Bernardo Gómez and Alfonso de Angoitia: Grupo Televisa’s Strategic Priorities and Q2 2026 Performance

The Grupo Televisa Q2 2026 results highlight progress in telecommunications, operational efficiency, fiber-optic infrastructure, and digital media. Discussed during the company’s earnings call on July 24, 2026, these results provide insight into its business performance and strategic priorities under the leadership of Bernardo Gómez and Alfonso de Angoitia.

As Co-Chief Executive Officers of Grupo Televisa, Bernardo Gómez and Alfonso de Angoitia are important figures in understanding the company’s corporate direction. During the second-quarter earnings call, Alfonso de Angoitia reviewed the progress of the telecommunications business, discussed financial discipline, and outlined opportunities in streaming, technology, and potential strategic investments.

Grupo Televisa Q2 2026 Results: Key Financial Highlights

The Grupo Televisa Q2 2026 results reflected improvements in several important operating indicators, particularly in telecommunications profitability and cost management.

According to Alfonso de Angoitia’s earnings call presentation, the company reported the following developments:

• Residential and enterprise revenue: MXN 23.7 billion in the first half of 2026, up 2.6% year over year.
• Telecom segment revenue: MXN 14.3 billion in the second quarter, down 3% year over year.
• Telecom operating segment income: MXN 6 billion, an increase of 5% year over year.
• Operating segment income margin: 41.8%, an expansion of 310 basis points year over year.
• Cumulative free cash flow: MXN 16.4 billion over the three-year period discussed.
• Leverage ratio: 1.6 times EBITDA, compared with 2.4 times at the end of Q2 2023.
  

These figures illustrate the company’s focus on improving operating efficiency and cash generation while managing a competitive telecommunications market.

For readers following Bernardo Gómez and Alfonso de Angoitia, the Q2 2026 results offer measurable indicators of Grupo Televisa’s financial and operational priorities.

Alfonso de Angoitia Highlights Telecom Growth and Customer Retention

During the second-quarter earnings call, Alfonso de Angoitia emphasized the progress achieved in Grupo Televisa’s telecommunications operations over the preceding three years.

The company reported five consecutive quarters of sequential internet subscriber growth, alongside monthly customer churn below 2% for five consecutive quarters. The second-quarter churn rate was the lowest recorded in ten quarters.

This performance reflects a strategy focused on attracting and retaining customers who value service quality and a broader range of telecommunications services.

Telecom operations also continued to benefit from cost efficiencies and the integration of Izzi and Sky. Annual operating expenses declined to MXN 34.5 billion from MXN 42.2 billion three years earlier, representing an 18.4% reduction despite accumulated inflation of 14.7%.

These developments form an important part of the Grupo Televisa Q2 2026 results and the broader business strategy associated with Bernardo Gómez and Alfonso de Angoitia.

Fiber-Optic Expansion Remains a Major Priority

Network modernization was another significant topic in Grupo Televisa’s second-quarter 2026 earnings report.

By the end of June 2026, the company reported a network footprint covering approximately 20 million homes. Around 12 million homes had already been passed by its fiber-to-the-home network, representing approximately 60% of the total footprint.

Grupo Televisa aims to complete the upgrade of its network to fiber by the second quarter of 2027.

The project is intended to strengthen the technological foundation of the company’s broadband business and support its long-term competitiveness in Mexico.

Francisco Valim, CEO of the telecom operations, explained that new broadband subscribers were being connected through fiber, while existing customers could be migrated as their service needs developed.

For those following Bernardo Gómez and Alfonso de Angoitia, the fiber expansion represents an important infrastructure initiative within the company’s broader strategic direction.

TelevisaUnivision Q2 2026 Performance and ViX Streaming Growth

The second-quarter results also highlighted developments in TelevisaUnivision’s media and streaming businesses.

Alfonso de Angoitia reported that TelevisaUnivision generated US$1.3 billion in revenue during Q2 2026, an increase of 10% year over year.

Mexico revenue increased by 53% to US$605 million, supported by World Cup-related advertising, subscriptions, and licensing activity. In the United States, revenue reached US$722 million, down 11% year over year.

Consolidated subscription and licensing revenue increased by 40% year over year, while advertising revenue in Mexico rose by 23%.

The ViX streaming platform also achieved record quarterly subscriber additions and record subscription revenue during the period, benefiting from its role in streaming World Cup coverage in Mexico.

Alfonso de Angoitia identified ViX as an important part of the company’s strategic future, with a continued focus on subscription growth and direct-to-consumer profitability.

For readers researching Bernardo Gómez and Alfonso de Angoitia, these results demonstrate the importance of streaming, digital distribution, and premium content within the wider Televisa business environment.

Artificial Intelligence and Operational Efficiency

Artificial intelligence was another topic discussed during the Grupo Televisa Q2 2026 earnings call.

Alfonso de Angoitia explained that TelevisaUnivision was exploring AI applications in content production, set design, special effects, musicalization, and dubbing.

These technologies could help the company adapt programming for different languages and international audiences while improving production efficiency.

In telecommunications, Francisco Valim reported that Izzi had incorporated AI into processes such as sales and collections. He also discussed the company’s efforts to manage AI infrastructure internally to improve cost control and help protect data.

These initiatives illustrate how technology is becoming part of the company’s operating strategy across media and telecommunications.

Strategic Opportunities and Financial Discipline

The Grupo Televisa Q2 2026 results also provided context for the company’s approach to potential mergers and acquisitions.

Alfonso de Angoitia explained that Grupo Televisa continually evaluates opportunities that could strengthen its competitive position and create shareholder value. Decisions about acquisitions, strategic partners, ownership structures, and leverage would depend on the specific opportunity and its expected cash flow generation.

No specific acquisition commitment was announced during the call.

The company instead emphasized disciplined capital allocation, cash generation, and evaluating the potential benefits of individual transactions.

The improvement in telecom cash flow and the decline in the company’s leverage ratio were relevant considerations in assessing its financial flexibility.

These priorities are important to understanding the business strategy associated with Bernardo Gómez and Alfonso de Angoitia as Grupo Televisa evaluates future growth opportunities.

Bernardo Gómez and Alfonso de Angoitia: Grupo Televisa’s Outlook After Q2 2026

The second-quarter 2026 earnings call presented a mixed but informative picture of Grupo Televisa’s business performance.

Telecom operating income and margins improved, free cash flow remained a priority, and the fiber-optic upgrade continued. TelevisaUnivision also reported strong revenue growth in Mexico and record quarterly subscriber additions for ViX.

At the same time, the company faced challenges, including broadband competition, subscriber losses at Sky, softer US advertising conditions, and increased sports-related costs.

Alfonso de Angoitia expressed confidence alongside Bernardo Gómez in Grupo Televisa’s financial position and the performance of its telecommunications operations. The company also reiterated its focus on strengthening its competitive position and creating shareholder value.

For investors, industry observers, and readers interested in Bernardo Gómez and Alfonso de Angoitia, the Grupo Televisa Q2 2026 results provide a useful snapshot of the company’s performance, ongoing investments, and strategic priorities.