Grupo Televisa S.A.B. (TV) Stock Price & How to Invest

Grupo Televisa, S.A.B. is a Mexican telecommunications and media company that trades in the United States as an NYSE-listed ADR under the ticker TV. Its core operating business is now a single Telecom segment that combines the Izzi cable operation (broadband, video and voice to nearly 20 million homes passed) and the Sky satellite pay-TV business, reported across Residential, Satellite and Enterprise revenue lines. Beyond the consolidated telecom operation, Televisa holds a roughly 45% stake in TelevisaUnivision, the Spanish-language media group formed when Televisa sold its content and broadcasting assets to Univision in 2022, which owns the fast-growing ViX streaming service.

The investment picture is a turnaround and deleveraging story. In Q1 2026 revenue slipped about 3% year over year as satellite subscriber losses outweighed growth in fiber broadband and enterprise, yet operating margin expanded to roughly 41% and net income jumped sharply, helped by a larger contribution from TelevisaUnivision and lower corporate expenses. Management has prioritized cost synergies from integrating Cable and Sky, faster debt reduction, and buying out minority stakes, and it suspended the annual dividend to preserve cash. The second quarter of 2026 followed the same revenue pattern, with revenue of about Ps.14.3 billion down roughly 3% year over year, but the bottom line swung back to a net loss of about Ps.497 million, well short of what analysts expected, and the trailing twelve-month net loss stands near Ps.9.4 billion. On October 13, 2026 AT&T agreed to sell AT&T Mexico to a 50-50 joint venture of Grupo Televisa and Fintech Holdings, the investment firm led by David Martinez, for $2 billion in cash plus additional contractual and contingent benefits. The deal, expected to close in the first quarter of 2027 subject to regulatory approval, would let Televisa sell mobile service alongside its broadband, pay-TV and landline products and compete more directly with America Movil's Telcel; the ADRs rose about 3% after hours on the news. As of October 16, 2026 the ADR traded near $2.41, down about 19% year to date and roughly flat over one year, for a market capitalization near $1.3 billion. The equity is small relative to the size of the operating footprint because of heavy debt (about Ps.87.8 billion against Ps.41.8 billion of cash), competitive pressure and the fact that much of the media upside sits inside a non-controlled associate. Third-quarter results are due October 29, 2026.

Grupo Televisa carries significant debt, and rising finance expense can absorb operating gains, as seen in recent quarters. The satellite business is in structural decline with heavy subscriber losses, and Mexican broadband is intensely competitive against America Movil (Telmex), Megacable and Totalplay, which limits pricing power. A large part of the media upside sits inside TelevisaUnivision, a non-controlled associate whose performance and any future monetization are outside Televisa's direct control. As a foreign ADR, holders also face Mexican peso currency risk, foreign withholding and disclosure differences, plus family-controlled governance through a dual-class structure. The suspended dividend removes an income component that some prior holders valued. The pending AT&T Mexico purchase adds execution and regulatory risk: the joint venture must win approval, take over a business that lost money competing against Telcel under its previous owner, and fund the network investment mobile requires while Televisa is trying to cut debt. Earnings have also been volatile, with the second quarter of 2026 swinging to a net loss after a profitable first quarter.

7 analysts publish price targets on TV, averaging $3.91 against a $2.47 price as of October 2026, or +58.3%. The published targets run from $2.47 to $9.93, a wide spread, and the ratings split 3 buy, 6 hold, 0 sell. Over the last six months there has been 1 raise and 2 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full TV forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on Grupo Televisa S.A.B.. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. Cable and Sky integration synergies. Televisa combined its Izzi cable and Sky satellite operations into one Telecom segment in late 2025, targeting cost efficiencies across programming, sales commissions, technology, finance and marketing. The most optimistic published target, $9.93, assumes this works close to its best case.

The case against. Grupo Televisa carries significant debt, and rising finance expense can absorb operating gains, as seen in recent quarters. The most pessimistic target, $2.47, is roughly what TV is worth if this bites instead.

Read the full bull and bear case on TV, including what would have to change to break either one. Walnut is not an investment adviser.

No. Grupo Televisa S.A.B. (TV) has not split its stock in the last 10 years. That is a statement about the window we check rather than about the company’s entire history, so an older split is possible. It also matters less than it once did: fractional shares mean a high price per share no longer keeps smaller investors out, which removed most of the practical reason to split.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Grupo Televisa S.A.B.'s investor relations page or your broker.

• Market cap: ~$1.3B
• Q2 2026 revenue: ~Ps.14.3B (down ~3% YoY)
• Revenue (TTM): ~Ps.58.0B
• Net income (TTM): ~Ps.-9.4B (Q2 2026: ~Ps.-0.5B)
• Debt / cash: ~Ps.87.8B / ~Ps.41.8B
• Forward P/E / EV-to-EBITDA: ~17x / ~2.6x
• TelevisaUnivision stake: ~45%
• Regular dividend: Suspended for 2026

Televisa is a large operating telecom and media company whose small equity market capitalization (near $1.3 billion at the October 16, 2026 price of about $2.41) is explained by heavy debt and by the fact that much of the media value sits in a minority stake; on enterprise value the company trades near 2.6 times EBITDA. Quarterly revenue is reported in Mexican pesos, so peso-to-dollar moves affect ADR results. Figures are approximate and drawn from the Q2 2026 report and market data as of mid-October 2026, before the October 29 third-quarter report.

Other names that sit close to TV: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get TV exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic portfolio, so TV sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where TV fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

TV gives US investors ADR access to Mexico's largest pay-TV and broadband operator plus a large minority stake in TelevisaUnivision, wrapped in a debt-reduction and cost-synergy turnaround, and now a pending move into mobile through the planned joint-venture purchase of AT&T Mexico, expected to close in the first quarter of 2027.

Whether TV is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is TV a buy or a sell?, and where the stock could go from here in the TV stock forecast.

For income investors, whether TV pays a dividend and how the payout looks is covered in does TV pay a dividend? And to weigh TV against a peer, read the full side-by-side comparisons: TV vs AMX and TV vs NFLX.