Segment Information (Tables)

12 Months Ended

Dec. 31, 2024

Segment Information

Schedule of information by segment and a reconciliation to consolidated total of continuing operations

Intersegment

Consolidated

Segment

Total Revenues

Revenues

Revenues

Income

2024:

Cable

Ps.

47,393,111

Ps.

166,906

Ps.

47,226,205

Ps.

18,485,611

Sky

15,337,288

302,629

15,034,659

4,672,316

Segment totals

62,730,399

469,535

62,260,864

23,157,927

Reconciliation to consolidated amounts:

Corporate expenses

—

—

—

(756,045)

Intersegment operations

(469,535)

(469,535)

—

(154,990)

Depreciation and amortization expense

—

—

—

(20,510,853)

Consolidated revenues and operating income before other expense

62,260,864

—

62,260,864

1,736,039

⁽¹⁾

Other expense, net

—

—

—

(4,554,900)

Consolidated revenues and operating income

Ps.

62,260,864

Ps.

—

Ps.

62,260,864

Ps.

(2,818,861)

⁽²⁾


					Intersegment			Consolidated			Segment
		Total Revenues			Revenues			Revenues			Income
2023:
Cable		Ps.	48,802,544		Ps.	161,937		Ps.	48,640,607		Ps.	19,299,121
Sky			17,585,175			2,946			17,582,229			5,731,376
Segment totals			66,387,719			164,883			66,222,836			25,030,497
Reconciliation to consolidated amounts:
Corporate expenses			—			—			—			(1,031,223)
Intersegment operations			(164,883)			(164,883)			—			(120,366)
Depreciation and amortization expense			—			—			—			(21,107,312)
Consolidated revenues and operating income before other expense			66,222,836			—			66,222,836			2,771,596	⁽¹⁾
Other expense, net			—			—			—			(913,801)
Consolidated revenues and operating income		Ps.	66,222,836		Ps.	—		Ps.	66,222,836		Ps.	1,857,795	⁽²⁾


					Intersegment			Consolidated			Segment
		Total Revenues			Revenues			Revenues			Income
2022:
Cable		Ps.	48,411,776		Ps.	131,559		Ps.	48,280,217		Ps.	20,505,283
Sky			20,339,038			3,487			20,335,551			6,416,270
Segment totals			68,750,814			135,046			68,615,768			26,921,553
Reconciliation to consolidated amounts:
Corporate expenses			—			—			—			(1,346,469)
Intersegment operations			(135,046)			(135,046)			—			(98,908)
Depreciation and amortization expense			—			—			—			(20,715,260)
Consolidated revenues and operating income before other expense			68,615,768			—			68,615,768			4,760,916	⁽¹⁾
Other expense, net			—			—			—			(1,023,169)
Consolidated revenues and operating income		Ps.	68,615,768		Ps.	—		Ps.	68,615,768		Ps.	3,737,747	⁽²⁾

(1)	This amount represents income before other income or expense, net.

(2)	This amount represents consolidated operating income.

Schedule of segment information about assets, liabilities, and additions to property, plant and equipment


					Segment			Additions to
		Segment Assets			Liabilities			Property, Plant
		at Year-End			at Year-End			and Equipment
2024:
Continuing operations:
Cable		Ps.	108,166,544		Ps.	29,402,556		Ps.	7,374,382
Sky			18,718,922			8,758,504			1,514,062
Corporate asset			—			—			208,953
Total		Ps.	126,885,466		Ps.	38,161,060		Ps.	9,097,397

2023:
Continuing operations:
Cable		Ps.	115,906,063		Ps.	19,944,547		Ps.	11,243,950
Sky			22,737,294			7,778,956			2,657,041
Other Businesses			19,638,262			3,547,916			768,182
Corporate asset			—			—			38,843
Total		Ps.	158,281,619		Ps.	31,271,419		Ps.	14,708,016

2022:
Continuing operations:
Cable		Ps.	121,786,224		Ps.	23,278,943		Ps.	13,011,456
Sky			24,590,186			9,570,547			3,891,684
Other Businesses			16,285,203			3,779,852			273,881
Corporate asset			—			—			68,750
Disposed operations			—			—			69,616
Total		Ps.	162,661,613		Ps.	36,629,342		Ps.	17,315,387

Schedule of segment assets reconciliation to total assets


		2024			2023
Segment assets:		Ps.	126,885,466		Ps.	158,281,619
Equity investments attributable to:
Cable			952,721			844,728
Other Businesses			—			245,411
Others ⁽¹⁾			2,757,701			2,597,756

Goodwill attributable to:
Cable			13,344,684			13,794,684
Others			110,314			110,314

Corporate assets:
Cash and cash equivalents			36,364,456			23,757,692
Other accounts receivable, net			3,827,795			183,982
Income taxes receivable and other recoverable taxes			1,593,254			5,006,836
Non-current account receivable due from related party			3,538,497			5,089,608
Equity investment in TelevisaUnivision			43,220,986			42,326,344
Property and equipment, net			2,700,730			2,863,187
Investment property, net			2,706,528			2,478,064
Intangible assets, net			5,013,835			29,774
Deferred income tax assets			6,400,422			4,115,297
Other corporate assets			2,240,507			944,961
Total assets		Ps.	251,657,896		Ps.	262,670,257

⁽¹⁾	Includes investments that through January 31, 2024 were part of the Group’s former Other Businesses segment.

