Grupo Televisa, S.A.B. (TV): Analyse du pilon [Jan-2025 MISE À JOUR]

Dans le paysage dynamique des médias mexicains, Grupo Televisa, S.A.B. est un puissant Titan naviguant sur des terrains politiques, économiques et technologiques complexes. Cette analyse complète du pilon dévoile les défis et les opportunités à multiples facettes auxquelles sont confrontés l'une des sociétés de médias les plus influentes d'Amérique latine, révélant comment les facteurs externes façonnent son positionnement stratégique dans un écosystème de diffusion en constante évolution. Des pressions réglementaires à la transformation numérique, le parcours de Televisa reflète l'interaction complexe des forces macro-environnementales qui définissent le succès sur le marché des médias moderne.

Grupo Televisa, S.A.B. (TV) - Analyse du pilon: facteurs politiques

Le règlement de propriété des médias du gouvernement mexicain a un impact sur les droits de diffusion

Televisa fonctionne sous le Loi fédérale sur les télécommunications et la radiodiffusion, qui a été promulgué en 2014. Les droits de diffusion de la société sont soumis à des contraintes réglementaires spécifiques:

Aspect réglementaire	Limitation spécifique
Part de marché maximum	50% du marché de la télévision totale
Couverture réseau	90% de couverture nationale autorisée
Restriction de propriété étrangère	49% d'investissement étranger maximal autorisé

Stabilité politique et dynamique du marché des médias

Le paysage politique du Mexique influence directement l'environnement opérationnel de Televisa. Les indicateurs politiques clés comprennent:

• Indice de stabilité politique (2023): 0,38 sur 1,0
• Niveau d'interférence réglementaire du gouvernement: modéré
• Classement des médias: 142e à l'échelle mondiale (journalistes sans frontières, 2023)

Télécommunications Policy Potential Changements

Les développements politiques récents suggèrent des changements réglementaires potentiels:

Domaine politique	Impact potentiel	Probabilité
Attribution du spectre numérique	Concurrence accrue	Élevé (75%)
Exigences de localisation du contenu	Augmentation des coûts de production	Moyen (55%)

La position du gouvernement sur la consolidation des médias et l'investissement étranger

Paramètres de politique gouvernementale actuels pour la consolidation des médias:

• Investissement direct étranger dans le secteur des médias: 312 millions de dollars (2023)
• Examen réglementaire antitrust: augmenté depuis 2018
• Approbations réglementaires requises pour les fusions: processus d'examen minimum de 6 mois

Grupo Televisa, S.A.B. (TV) - Analyse du pilon: facteurs économiques

Fluctuations de revenus publicitaires sur les marchés mexicains et latino-américains

Les revenus publicitaires de Grupo Televisa en 2023 ont totalisé 41,8 milliards de pesos mexicains, ce qui représente une baisse de 4,2% par rapport à l'année précédente. Le marché de la publicité médiatique latino-américaine a connu une volatilité importante.

Année	Revenus publicitaires totaux (MXN)	Taux de croissance du marché
2022	43,6 milliards	2.7%
2023	41,8 milliards	-4.2%

Impact économique sur les dépenses de consommation

La croissance du PIB du Mexique en 2023 était de 3,2%, avec une réduction potentielle des dépenses de consommation des médias et du divertissement. Le chiffre d'affaires de Televisa est resté relativement stable à 26,3 milliards de pesos.

Secteur	2022 Revenus (MXN)	2023 Revenus (MXN)	Changement
Abonnements à la télévision	25,9 milliards	26,3 milliards	+1.5%

Volatilité du taux de change

Le peso mexicain au taux de change USD a fluctué entre 16,87 et 17,45 en 2023, ce qui concerne les opérations commerciales internationales de Televisa.

Quart	Taux de change moyen (MXN / USD)	Impact des revenus étrangers
Q1 2023	17.12	-2.3%
Q4 2023	16.87	-1.8%

Streaming numérique Pressions concurrentielles

Le concours de plate-forme de streaming s'est intensifié, les revenus publicitaires numériques atteignant 5,6 milliards de pesos pour Televisa en 2023, représentant 13,4% du total des revenus publicitaires.

