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Mexico's Televisa swings to net loss in third quarter

2023-10-27 05:23
MEXICO CITY Mexico's largest broadcaster Televisa on Thursday posted a 4.8% dip in third-quarter revenues that swung its
Mexico's Televisa swings to net loss in third quarter

MEXICO CITY Mexico's largest broadcaster Televisa on Thursday posted a 4.8% dip in third-quarter revenues that swung its earnings into a net loss.

Televisa, whose share price suffered last week as traders predicted more troubles for its cable and satellite units, reported a net loss of 918.5 million pesos, compared to a profit of 1.12 billion pesos a year earlier.

(Reporting by Brendan O'Boyle; editing by Cassandra Garrison)