Earnings Report /
MexicoGrupo 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
Valentin III Mendoza Balderas
Senior Equity Research Analyst, Consumer & Telecoms @ Banorte
Juan Barbier
Equity Research Analyst @ Banorte
5 May 2021
Published byBanorte