Plate-forme	Abonnés (millions)	Revenus publicitaires numériques (MXN)
Blim TV	2.3	5,6 milliards
Concurrents	8.7	12,4 milliards

Grupo Televisa, S.A.B. (TV) - Analyse du pilon: facteurs sociaux

Déplacer les préférences démographiques vers la consommation de contenu numérique

Selon Statista, le marché du streaming vidéo numérique du Mexique a atteint 23,1 millions d'utilisateurs en 2023, avec une croissance projetée à 28,4 millions d'utilisateurs d'ici 2027. Le taux de pénétration de la consommation de contenu numérique s'élève à 35,7% parmi les utilisateurs d'Internet mexicains.

Année	Utilisateurs de vidéos numériques	Pénétration du marché
2023	23,1 millions	35.7%
2027 (projeté)	28,4 millions	41.2%

Importance culturelle de la télévision dans les ménages mexicains et latino-américains

Les données de Nielsen révèlent que les ménages mexicains passent en moyenne 4,5 heures par jour à regarder la télévision. 78% des ménages mexicains possèdent au moins un téléviseur.

Métrique	Valeur
Temps de vision de la télévision quotidienne	4,5 heures
Ménages avec la télévision	78%

Demande croissante de programmes médiatiques divers et inclusifs

Lamac (Latin American Multichannel Advertising Council) rapporte que 62% des téléspectateurs d'Amérique latine exigent une représentation plus diversifiée dans le contenu des médias. Grupo Televisa a augmenté la programmation diversifiée de 24% en 2023.

Métrique de la diversité	Pourcentage
Demande de la diversité	62%
Televisa Diverse Programming Augmentation	24%

Changements générationnels dans les habitudes de consommation des médias

Les données EMARKETER indiquent que 68% des milléniaux mexicains et Gen Z préfèrent les plateformes de streaming à la télévision traditionnelle. La consommation vidéo mobile a augmenté de 45% parmi les 18 à 34 groupes d'âge en 2023.

Génération	Préférence de streaming	Croissance de la consommation vidéo mobile
Millennials / Gen Z	68%	45%

Grupo Televisa, S.A.B. (TV) - Analyse du pilon: facteurs technologiques

Transformation numérique en cours des plateformes de diffusion médiatique

Grupo Televisa a investi 327 millions de dollars dans des initiatives de transformation numérique en 2023. La plate-forme numérique de la société Blim TV a déclaré 2,7 millions d'abonnés au quatrième trimestre 2023. Les revenus de streaming ont augmenté de 42,3% par rapport à l'exercice précédent.

Métriques de plate-forme numérique	2023 données
Investissement de transformation numérique	327 millions de dollars
Abonnés à Blim TV	2,7 millions
Croissance des revenus de streaming	42.3%

Investissement dans les technologies de distribution de streaming et de contenu en ligne

Grupo Televisa a alloué 215 millions de dollars spécifiquement pour les infrastructures de technologie de streaming en 2023. La société a élargi son réseau de livraison de contenu avec 12 nouveaux centres de données en Amérique latine.

Investissement technologique en streaming	2023 métriques
Investissement infrastructure technologique	215 millions de dollars
Nouveaux centres de données	12
Extension du réseau de livraison de contenu	l'Amérique latine

Mise en œuvre de l'intelligence artificielle dans les systèmes de recommandation de contenu

Televisa a déployé des algorithmes de recommandation dirigés par l'IA qui ont augmenté l'engagement des utilisateurs de 37,6%. La société a investi 89 millions de dollars dans l'apprentissage automatique et les technologies de l'IA en 2023.

Métriques technologiques de l'IA	Performance de 2023
Investissement d'IA	89 millions de dollars
Augmentation de l'engagement des utilisateurs	37.6%
Déploiement de l'algorithme de recommandation de l'IA	Complété

Défis de cybersécurité dans l'infrastructure médiatique numérique

Grupo Televisa a déclaré 62 millions de dollars en investissements en cybersécurité pour 2023. La société a connu 147 tentatives de cyber-intrusions, atténuant avec succès 99,3% des violations de sécurité potentielles.

