With satellite TV and content sales on the decline, Televisa’s cable operations have taken the lead as the company’s largest source of revenue.
Confirming a trend already noticed in former quarters, Televisa’s Q3 2017 financial report shows dropping sales for the satellite pay-TV unit Sky and for content, which was the company’s main business not so long ago.
Between June and September 2017, Sky gained revenue of over $280 million, 1.1% less than in Q3 2016. Content net sales accounted for more than $415 million, 7.5% down since last year. According to the report, the satellite TV operation represents 22.9% of Televisa’s total income, while the content division represents 33.8%.
Meanwhile, Televisa’s cable operations continue growing and are already generating 35% of total revenue. Despite of a slight drop in the number of pay-TV subscribers, cable TV accounts for 4.12 million households, driving the business segment to invoice $435 million (2.5% more than in Q3 2016).
In terms of pay-TV subscribers, Sky (which generates revenues only through pay-TV) is still Televisa’s largest operation, with 8.01 million clients in Mexico and 185,000 in Central America and the Dominican Republic.