Grupo Televisa SAB: TLEVISA, Quarterly Report 1Q21: Advertising virtually at pre-pandemic levels

  • Tlevisa's report confirms a strong recovery in Advertising sales, while Pay TV maintained a favorable performance

  • Content's cost and expense reduction plan boosted profitability, while focus will continue on the merger with Univision

  • Assuming a higher value for Televisa-Univision, we raised our PT to $61.00. While we reiterate our BUY rating

Subscribe to read this report

You can read this report by subscribing to a Starter or Pro plan today.

Already have an account? Log in


Access to recommendations is a Pro feature.


This publication is being distributed by Tellimer solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.

This publication is not intended for distribution to, or use by, any person or entity in any jurisdiction in any country where such distribution or use would be contrary to law or regulation, or which would subject Tellimer to any registration requirement within such jurisdiction or country.

This research is produced by a third party. The Tellimer team has had no editorial input into the content of the note.