Washington, D.C. 20549

FORM 6-K

PURSUANT TO RULES 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of April, 2024

Commission File Number: 001-12610

(Translation of registrant’s name into English)

Av. Vasco de Quiroga No. 2000, Colonia Santa Fe 01210 Mexico City, Mexico

(Address of principal executive offices)

(Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.)

Form 20-F ☒ Form 40-F ☐

Investor Relations PRESS RELEASE

Televisa Reports First Quarter 2024 Results

•	On April 3, 2024, we announced an agreement with AT&T to acquire its participation in Sky. The transaction is subject to customary regulatory approvals.

•	Revenue and Operating Segment Income (“OSI”) declined by 4.8% and 12.5%, respectively, translating into a 36.8% margin.

•	Operating Cash Flow (“OCF”)1, increased by 37.2%, for a 24.0% margin.

•	Successfully passed 135 thousand homes with fiber-to-the-home (“FTTH”) during the quarter, reaching more than 19.7 million homes passed with our network.

•	Broadband subscribers of 5.7 million increased by 11 thousand as we execute our strategy to focus on value customers and keep working on further churn reduction.

•	Revenue and OSI declined 1.8% and 8.7% respectively, for a 39.2% margin.

•	Total Revenue Generating Units (“RGUs”) of approximately 5.9 million, with approximately 251 thousand net-disconnections.

•	Revenue and OSI fell by 12.3% and 24.4%, respectively, for a 29.8% margin.

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Earnings Call Date and Time: Friday, April 26, 2024, at 11:00 A.M. ET.

1  OCF is defined as total OSI minus capital expenditures in property, plant and equipment. A reconciliation of total OSI to consolidated operating income, and the amount of capital expenditures in property, plant and equipment, are presented in the Notes of Segment Information, and Property, Plant and Equipment, respectively, to our Interim Unaudited Condensed Consolidated Financial Statements as of March 31, 2024 and December 31, 2023, and for the three months ended March 31, 2024 and 2023.

	1Q’24	Margin	1Q’23	Margin	Change
		%		%	%
Revenues	15,951.4	100.0	16,753.3	100.0	(4.8)
Operating segment income (1)	5,883.4	36.8	6,721.1	40.1	(12.5)

	1Q’24	Margin	1Q’23	Margin	Change
		%		%	%
Revenues	15,951.4	100.0	16,753.3	100.0	(4.8)
Net income (loss)	951.7	6.0	(710.1)	(4.2)	n/a
Net income (loss) attributable to stockholders of the Company	951.8	6.0	(788.9)	(4.7)	n/a
Segment revenues	15,992.3	100.0	16,780.3	100.0	(4.7)
Operating segment income (1)	5,883.4	36.8	6,721.1	40.1	(12.5)

Revenues	1Q’24	%	1Q’23	%	Change %
Cable	11,908.7	74.5	12,122.7	72.2	(1.8)
Sky	4,083.6	25.5	4,657.6	27.8	(12.3)
Segment Revenues	15,992.3	100.0	16,780.3	100.0	(4.7)
Intersegment Operations (1)	(40.9)		(27.0)
Revenues	15,951.4		16,753.3		(4.8)

Operating Segment Income (2)	1Q’24	Margin %	1Q’23	Margin %	Change %
Cable	4,667.8	39.2	5,112.2	42.2	(8.7)
Sky	1,215.6	29.8	1,608.9	34.5	(24.4)
Operating Segment Income	5,883.4	36.8	6,721.1	40.1	(12.5)
Corporate Expenses	(185.8)	(1.2)	(182.4)	(1.1)	(1.9)
Depreciation and Amortization	(5,035.0)	(31.6)	(5,223.3)	(31.2)	3.6
Other income (expense), net	2,293.2	14.4	(179.2)	(1.1)	n/a
Intersegment Operations (1)	(29.9)	(0.2)	(23.8)	(0.1)	n/a
Operating Income	2,925.9	18.3	1,112.4	6.6	163.0
(1) For segment reporting purposes, intersegment operations are included in each of the segment operations. (2) Operating segment income is defined as operating income before depreciation and amortization, corporate expenses, and other income or expense, net.

Revenues Millions of Mexican pesos	1Q’24	1Q’23	Change %
MSO Operations (1)	10,844.4	11,100.6	(2.3)
Enterprise Operations (1)	1,064.3	1,022.1	4.1
Cable	11,908.7	12,122.7	(1.8)
Operating Segment Income	4,667.8	5,112.2	(8.7)
Margin (%)	39.2	42.2

Other Income (Expense), net	1Q’24	1Q’23
Cash	(184.4)	(75.2)
Non-cash	2,477.6	(104.0)
Total	2,293.2	(179.2)

	1Q’24	1Q’23	Favorable (Unfavorable) Change
Interest expense	(1,911.2)	(2,098.4)	187.2
Interest income	686.3	885.2	(198.9)
Foreign exchange gain (loss), net	55.0	(634.9)	689.9
Other finance income (expense), net	36.5	(306.6)	343.1
Finance expense, net	(1,133.4)	(2,154.7)	1,021.3

Capital Expenditures	1Q’24 (Millions of U.S. Dollars)	1Q’24 (Millions of Mexican Pesos)	1Q’23 (Millions of U.S. Dollars)	1Q’23 (Millions of Mexican Pesos)
Cable	95.9	1,630.2	167.1	3,115.1
Sky	24.0	408.3	42.9	799.0
Others	0.1	1.4	0.7	14.3
Continuing operations	120.0	2,039.9	210.7	3,928.4
Discontinued operations	0.8	14.1	-	1.3
Total	120.8	2,054.0	210.7	3,929.7

	March 31, 2024	December 31, 2023	Increase (Decrease)
Current portion of long-term debt	13,578.5	9,988.0	3,590.5
Long-term debt, net of current portion	73,570.6	78,547.9	(4,977.3)
Total debt (1)	87,149.1	88,535.9	(1,386.8)
Current portion of long-term lease liabilities	1,143.9	1,280.9	(137.0)
Long-term lease liabilities, net of current portion	4,791.8	6,010.6	(1,218.8)
Total lease liabilities	5,935.7	7,291.5	(1,355.8)
Total debt and lease liabilities	93,084.8	95,827.4	(2,742.6)
(1) As of March 31, 2024 and December 31, 2023, total debt is presented net of finance costs in the amount of Ps.1,247.7 million and Ps.1,278.4 million, respectively.