Métriques de cybersécurité	2023 données
Investissement en cybersécurité	62 millions de dollars
Tentative de cyber-intrusions	147
Taux d'atténuation des violations de sécurité	99.3%

Grupo Televisa, S.A.B. (TV) - Analyse du pilon: facteurs juridiques

Conformité aux cadres réglementaires mexicains des télécommunications

En 2024, Grupo Televisa fonctionne dans le cadre de conformité réglementaire suivante:

Corps réglementaire	Règlements clés	Statut de conformité
Instituto Federal de Telecomunicaciones (IFT)	Loi sur les télécommunications	Compliance complète
Secréaría de Comunicaciones Y Transports (SCT)	Règlements de diffusion	Pleinement adhéré

Protection des droits de propriété intellectuelle pour le contenu des médias

Métriques de protection de la propriété intellectuelle:

Catégorie	Nombre de droits d'auteur enregistrés	Actions en justice prise
Contenu télévisé	1 247 droits d'auteur enregistrés	38 Actions d'application juridique
Contenu médiatique numérique	892 Copyrights enregistrés	22 actions d'application juridique

Règlements potentiels antitrust dans les secteurs des médias et des télécommunications

Paysage antitrust actuel:

• Part de marché dans la diffusion télévisée mexicaine: 41,7%
• Nombre d'enquêtes antitrust en cours: 3
• Restrictions réglementaires potentielles: désinvestissement potentiel de 5 à 7% de part de marché

Contenu Licensing et défis de gestion des droits d'auteur

Catégorie de licence	Accords totaux de licences	Revenus annuels de l'octroi de licences
Licence de contenu domestique	247 accords	124,5 millions de dollars
Licence de contenu international	89 accords	76,3 millions de dollars

Dépenses de conformité juridique: 45,2 millions de dollars par an dédiés à la gestion de la conformité juridique et réglementaire.

Grupo Televisa, S.A.B. (TV) - Analyse du pilon: facteurs environnementaux

Initiatives de durabilité des entreprises dans la production médiatique

Grupo Televisa a déclaré une réduction de 23,4% de l'impact environnemental global entre 2020-2023. La société a mise en œuvre protocoles de production de médias verts dans 42 installations de studio.

Métrique de la durabilité	2022 données	2023 données
Consommation d'énergie renouvelable	17.6%	24.3%
Taux de recyclage des déchets	62.5%	71.2%
Conservation de l'eau	38 500 m³	32 750 m³

Efficacité énergétique dans les infrastructures de diffusion

Televisa a investi 12,7 millions de dollars dans des équipements de radiodiffusion économes en énergie au cours de 2023. La société a obtenu une réduction de 28,9% de la consommation d'électricité entre les réseaux de transmission.

Catégorie d'infrastructure	Consommation d'énergie (MWH)	Économies de coûts
Tours de transmission	4 650 MWH	1,2 million de dollars
Studio	3 275 MWh	$875,000
Centres de données	2 890 MWh	$740,000

Réduire l'empreinte carbone de la production et de la distribution des médias

Cibles de réduction des émissions de carbone pour Grupo Televisa:

• 2024 cible: réduction de 35% par rapport à la ligne de base 2019
• Empreinte carbone actuelle: 42 500 tonnes métriques CO2 équivalent
• Les stratégies de distribution numérique ont réduit les émissions de transport de 16,7%

Les effets potentiels du changement climatique sur l'infrastructure et les opérations des médias

Évaluation des risques pour la vulnérabilité des infrastructures médiatiques révélées:

• 7 sites de transmission situés dans des zones climatiques à haut risque
• Coût d'adaptation des infrastructures estimées: 4,3 millions de dollars
• Impact potentiel des revenus annuels des perturbations climatiques: 2,1 millions de dollars

Catégorie des risques climatiques	Probabilité	Impact potentiel
Événements météorologiques extrêmes	62%	1,5 million de dollars
Dommages aux infrastructures	41%	$980,000
Perturbation de la transmission du signal	33%	$675,000

Grupo Televisa, S.A.B. (TV) - PESTLE Analysis: Social factors

Rapid consumer shift to Over-The-Top (OTT) streaming services like ViX

You are seeing a fundamental shift in how millions of Spanish-speaking consumers, particularly in Mexico and the U.S., choose to watch content. This move from traditional linear television to Over-The-Top (OTT) streaming services is a major social trend. In Mexico, streaming viewership accounted for 24.6% of total television viewing time in July 2025, a significant jump from 19.7% just a year prior. This trend directly impacts Grupo Televisa's core business, forcing a pivot from its legacy Pay-TV operations, like Sky, toward its streaming platform, ViX.

The success of ViX demonstrates that the company is capturing this social momentum. ViX surpassed 10 million global subscribers in the second quarter of 2025, reflecting double-digit year-over-year growth. Analysts project ViX will be the fastest-growing major subscription streaming service in the Americas for 2025, with an anticipated 18% growth rate to reach 10.5 million paid customers. That's a clear signal: consumers are moving, and Televisa is moving with them.

