GlobalTelevisa accumulates a 53% loss in its shares

Televisa accumulates a 53% loss in its shares

Mexico City.- In the last three months, Televisa shares on the Mexican Stock Exchange (BMV) accumulated a loss of 53.33 percent, going from 17.72 pesos to 8.27 pesos per share.

In October alone, the value of its shares fell 25.31 percent, which meant that it was the fourth company in the sample of the main stock market index, the S&P/BMV IPC, with the greatest losses.

Sales in recent days were encouraged by Televisa’s report corresponding to the third quarter of the year, in which it recorded a loss of 919 million pesos and a drop in its operating flow of 16 percent, to 5,467 million pesos. .

The largest producer of audiovisual content in Spanish has faced extensive competition with paid content for years, which intensified during the Covid-19 pandemic, when video streaming platforms such as Netflix, Disney+, HBO Max, Amazon Prime , among others, displaced it from the market.

Jorge Bravo, president of the Mexican Association of the Right to Information (Amedi), said that the constant fall in the value of Televisa shares reflects the loss of weight of open television among the public.

In addition, he stated, advertising, content, audience and consumption of traditional television is falling, heading to online platforms.

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