MEXICO CITY, April 28 (Reuters) - Mexican broadcaster Grupo Televisa, the world's largest producer of Spanish-language content, on Tuesday posted a first-quarter net profit that more than tripled from a year earlier, as it expanded margins despite shrinking revenues.
Televisa, which broadcasts popular shows such as Mexican soap opera "La Rosa de Guadalupe", reported a net profit of 1.03 billion pesos (around $57 million) for the first three months of 2026, versus 319.8 million pesos a year earlier.
Revenues meanwhile shrunk 3.1% to 14.51 billion pesos (around $809.5 million), narrowly surpassing the $808.9 million dollar-denominated estimate of analysts polled by LSEG, while the bottom line far surpassed their $1.9 million forecast.
The company attributed the lower revenues to a slump in its satellite segment, which broadcasts exclusive content such as sports and concerts. Operating profits however expanded as it spent less on corporate expenses and taxes.
It also benefited from more income tied to a bigger stake in its combined company with U.S. Spanish-language network Univision, now at 44.3% from a prior 43.2%.
Through the joint company, Televisa plans to broadcast around a third of FIFA World Cup matches on open TV and the remainder on its ViX Premium streaming service.
($1 = 17.9252 Mexican pesos at end-March)
(Reporting by Sarah Morland, Editing by Natalia Siniawski)
