Televisa’s Profit Beats Estimates on Pay-TV Subscriber Gains
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Grupo Televisa SAB’s profit topped analysts’ estimates as its gains in Mexico’s satellite and cable-television viewers helped offset government regulations that limited the broadcaster’s advertising growth.
Operating profit rose 11 percent to 9.45 billion pesos ($630 million) in the fourth quarter, leaving out depreciation and amortization, the company reported Thursday in a statement. That beat the 9 billion-peso average of analysts’ estimates compiled by Bloomberg. Telecommunications sales increased 35 percent to 6.2 billion pesos.