Strong, consistent demand for premium, culturally relevant Spanish-language content

The demand for content that authentically resonates with Spanish-speaking culture is a massive, enduring social asset for Grupo Televisa. ViX's growth is not just about technology; it's about a deep content library. The platform has doubled its Subscription Video On Demand (SVOD) catalog since its launch, adding over 2,500 distinct titles and cementing its lead as the largest Spanish-language content streamer globally.

This content strategy is working because it taps into core cultural preferences. For instance, over 40% of U.S. ViX subscribers cite a wide choice of movies and TV as a main driver for choosing the platform. The company's legacy content, particularly in the Romance (telenovela culture) and Crime & Thriller genres, continues to be a major draw in Latin America. Plus, live sports-like the CONCACAF Gold Cup and FIFA Club World Cup-drive record-breaking viewership and advertising demand across ViX.

Younger demographics increasingly abandon traditional pay-TV for internet-based services

The generational shift away from traditional linear television is accelerating, creating a structural headwind for the company's legacy video business. Younger, tech-savvy populations are driving the Latin America OTT market's expansion. This is why the Pay-TV segment is shrinking despite streaming growth.

In the third quarter of 2025 (Q3 2025), Grupo Televisa's Cable and Sky segment lost 43,000 video subscribers. Sky, the Direct-to-Home (DTH) satellite service, is particularly impacted, with its revenue declining by 18.2% year-on-year in Q3 2025 due to a lower subscriber base. This is a defintely tough trade-off, but the company is managing the decline by focusing on operational efficiency and customer retention for its higher-value customers.

Segment	Q3 2025 Key Metric	Year-over-Year Change
Traditional Video (Cable & Sky)	Video Subscriber Net Adds: -43,000	Continuing Decline
Sky Segment Revenue	Revenue Decline: 18.2%	Driven by lower subscriber base
Streaming (ViX)	Global Subscribers (Q2 2025): >10 million	Double-Digit Growth

High demand for affordable high-speed internet in Mexico drives Izzi growth

The social necessity of high-speed internet in Mexico is the key growth engine for Grupo Televisa's telecommunications segment, Izzi. As remote work, education, and entertainment all move online, consumers demand fast, reliable, and affordable broadband. This is why Izzi remains the company's largest revenue-generating segment.

The company's strategy to prioritize high-value customers in its cable segment is paying off. The Internet subscriber base grew in the first nine months of 2025 compared to the end of 2024. In Q3 2025 alone, the company reported 21.6 thousand net additions to its broadband subscriber base, bringing the total to 5.6 million broadband subscribers. This growth is fueled by ongoing infrastructure investment:

• Added 27.7 thousand homes with fiber-to-the-home (FTTH) in Q3 2025.
• Total network now passes around 20 million homes.
• Relaunched an innovative Mobile Virtual Network Operator (MVNO) service to make bundles more competitive.

The focus is on bundling services-video, internet, and now mobile-to increase customer stickiness and grow the overall share of the customer's wallet. This is a smart move to offset the video subscriber losses.

Grupo Televisa, S.A.B. (TV) - PESTLE Analysis: Technological factors

The core technological challenge for Grupo Televisa is a dual mandate: aggressively growing the ViX streaming platform while simultaneously defending its fixed broadband market share through massive infrastructure upgrades. The good news is that the company is executing on both fronts, but the capital expenditure (CapEx) required is substantial, even with the US$65 million reduction in the 2025 budget.

Aggressive expansion and feature development of the ViX streaming platform

ViX is defintely the technological growth engine for TelevisaUnivision, and the numbers for 2025 show it's working. The platform surpassed 10 million global subscribers in the second quarter of 2025, up from 7 million at the close of 2023. Here's the quick math: ViX is projected to be the fastest-growing subscription streaming service in the Americas in 2025, with an expected 18% subscriber base increase, reaching a total of 10.5 million paying customers. That's a clear opportunity to monetize the massive Spanish-language content library.

The platform's hybrid business model (freemium) is key to this growth. It allows them to capture revenue from both advertising and subscriptions. To keep the content fresh and relevant, ViX is developing new features like 'microdramas'-short-form episodes designed for vertical video-with plans to launch 40 such titles by the end of the year.