Schedule of segment liabilities reconciliation to total liabilities


		2024			2023
Segment liabilities		Ps.	38,161,060		Ps.	31,271,419
Debt not allocated to segments			90,376,976			85,885,859
Other corporate liabilities			11,424,235			10,840,546
Total liabilities		Ps.	139,962,271		Ps.	127,997,824

Schedule of geographical segment information


								Additions to
					Segment Assets at			Property, Plant and
		Total Revenues			Year-End			Equipment
2024:
Mexico		Ps.	61,115,393		Ps.	110,590,724		Ps.	8,997,716
Other countries ⁽¹⁾			1,145,471			16,294,742			99,681
		Ps.	62,260,864		Ps.	126,885,466		Ps.	9,097,397
2023:
Mexico		Ps.	65,250,298		Ps.	144,856,678		Ps.	14,565,065
Other countries ⁽¹⁾			972,538			13,424,941			142,951
		Ps.	66,222,836		Ps.	158,281,619		Ps.	14,708,016
2022:
Mexico		Ps.	67,243,094		Ps.	149,520,957		Ps.	17,102,445
Other countries ⁽¹⁾			1,372,674			13,140,656			212,942
		Ps.	68,615,768		Ps.	162,661,613		Ps.	17,315,387

(1)	Central America is from which this revenue is derived.


		Domestic			Abroad			Total
2024:
Cable:
Broadband Services ^(a)		Ps.	23,991,416		Ps.	—		Ps.	23,991,416
Digital TV Service ^(a)			12,988,987			—			12,988,987
Telephony ^(a)			2,964,230			—			2,964,230
Enterprise Operations			3,914,425			475,076			4,389,501
Advertising			1,958,989			—			1,958,989
Other Services			1,099,988			—			1,099,988
Sky:
DTH Broadcast Satellite TV^(a)			13,722,312			665,409			14,387,721
Advertising			906,563			—			906,563
Pay-Per-View			38,018			4,986			43,004
Segment totals			61,584,928			1,145,471			62,730,399
Intersegment eliminations			(469,535)			—			(469,535)
Consolidated total revenues		Ps.	61,115,393		Ps.	1,145,471		Ps.	62,260,864


		Domestic			Abroad			Total
2023:
Cable:
Broadband Services ^(a)		Ps.	21,440,699		Ps.	—		Ps.	21,440,699
Digital TV Service^(a)			15,025,051			—			15,025,051
Telephony ^(a)			4,464,983			—			4,464,983
Enterprise Operations			4,408,885			277,467			4,686,352
Advertising			2,162,410			—			2,162,410
Other Services			1,023,049			—			1,023,049
Sky:
DTH Broadcast Satellite TV ^(a)			15,805,972			687,994			16,493,966
Advertising			1,039,011			—			1,039,011
Pay-Per-View			45,121			7,077			52,198
Segment totals			65,415,181			972,538			66,387,719
Intersegment eliminations			(164,883)			—			(164,883)
Consolidated total revenues		Ps.	65,250,298		Ps.	972,538		Ps.	66,222,836


		Domestic			Abroad			Total
2022:
Cable:
Broadband Services ^(a)		Ps.	19,197,699		Ps.	—		Ps.	19,197,699
Digital TV Service^(a)			16,054,150			—			16,054,150
Telephony ^(a)			5,380,078			—			5,380,078
Enterprise Operations			4,820,254			258,946			5,079,200
Advertising			2,073,346			—			2,073,346
Other Services			627,303			—			627,303
Sky:
DTH Broadcast Satellite TV^(a)			17,970,812			1,101,419			19,072,231
Advertising			1,183,495			—			1,183,495
Pay-Per-View			71,003			12,309			83,312
Segment totals			67,378,140			1,372,674			68,750,814
Intersegment eliminations			(135,046)			—			(135,046)
Consolidated total revenues		Ps.	67,243,094		Ps.	1,372,674		Ps.	68,615,768

(a)

Digital TV Service revenues include revenue from leasing set-top equipment to subscribers in the Cable segment in the amount of Ps.8,131,852, Ps.5,880,517 and Ps.5,899,902, for the years ended December 31, 2024, 2023 and 2022, respectively. DTH Broadcast Satellite TV revenues include revenue from leasing set-top equipment to subscribers in the Sky segment in the amount of Ps.3,771,384, Ps.5,950,288 and Ps.7,783,254, for the years ended December 31, 2024, 2023 and 2022, respectively. Revenue from leasing set-top equipment to subscribers is recognized when services are rendered to such subscribers. Set-top equipment is part of the Group’s property, plant and equipment and is leased to subscribers through operating lease contracts.

Schedule of net sales from external customers


		2024			2023			2022
Services		Ps.	50,128,039		Ps.	54,088,100		Ps.	54,572,404
Royalties			—			—			—
Goods			229,589			303,931			360,208
Leases ⁽¹⁾			11,903,236			11,830,805			13,683,156
Total		Ps.	62,260,864		Ps.	66,222,836		Ps.	68,615,768

⁽¹⁾

This line includes primarily revenue from leasing set-top equipment to subscribers in the Cable and Sky segments, which is recognized when services are rendered to such subscribers. Set-top equipment is part of the Group’s property and equipment and is leased to subscribers through operating lease contracts.