Grupo Televisa reported strong operational improvements in Q3 2025, highlighted by efficient cost management and an increasing subscriber base across its services, culminating in robust free cash flow generation.

• Internet subscriber growth in cable continued, with a notable increase in net broadband adds, driving a churn rate below historical averages.
• Consolidated operating segment income margin expanded by 100 bps to 38.2%, supported by a year-on-year operating expense reduction of approximately 7%.
• Free cash flow generation reached MXN 4.2 billion, allowing for improved debt management and a reduction in leverage ratio to 2.1x EBITDA.
• TelevisaUnivision successfully executed efficiency measures, realizing $300 million in operating expense savings, contributing to a lower leverage of 5.5x EBITDA.
• The launch of a multiyear partnership with Formula 1 is expected to enhance viewer engagement and boost subscriber growth through exclusive live coverage.