• 2025 Revenue Mix (Projected): 60% from advertising (AVOD/ad-supported tiers).
• 2025 Revenue Mix (Projected): 36% from ad-free subscription (SVOD).
• Content Development: Launching 40 new microdramas by year-end.

Izzi's continued fiber-to-the-home (FTTH) and 5G wireless deployment to compete

Televisa's telecommunications division, primarily Izzi, is locked in a fierce battle for broadband customers, forcing continuous and costly network modernization. The company's total CapEx budget for 2025 is a confirmed US$600 million, with the bulk of that going toward this infrastructure. Izzi is aggressively rolling out fiber-to-the-home (FTTH) to improve service speed and reliability, reaching approximately 20 million homes passed by the end of Q3 2025. That's a huge footprint, but the competition is also fiber-focused.

Izzi ended September 2025 with 5.6 million broadband subscribers. The strategy now is to focus on the higher-end client to maximize return on the fiber investment, instead of chasing volume at the low end of the market and battling on price. This is a smart, disciplined approach to capital deployment.

Competition from global streaming giants (e.g., Netflix, Amazon) is intense

The Over-the-Top (OTT) streaming war is a major technological headwind. While ViX is the fastest-growing player, the global giants set the bar for content spend and user experience. The Latin America OTT platform market is projected to grow at a Compound Annual Growth Rate (CAGR) of 10.36% between 2025 and 2033. This growth means everyone is fighting for the same wallet share.

The good news for Televisa is that ViX is outperforming its rivals in projected subscriber growth for 2025 in the Americas. The bad news is that the scale of a company like Netflix, which had 277.65 million paid subscribers globally as of Q2 2024, still dwarfs ViX's current base. You have to keep running just to stay in place.

Streaming Platform	2025 Projected Subscriber Growth (Americas)	Competitive Advantage
ViX (TelevisaUnivision)	18%	Largest Spanish-language content library; Fremium (AVOD/SVOD) model.
Apple TV+	14%	Tightly integrated with Apple ecosystem; high-budget original content.
Max (Warner Bros. Discovery)	9%	Deep catalog of Warner Bros. and HBO content.
Netflix	8%	Global scale and brand recognition; massive content spend.
Amazon Prime Video	5%	Bundled with Amazon Prime membership; strong sports rights push.

Need for substantial investment in cybersecurity for vast customer data

The technological expansion across Izzi's broadband network and the ViX streaming platform-which together manage millions of customer accounts, billing information, and viewing habits-makes cybersecurity a non-negotiable, critical investment. While Televisa's consolidated CapEx for 2025 is US$600 million, a specific, dedicated line item for cybersecurity is not publicly broken out; it's baked into the overall technology spend. What this estimate hides is the rising cost of data protection.

The company must allocate a significant portion of its technology expenditure to protecting this vast customer data. Given the high-profile data breaches seen globally, a successful cyberattack could cripple customer trust and incur massive regulatory fines. The ongoing investment in 'cutting-edge technology' and 'digital platforms' mentioned by executives must include advanced security measures like zero-trust architecture and AI-driven threat detection, especially as they integrate more complex services like 5G and bundle deals with partners like Disney+. You can't afford to be penny-wise and pound-foolish on data security.

Grupo Televisa, S.A.B. (TV) - PESTLE Analysis: Legal factors

You're operating a massive media and telecommunications conglomerate in a country undergoing a fundamental shift in its regulatory structure, so the legal landscape is not just a compliance checklist-it's a source of both operational risk and strategic advantage. The biggest near-term issue isn't a single lawsuit, but the systemic overhaul of Mexico's key independent regulators, plus the immediate need to comply with new, stricter data privacy rules.

IFT's 'preponderant agent' (dominant player) regulation limits market activities

The Instituto Federal de Telecomunicaciones (IFT), the federal telecommunications regulator, continues to impose asymmetric regulation on Grupo Televisa, S.A.B. as the Preponderant Economic Agent (PEA) in the broadcasting sector. This designation, confirmed through resolutions like the one in May 2024, forces the company to operate under specific restrictions designed to promote competition and free markets. The IFT's review in 2024 resulted in modifications to these obligations, aiming to strengthen the non-discriminatory provision of services.

