Grupo Televisa, S.A.B. (TV) Q4 2024 Earnings Call Transcript

2025-02-21 14:23:05 ET

Grupo Televisa, S.A.B. (TV)

Q4 2024 Results Conference Call

February 21, 2025 10:00 AM ET

Company Participants

Alfonso de Angoitia - Co-Chief Executive Officer

Francisco Valim - Chief Executive Officer, Cable & Sky

Carlos Phillips - Chief Financial Officer

Conference Call Participants

Carlos de Legarreta - Itau

Alejandro Azar - GBM

Gustavo Farias - UBS

Eduardo Nieto - JPMorgan

Vitor Tomita - Goldman Sachs

Marcelo Santos - JPMorgan

Matthew Harrigan - Benchmark

Presentation

Operator

Good morning, everyone, and welcome to Grupo Televisa's Fourth Quarter 2024 Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note this event is being recorded.

Before we begin, I would like to draw your attention to the press release, which explains the use of forward-looking statements and applies everything we discuss in today's call and in the earnings release.

I will now turn the call over to Mr. Alfonso de Angoitia, Co-Chief Executive Officer of Grupo Televisa. Please go ahead, sir.

Alfonso de Angoitia

Thank you, Elsa. Good morning, everyone, and thank you for joining us. With me today are Francisco Valim, CEO of Cable and Sky; and Carlos Phillips, CFO of Grupo Televisa. Last year was marked by several milestones, both at Grupo Televisa and TelevisaUnivision, which Bernardo and I are confident will allow us to create greater value for our shareholders.

In 2024, we focused primarily on four key goals. The first goal was to streamline the OpEx structure and to rationalize CapEx deployment of our Cable Company to improve our free cash flow generation. Our second goal was buying the AT&T minority stake in Sky to integrate it with Easy and attain material synergies through cost cutting initiatives....

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