	March 31,				December 31,
	2024				2023
	(Unaudited)				(Audited)
ASSETS
Current assets:
Cash and cash equivalents	Ps.	32,606.8			Ps.	32,586.4
Trade accounts receivable, net		9,620.1				8,131.5
Other accounts receivable, net		340.3				339.6
Income taxes receivable		6,382.4				6,380.9
Other receivable taxes		5,369.6				6,304.2
Derivative financial instruments		141.6				251.7
Due from related parties		545.0				1,450.2
Transmission rights		1,595.0				1,725.6
Inventories		823.6				1,261.3
Contract costs		1,999.6				2,011.5
Other current assets		2,174.7				1,661.6
Total current assets		61,598.7				62,104.5
Non-current assets:
Trade accounts receivable, net of current portion		460.8				428.7
Due from related party		4,731.1				4,630.5
Transmission rights		641.2				641.2
Investments in financial instruments		3,021.7				2,586.6
Investments in associates and joint ventures		42,763.3				43,427.6
Property, plant and equipment, net		70,412.7				77,848.6
Investment property, net		2,769.2				2,790.2
Right-of-use assets, net		4,927.0				6,085.9
Intangible assets, net		40,715.4				40,389.8
Deferred income tax assets		17,094.4				18,203.1
Contract costs		3,258.3				3,318.7
Other assets		193.0				214.9
Total non-current assets		190,988.1				200,565.8
Total assets	Ps.	252,586.8			Ps.	262,670.3

	March 31,				December 31,
	2024				2023
LIABILITIES	(Unaudited)				(Audited)
Current liabilities:
Current portion of long-term debt	Ps.	13,578.5			Ps.	9,988.0
Interest payable		1,204.9				1,506.8
Current portion of lease liabilities		1,143.9				1,280.9
Derivative financial instruments		192.2				-
Trade accounts payable and accrued expenses		13,784.1				12,861.1
Customer deposits and advances		1,620.2				1,391.5
Current portion of deferred revenue		287.7				287.7
Income taxes payable		642.8				774.4
Other taxes payable		2,856.8				2,948.1
Employee benefits		1,456.9				1,563.9
Due to related parties		297.8				579.0
Other current liabilities		1,655.2				1,709.4
Total current liabilities		38,721.0				34,890.8
Non-current liabilities:
Long-term debt, net of current portion		73,570.6				78,547.9
Lease liabilities, net of current portion		4,791.8				6,010.6
Derivative financial instruments		77.1				-
Deferred revenue, net of current portion		4,818.4				4,890.3
Deferred income tax liabilities		991.6				1,053.5
Post-employment benefits		688.5				733.1
Other long-term liabilities		1,606.9				1,871.6
Total non-current liabilities		86,544.9				93,107.0
Total liabilities		125,265.9				127,997.8
EQUITY
Capital stock		3,970.7				4,722.8
Additional paid-in capital		13,359.5				15,889.8
		17,330.2				20,612.6
Retained earnings:
Legal reserve		1,798.4				2,139.0
Unappropriated earnings		113,103.3				126,684.0
Net income (loss) for the year		951.7				(8,422.7	)
		115,853.4				120,400.3
Accumulated other comprehensive loss, net		(9,171.5	)			(9,866.8	)
Shares repurchased		(12,082.2	)			(11,865.7	)
		94,599.7				98,667.8
Equity attributable to stockholders of the Company		111,929.9				119,280.4
Non-controlling interests		15,391.0				15,392.1
Total equity		127,320.9				134,672.5
Total liabilities and equity	Ps.	252,586.8			Ps.	262,670.3

Revenues	Ps.	15,951.4			Ps.	16,753.3
Cost of revenues		10,411.9				10,714.7
Selling expenses		2,354.9				2,162.8
Administrative expenses		2,551.9				2,584.2
Income before other income or expense		632.7				1,291.6
Other income (expense), net		2,293.2				(179.2	)
Operating income		2,925.9				1,112.4
Finance expense		(1,911.2	)			(3,039.9	)
Finance income		777.8				885.2
Finance expense, net		(1,133.4	)			(2,154.7	)
Share of (loss) income of associates and joint ventures, net		(356.6	)			96.8
Income (loss) before income taxes		1,435.9				(945.5	)
Income tax (expense) benefit		(541.0	)			232.2
Net income (loss) from continuing operations		894.9				(713.3	)
Income from discontinued operations, net		56.8				3.2
Net income (loss)	Ps.	951.7			Ps.	(710.1	)
Net income (loss) attributable to:
Stockholders of the Company	Ps.	951.8			Ps.	(788.9	)
Non-controlling interests		(0.1	)			78.8
Net income (loss)	Ps.	951.7			Ps.	(710.1	)
Basic earnings (loss) per CPO attributable to   stockholders of the Company:
Continuing operations	Ps.	0.33			Ps.	(0.28	)
Discontinued operations		0.02				-
Total	Ps.	0.35			Ps.	(0.28	)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.