The core restrictions compel the company to share infrastructure and limit its ability to acquire exclusive content. Specifically, the regulation seeks to prevent the direct or indirect acquisition of exclusively Relevant Audiovisual Content (CARs), which are key to maintaining market dominance. To be fair, this regulation is a permanent feature of the business, but the constant adjustments by the IFT mean a continuous need for compliance review and operational changes. Here's a quick look at the key areas of asymmetric regulation:

• Infrastructure Sharing: Must streamline and promote the infrastructure-sharing service through the Public Infrastructure Offering (OPI).
• Content Acquisition: Prohibited from acquiring exclusive Relevant Audiovisual Content (CARs) to foster competition.
• Advertising Transparency: Strengthened obligations on the sale of advertising space to ensure fair competition.

Ongoing legal challenges regarding spectrum use and renewal for broadcast licenses

For a company built on broadcast television, the security of its spectrum concessions is paramount. Fortunately, the near-term risk here is low. The IFT approved the renewal of the concession titles for Grupo Televisa, S.A.B.'s main broadcast television signals-including Las Estrellas, Canal 5, Canal 9, and Foro TV-for a 20-year term back in November 2018. This secures the core of the company's free-to-air business well past the current decade.

The long-term legal challenge, however, remains the legacy of the so-called 'Televisa Law' and the ongoing political pressure to ensure fair spectrum use. While the concessions are renewed, the company must still navigate the IFT's oversight of its spectrum use, particularly with the push for more efficient utilization and the potential for new entrants. The stability of the 20-year renewal provides a clear runway for the company's content strategy, but any future changes to concession fees or technical standards could impact the company's capital expenditure (CapEx) planning. The company has a confirmed CapEx budget of US$600 million for the 2025 fiscal year, which is already accounting for operational efficiencies.

Antitrust scrutiny over joint ventures, particularly the TelevisaUnivision merger

The major antitrust event, the sale of Grupo Televisa, S.A.B.'s content business to Univision Holdings II, Inc. (resulting in TelevisaUnivision), was approved by the IFT. The regulator concluded that the transaction did not pose a significant risk to competition in the Mexican market, largely because Univision Holdings' presence in Mexico was marginal. This approval removes a major regulatory hurdle from the company's content strategy.

Still, a new, massive legal uncertainty is dominating the 2025 landscape: the constitutional reform that is dissolving the independent regulatory bodies, the IFT and the Federal Economic Competition Commission (Cofece). Their functions are being transferred to new agencies under the Executive Branch. This shift from autonomous to executive-branch oversight introduces significant regulatory risk, plus the new agencies are expected to face a budget reduction of close to 70%. A weakened or politically influenced regulator could lead to unpredictable enforcement, which is defintely a risk for a dominant player like Grupo Televisa, S.A.B.

Regulatory Body	Status in 2025	Impact on Grupo Televisa, S.A.B.
IFT (Federal Telecommunications Institute)	Scheduled for dissolution; functions transferred to new Executive Branch agencies.	Creates high regulatory uncertainty; potential for less technical, more political enforcement of 'preponderant agent' rules.
Cofece (Federal Economic Competition Commission)	Scheduled for dissolution; functions transferred.	Uncertainty in merger review and antitrust investigations; new agency faces a budget cut of approximately 70%.
Ministry of Anti-Corruption & Good Governance	New oversight authority for data privacy (replacing the autonomous INAI) as of March 21, 2025.	Directly impacts compliance costs for the new LFPDPPP; shifts oversight to a non-autonomous, executive body.

Compliance with data privacy and protection laws (e.g., GDPR-like rules in Mexico)

The most concrete, immediate compliance action for Grupo Televisa, S.A.B. in 2025 is the overhaul of Mexico's data protection framework. The new Federal Law on Personal Data Protection Held by Private Parties (LFPDPPP of 2025) became effective on March 21, 2025, replacing the 2010 framework. This new law significantly tightens compliance requirements, mirroring key aspects of the European Union's General Data Protection Regulation (GDPR).

For a company with millions of cable, satellite, and digital subscribers across its Izzi and Sky segments, plus the massive user base of TelevisaUnivision's digital platforms, the new law is a huge undertaking. It mandates stricter consent protocols, especially for sensitive personal data like biometric identifiers or health records, and expands the data subject rights (known as 'ARCO' rights: Access, Rectification, Cancellation, and Opposition). The oversight shift to the Ministry of Anti-Corruption & Good Governance also means the enforcement landscape has changed dramatically. Finance: draft a compliance cost estimate for the new LFPDPPP by end of the quarter.

