Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE AC ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN ISSUER PURSUANT TO RULES 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of April, 2024 GRUPO TELEVISA, S.A.B. (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- ...

Financial Data and Key Metrics - Consolidated revenue for Grupo Televisa reached MXN 16 billion, a decline of 4.8% year-on-year, while operating segment income decreased by 12.5% to MXN 5.9 billion, driven by lower revenue and inflationary pressures [23] - Cable segment revenue fell by 1.8% year-on-year to MXN 11.9 billion, with operating segment income declining by 8.7% to MXN 4.7 billion. The segment margin contracted by 300 basis points to 39.2% [19] - Sky's revenue declined by 12.3% year-on-year to MXN 4.1 billion, with operating segment income decreasing by 24.4% to MXN 1.2 billion. The margin contracted by 370 basis points to 29.8% [21] - Operating cash flow for the Cable segment increased by 52.1% year-on-year to MXN 3 billion, representing 25.5% of sales, while Sky's operating cash flow was flat at MXN 0.8 billion, accounting for 19.8% of sales [20][22] Business Line Data and Key Metrics - Cable segment net adds accelerated to 10,700 in broadband and 2,800 in video, compared to 600 and 100 net adds, respectively, in Q4 2023. Churn decreased by 5% sequentially [18] - Sky lost 251,000 revenue-generating units, primarily from prepaid subscribers not recharging their service. Integration with the Cable segment is expected to reduce churn through better customer management and cross-selling opportunities [100] - TelevisaUnivision's revenue grew by 7.3% year-on-year to $1.1 billion, driven by a 7% increase in advertising revenue and a 9% increase in subscription and licensing revenue. However, EBITDA declined by 8.9% to $329 million due to streaming investments [46] Market Data and Key Metrics - In Mexico, advertising revenue grew by 19% year-on-year, driven by the appreciation of the Mexican peso and the acquisition of third-party ad inventory, which contributed 500 basis points of growth [47] - FX-neutral advertising revenue in Mexico increased by 9% year-on-year, while subscription and licensing revenue grew by 24% [101] - In the US, advertising revenue was flat, with growth in direct-to-consumer offset by softness in linear networks [24] Company Strategy and Industry Competition - The company is focused on integrating Sky with its Cable operations to strengthen its competitive position, extract OpEx and CapEx synergies, and enhance free cash flow generation. Synergies are expected to reach MXN 400 million by the end of the year [38][58] - The integration will standardize regions, sales channels, and commission schemes, improve customer base management, and leverage Sky's exclusive sporting content to differentiate video packages [92] - The company aims to achieve profitability in its streaming business by the second half of 2024 and reduce leverage organically [94] Management Commentary on Operating Environment and Future Outlook - Management expects EBITDA growth to return in the second half of 2024, driven by a record political year for ad sales and a profitable streaming business [26] - The company is confident in its ability to achieve profitability in its streaming service, VIX, by the second half of 2024, with narrowing direct-to-consumer losses and improved engagement metrics [83][84] - Inflationary pressures and the impact of Hurricane Otis in Acapulco have affected revenue and profitability, but price increases and efficiency measures are expected to stabilize margins [70] Other Important Information - The company completed the spin-off of Ollamani and its listing on the Mexican Stock Exchange, unlocking significant shareholder value [14] - The 2024 CapEx budget for the Cable segment remains at $630 million, including $30 million for network reconstruction in Acapulco, which is expected to be reimbursed by insurance [20] - Sky's CapEx budget for 2024 is $145 million, with a CapEx-to-sales ratio expected to be below 14% due to restructuring and integration efforts [33][45] Q&A Session Summary Question: Operational improvement in Sky and churn reduction in Cable [1] - Management expects net disconnections in Sky to diminish with focused sales and marketing efforts, particularly in areas where DTH is the only solution [2] - Cable churn is in the mid-range, but further reductions are expected through new product and service launches [3][4] Question: Price increase impact on churn [28] - The average price increase in April was 4%, impacting most of the customer base. Churn remains at historical levels and is expected to stay under control [75] Question: TelevisaUnivision's EBITDA decline and leverage [51] - EBITDA decline was partly due to a non-recurring bad debt expense reversal in Q1 2023. Excluding this, EBITDA declined by 5%. Leverage is expected to improve in the second half of 2024 [54][73] Question: Synergies from Sky integration [56] - Synergies are expected to reach MXN 400 million by the end of the year, with significant opportunities in revenue growth, back-office efficiencies, and CapEx optimization [58] Question: Revised CapEx guidance [77] - The 2024 CapEx budget for Cable remains at $630 million, including $30 million for Acapulco reconstruction. Sky's CapEx is expected to be below 14% of sales [77][45] Question: Commercial dynamics in Cable and streaming profitability [80] - The market remains active, with improved ARPU and client retention. The company is confident in achieving streaming profitability by the second half of 2024 [82][83]

