Expect Grupo Televisa's Next Leg Up From Reduced Debt, M&A, And 2026 Soccer World Cup

Grupo Televisa still trades at historically very cheap levels after a strong run-up in 2025 from a multi-year bottom in 2024. The 45% stake in the fast-growing ViX streaming service is a key reason to be bullish about Grupo Televisa's shares. Grupo Televisa is deleveraging quickly, and the legacy telecoms and satellite business shows positives from fiber investments that point to a return to growth in coming years.