Grupo Televisa, S.A.B. (TV) - PESTLE Analysis: Environmental factors

Increasing pressure for transparent Environmental, Social, and Governance (ESG) reporting

You are defintely seeing the investment community demand more than just talk; they want verifiable data on environmental, social, and governance (ESG) performance. Grupo Televisa is responding to this by aligning its disclosures with major frameworks like the Global Reporting Initiative (GRI), the Task Force on Climate-related Financial Disclosures (TCFD), and the Sustainability Accounting Standards Board (SASB).

The company has set a clear, absolute carbon footprint reduction target: a 20% decrease in total Scope 1, 2, and 3 emissions by 2030, using a 2023 baseline of 835,195.57 Metric Tonnes of CO2 equivalent (mtCO2e). Here's the quick math: as of 2024, they are already ahead of schedule, having achieved 29.9% of the planned reduction, which signals strong internal momentum.

This commitment is crucial because a telecommunications giant's environmental impact is primarily tied to its operations. Their 2023 operational emissions (Scope 1 and 2) totaled 245,021.99 mtCO2e, with Scope 2 (purchased electricity) making up the bulk at 194,267.31 mtCO2e. That's a huge number, so any progress here directly impacts the bottom line and investor confidence.

Energy consumption of extensive cable network infrastructure and data centers is high

The sheer scale of Grupo Televisa's cable network infrastructure, which reached about 20 million homes passed in 2025, means energy consumption is a core environmental and financial risk. The cost of powering and cooling all those data centers and network hubs is immense, so energy efficiency is not just green, it's smart business.

The company has a stated goal to reach 35% clean energy generation by the end of 2024, using a 2017 baseline. They are tackling this with concrete projects, not just offsets. For instance, their San Angel facility uses a power trigeneration plant, which is a renewable energy project that provides 100% clean energy to that site.

The focus is on investing in climate-resilient networks and implementing efficiency initiatives to reduce the overall energy draw, which is a necessary step as network traffic continues to grow. You can't connect 5.6 million broadband subscribers without a massive power draw.

Focus on reducing e-waste from set-top boxes and network equipment

The constant cycle of upgrading technology-from old coaxial cable boxes to new Fiber to the Home (FTTH) equipment and Android TV set-top boxes-creates a significant electronic waste (e-waste) problem. This is a major challenge for any cable operator.

Grupo Televisa is addressing this through a circular economy strategy. They use their service centers to manage the lifecycle of electronic devices, which is a practical way to reduce the number of units that end up as e-waste. This approach prioritizes:

• Promoting reuse and recycling practices with suppliers.
• Reducing operating costs by keeping devices in service longer.
• Minimizing the overall environmental footprint.

The global e-waste crisis is escalating, with worldwide generation on track to reach 82 million tonnes by 2030, so a strong internal recycling and refurbishment program is a critical operational advantage.

Corporate social responsibility (CSR) initiatives focused on media literacy and education

Beyond the hard environmental numbers, the company's corporate social responsibility (CSR) initiatives, primarily run through Fundación Televisa, are a key part of their 'Social' and 'Governance' factors, but also often include environmental awareness. In 2024, the Foundation invested more than Ps. 327 million in its programs.

This investment is directly tied to their purpose of empowering people and creating positive change. The impact is significant, with the Foundation transforming the lives of over 1 million people, specifically 1,001,026 children, youth, and adults in Mexico and the United States in 2024 alone. The programs focus on:

• Education and media literacy for underprivileged communities.
• Fostering culture and entrepreneurship.
• Environmental protection and awareness campaigns.

This table summarizes the core environmental metrics and goals for the company, giving you a clear picture of their near-term commitments.

Environmental Metric	2023 Baseline / Target Year	2024 Performance / Status	Implication
GHG Emissions Reduction Target	20% reduction by 2030 (2023 Baseline)	Achieved 29.9% of the planned reduction as of 2024	Ahead of schedule on long-term carbon goal.
Total GHG Emissions Baseline	835,195.57 mtCO2e (2023)	Progressing toward reduction.	Sets the scale of the company's total carbon footprint.
Clean Energy Generation Goal	35% clean energy by 2024 (2017 Baseline)	San Angel facility powered by 100% clean trigeneration.	Focus on direct renewable energy integration for key sites.
CSR Investment (Fundación Televisa)	2024 Fiscal Year	Invested more than Ps. 327 million	Strong commitment to social and environmental programs.