9% increase in revenue generating units (RGUs); ii) the consolidation of Cablemás starting June 2008, which represented incremental revenue of Ps.899 million for first quarter 2009; and iii) the growth in Bestel’s sales by Ps.131.8 million to Ps.528.9 million.
Breakdown of subscribers (1Q 2009):
Cablevisión Cablemás ----------- -------- Video 594,407 874,696
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