The company reported on Tuesday that the decrease in the growth of its profits in operating segments led it to a net loss of 788.9 million pesos in the first quarter.
“We hope that our price increases are temporary,” said José Antonio González Anaya, executive director of the izzy unit during a call with analysts, where he also pointed out that the company has been “very prudent” with the price increases, which had already been announced, to maintain its competitiveness.
Commenting on Televisa’s achievements, Co-CEO Alfonso de Angoitia noted that its Vix platform, launched last year through a new company TelevisaUnivisión, has become the largest Spanish-language streaming app in the world.
Company executives also pointed out during the conference that they are going to implement a cost reduction program in their cable operations.
In particular, the revenues from its cable unit were the ones that offset, although only partially, the inflationary rises, according to company data.