The loss reflected a decrease in earnings before depreciation and amortization of 185.5 million pesos; an increase of 234.3 million pesos in depreciation and amortization; an increase of 13.9 million pesos in other expenses, and a decrease of 368.6 million pesos in the profit sharing of associates and joint ventures.
These unfavorable variations were partially offset by a decrease of 2,691.1 million in financial expenses and a decrease of 135.7 million in net income attributable to non-controlling interest.
In the financial report for the period sent to the Mexican Stock Exchange (BMV), the company said that the drop in its sales is due to the 215,000 disconnections experienced by its subsidiary company Sky, which implied a drop of 11.7% in their income; however, sales from the Cable and Others segments almost offset this adjustment.
A few days ago, Televisa carried out a series of dismissals of at least 25 workers who had positions as journalists, editors, marketers and community managersas part of a restructuring of the workforce derived from the merger between the company and univision.
The layoffs are part of a corporate optimization process, which includes a reduction of approximately 3% of its workforce.
Other businesses
The Other Businesses segment, which includes operations of soccerhe Aztec stadiumgames and sweepstakes, and magazine publishing and distribution fared better.
Revenues from this division of Televisa increased 11.4%, obtaining 1,850 million pesos in the first quarter of this year, compared to 1,661.1 million pesos.
In addition, the net income of the segment increased 7.3% to total 403.9 million pesos, compared to 376 million in the first quarter of 2022.