Financial Performance - In 2023, consolidated revenue reached Ps.73.8 billion, representing a year-on-year decline of 2.3% [19] - For Q4 2023, consolidated revenue was Ps.18.4 billion, a year-on-year decrease of 3.8%, while operating segment income was Ps.6.3 billion, reflecting a contraction of 6% [20] - TelevisaUnivision's full-year revenue increased by 5% year-on-year to $4.9 billion, with adjusted EBITDA of $1.6 billion declining by 4% year-on-year [23][24] - In Q4 2023, TelevisaUnivision's revenue was $1.4 billion, growing by 6% year-on-year, while adjusted EBITDA increased by 16% [25] Business Segment Performance - The cable segment's revenue was MXN 12.2 billion, down 1.8% year-on-year, with operating income declining by 7.1% [39] - Sky's Q4 revenues decreased by 15.3% to MXN 4.2 billion, with EBITDA down by less than 1% [54] - The direct-to-consumer business closed 2023 with over $700 million in revenue, aiming for profitability in the second half of 2024 [14][30] Market Performance - In the U.S., TelevisaUnivision outperformed the broader advertising market growth by around 850 basis points in 2023 [11] - In Mexico, advertising revenue increased by 10% year-on-year, driven by growth in both linear and direct-to-consumer sectors [27] - The direct-to-consumer service saw MAUs exceed 40 million on the free tier and over 7 million on the premium tier [99] Company Strategy and Industry Competition - Grupo Televisa is focusing on free cash flow generation and optimizing CapEx deployment, prioritizing profitability over aggressive expansion [6][7] - The company is implementing a digital transformation strategy to stabilize revenue at Sky and enhance competitiveness [8] - The competitive landscape in Mexican broadband is described as rational, with fewer price promotions and an emphasis on service quality [63] Management Commentary on Operating Environment and Future Outlook - Management noted a challenging global macro backdrop in 2023 but expressed confidence in improving free cash flow generation in 2024 [4] - The company anticipates a record political year for ad sales and a profitable streaming business in the second half of 2024 [30][58] - Management highlighted the importance of innovation in partnerships, particularly with Charter, to enhance value propositions in the pay TV ecosystem [120] Other Important Information - The company achieved savings in corporate expenses of almost Ps.280 million for the full year, contributing to an 18% decline in corporate expenses year-on-year [10] - Total leverage was decreased by around $340 million, resulting in savings related to net interest expenses [10][21] Q&A Session Summary Question: Expectations on competitive landscape in Mexican Broadband and ARPU evolution - Management noted a rational competitive landscape with fewer price promotions and an increase in prices by competitors, indicating a stable market [63][64] Question: Integration of Televisa and Univision cultures - Management reported significant progress in integrating the two cultures, with coordinated efforts across production, audiences, and revenue teams [71][72] Question: Expected pace of margin improvement for MSO - Management anticipates sequential margin improvement due to cost optimization and renegotiation of contracts [81] Question: Trends in first quarter for Enterprise Cable and Sky - Management highlighted the launch of Sky Más and Sky Internet, expecting positive revenue trends from these new offerings [106] Question: Breakdown of ViX's $700 million revenue - Management did not provide a breakdown of subscription and advertising revenue but emphasized the growth in MAUs and engagement [98][99]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN ISSUER PURSUANT TO RULES 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of October, 2023 Commission File Number: 001-12610 GRUPO TELEVISA, S.A.B. (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 repor ...

