Grupo Televisa S.A. - TV STOCK NEWS

TelevisaUnivision has officially launched as a leading Spanish-language media company following the merger of Univision and Televisa's content business on January 31, 2022. In Q1 2022, the company reported a consolidated revenue growth of 12.2%, reaching $1,005 million, with advertising revenue increasing 12.0% and subscription revenue up 14.3%. The strong performance in both the U.S. and Mexico was highlighted by Univision's 23% primetime growth, marking it the fastest-growing media company in the U.S. Adjusted OIBDA rose 6.7%, driven by investments in streaming.

TelevisaUnivision reported strong financial results for Q4 and full year 2021, with revenue growth of 11.8% year-over-year. Advertising revenue surged 22.0% over the previous year, while core advertising rose 28.0%. The company's adjusted OIBDA increased 5.0%. However, a loss from continuing operations of $2.4 million was noted, despite a significant recovery from a $39.1 million loss in Q4 2020. The merger with Televisa positioned the company as a leader in Spanish-language content, reaching over 100 million Spanish speakers daily.

On February 1, 2022, Grupo Televisa and Univision announced the completion of their transaction, resulting in the formation of TelevisaUnivision, the world's leading Spanish-language media company. This merger combines Televisa's extensive content assets with Univision's U.S. operations, creating a powerhouse that reaches over 100 million Spanish speakers daily. The companies aim to launch a new global streaming service in 2022, featuring the largest library of original Spanish-language content. This transaction enhances advertising revenue, with Univision's revenue increasing by 32.6% and Televisa's by 24% in 2021.

Grupo Televisa, S.A.B and Univision Holdings II, Inc. have completed a significant merger to form TelevisaUnivision, Inc., creating the leading Spanish-language media and content company globally. The merger combines extensive assets from both companies, reaching over 100 million Spanish speakers daily across various platforms. TelevisaUnivision aims to launch a premier streaming service in 2022, featuring a vast library of original Spanish-language content. With major investors like SoftBank and Google backing the company, its potential within the global Spanish-speaking market remains robust.

Live Nation Entertainment (NYSE: LYV) has completed the acquisition of a 51% controlling interest in OCESA Entretenimiento, a major live event promoter in Latin America, for MXN$8,835 million. This deal enhances Live Nation's operations in Latin America, allowing for better artist services and expanding its live entertainment platform. OCESA hosts thousands of events annually and manages Ticketmaster Mexico, selling approximately 20 million tickets each year. Live Nation anticipates growth in the region and increased ticket sales, with over 22 million tickets sold for 2022 concerts as of mid-October.

Live Nation Entertainment (NYSE: LYV) has resumed its acquisition of a 51% stake in OCESA Entretenimiento, a major Latin American promoter, for approximately USD$444 million. This deal, initially announced in July 2019 but delayed due to the pandemic, is expected to close by late 2021 or early 2022, pending regulatory approval. OCESA, which promotes over 3,100 events annually across Mexico and Colombia, enhances Live Nation's global platform, supporting artists and boosting ticket sales and attendance as live events return.

Grupo Televisa, S.A.B. (NYSE:TV) has filed its Form 20-F and Annual Report with the SEC and Mexican Stock Exchange. Shareholders can request free printed copies. The Board of Directors comprises members from various series, including Emilio F. Azcárraga Jean as Chairman. Additionally, an Extraordinary Shareholders' Meeting approved the cancellation of 44,215,692 Ordinary Participation Certificates, leading to a capital stock reduction. The company advises caution regarding forward-looking statements due to uncertainties related to COVID-19.

Grupo Televisa, S.A.B. (NYSE: TV) reported its 2020 financial results, highlighting a net loss of Ps.892.3 million versus a net income of Ps.4,626.1 million in 2019. Total net sales decreased by 4.3% to Ps.97,361.6 million. However, Cable segment revenue increased 8.8% to Ps.45,367.1 million, while Sky saw a revenue growth of 3.7%. The company maintained a solid cash position of U.S.$1.8 billion and a net debt leverage ratio of 2.5. Their dividend proposed is Ps.0.35 per CPO, pending shareholder approval.

On February 4, 2021, Grupo Televisa, S.A.B. announced its commitment to the Science Based Targets initiative (SBTi), joining over 1,000 companies in setting science-based emissions reduction targets. This initiative aims to facilitate climate action in the private sector. Televisa is focused on reducing greenhouse gas emissions and enhancing renewable energy programs to support Mexico's clean energy goals and the United Nations' Sustainable Development Goal 7 for sustainable energy access.