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Q1 2023 Grupo Televisa SAB Earnings Call Transcript
Good morning, everyone, and welcome to Grupo Televisa's First Quarter 2023 Conference Call. Before we begin, I would like to draw your attention to the press release, which explains the use of forward-looking statements and applies to everything we discuss in today's call and in the earnings release.
I would now turn the call over to Mr. Alfonso de Angoitia, Co-Chief Executive Officer of Grupo Televisa. Please go ahead, sir.
Thank you, Ken. Good morning, everyone, and thank you for joining us. With me today are Pepe Antonio Gonzalez, CEO of Cable; Luis Malvido, CEO of Sky; and Carlos Phillips, CFO of Grupo Televisa.
During the first quarter, Grupo Televisa's consolidated revenue reached MXN 18.5 billion, representing a slight year-on-year decline of 0.5%, while operating segment income reached MXN 7 billion, equivalent to a year-on-year decrease of 3.4%. Revenue growth at our residential operations in cable and our other businesses segment was partially offset by
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