Company Participants Conference Call Participants Operator I will now turn the call over to Mr. Alfonso de Angoitia, Co-Chief Executive Officer of Grupo Televisa. Please go ahead, sir. Thank you, Sheila. Good morning, everyone, and thank you for joining us. With me today are Wade Davis, CEO of Televisa Univision; Francisco Valim, CEO of Cable; Luis Malvido, CEO of Sky; and Carlos Phillips, CFO of Grupo Televisa. Wade, Valim, and Luis will discuss the operating and financial performance of each business they ...

Financial Data and Key Metrics Changes - Televisa-Univision reported strong revenue of $1.2 billion, growing by 11% year-on-year, primarily driven by the global streaming business, ViX, and core operations in Mexico [29] - Consolidated advertising revenue increased by 10% year-on-year, with U.S. advertising revenue rising by 1% or 4% excluding political and advocacy [30] - EBITDA remained stable year-on-year at $374 million, despite financing streaming investments [36] - Consolidated revenue reached Ps18.5 billion, remaining virtually flat year-on-year, while operating segment income declined by 3.3% to Ps6.8 billion [69] Business Line Data and Key Metrics Changes - Cable operations revenue increased by 4.6% year-on-year to Ps12.3 billion, while operating segment income fell by 2.2% to Ps4.8 billion [72] - Fixed RGU gross adds were around 1.3 million, consistent with the average of the last three quarters, indicating robust demand [70] - Broadband lost 38,000 subscribers, while video had 46,000 net disconnections, partially offset by 57,000 voice net adds and 21,000 new mobile subscribers [71] Market Data and Key Metrics Changes - In Mexico, advertising revenue growth of 29% was driven by both linear and streaming, with local currency terms showing a 14% increase [37] - Subscription and licensing revenue in Mexico grew by 27%, with local currency terms reflecting a 16% increase [38] Company Strategy and Development Direction - The company is committed to implementing structural reforms to increase profitability, optimize CapEx, and enhance free cash flow generation [52] - A detailed long-range plan is being developed to achieve growth goals, expected to be shared in the coming months [34] - The focus is on retaining high-quality clients and improving churn rates through targeted market approaches [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the medium-term operating and financial growth prospects despite macro challenges [78] - The company anticipates that the streaming business will be profitable in the second half of 2024, a significant achievement compared to peers [85] - Management acknowledged the impact of inflationary pressures on operating segment income and margins [72] Other Important Information - The company has seen a strong performance from ViX, with all key performance indicators trending positively [39] - The launch of new partnerships and programming strategies has significantly increased engagement and revenue [41][42] Q&A Session Summary Question: What was the driver behind the high margin in the Other business segment? - The increase in revenue in gaming of 22% and soccer revenue growth of 13% were key drivers [81] Question: Are you revising your CapEx guidance for the year? - The estimated CapEx for the year remains around $620 million, considering FX volatility [87] Question: Were there any geographical areas that saw particularly high churn this quarter? - Management is analyzing churn reasons and addressing various factors contributing to it [83]

REPORT OF FOREIGN ISSUER PURSUANT TO RULES 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K (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 Quarterly Financial Information For the month of May, 2023 | [105000] | Management commentary | 2 | | --- | --- | --- | | [110000] | General information about financial statements | 12 | | ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE AC ...

Grupo Televisa, S.A.B. (NYSE:TV) Q1 2023 Earnings Conference Call April 26, 2023 12:00 PM ET Company Participants Alfonso de Angoitia - Co-CEO Pepe Antonio Gonzalez - CEO, Cable Luis Malvido - CEO, Sky Carlos Phillips - CFO Conference Call Participants Lucas Chaves - UBS Carlos de Legarreta - ITAU Phani Kanumuri - HSBC Luca Brendon - Bank of America Operator Good morning everyone and welcome to the Grupo Televisa's First Quarter 2023 Conference Call. Before we begin, I would like to draw your attention to t ...