Grupo Televisa results for second-quarter 2016

Tuesday, July 5th, 2016 
Televisa logo

MEXICO CITY — Grupo Televisa, S.A.B. (NYSE:TV; BMV: TLEVISA CPO; “Televisa” or “the Company”), today announced results for second-quarter 2016. The results have been prepared in accordance with International Financial Reporting Standards (“IFRS”).

Sky

Sky Second-quarter sales increased by 18.1% to Ps.5,580.7 million compared with Ps.4,724.5 million in second-quarter 2015. The increase was driven by accelerated growth in the subscriber base in Mexico. The number of net active subscribers increased by 121,235 during the quarter to 7,803,614 as of June 30, 2016, compared with 6,887,428 as of June 30, 2015. Sky ended the quarter with 201,356 subscribers in Central America and the Dominican Republic.

For the first six months of the year, Sky added 519,452 net subscribers, more than double the 249,396 net subscribers added in the first six months of 2015.

Cable

Second-quarter sales increased by 12.9% to Ps.7,802.1 million compared with Ps.6,909.7 million in second-quarter 2015 driven by growth in all of our cable platforms. Voice and data revenue generating units, or RGUs, grew 28.6% and 18.5% compared with second-quarter 2015, respectively, and video RGUs grew 7.7%.

The following table sets forth the breakdown of RGUs per service type for our Cable segment as of June 30, 2016 and 2015.

RGUs            2Q’16      2Q’15
----------  ---------  ---------
Video       4,219,906  3,916,512
Broadband   3,258,061  2,748,401
Voice       2,051,434  1,595,761
----------  ---------  ---------
Total RGUs  9,529,401  8,260,674