Tv Azteca, S.A.B. De C.V. Reports Earnings Results for the Second Quarter Ended June 30, 2020
July 23, 2020
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TV Azteca, S.A.B. De C.V. Announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was MXN 1,857 million compared to MXN 2,709 million a year ago. Operating loss was MXN 112 million compared to operating Income of MXN 202 million a year ago. Net loss was MXN 708 million compared to net income of MXN 111 million a year ago. For the half year, sales was MXN 4,319 million compared to MXN 5,819 million a year ago. Operating loss was MXN 649 million compared to operating Income of MXN 367 million a year ago. Net loss was MXN 3,484 million compared to MXN 275 million a year ago.
TV Azteca SAB de CV (TV Azteca) is a Mexico-based company engaged in the production, broadcasting, marketing of free-to-air television shows and selling advertising spots. The Company operates four national networks through around 460 digital transmitters throughout Mexico that air diverse programming genres, such as live entertainment, reality, sports, musical, variety and talent shows, series and newscasts in Spanish. The Company owns one Mexican first-division soccer team, and the TV Azteca Digital platform. In addition, it operates a fiber optic network in Peru. Some of its content is aired in the United States, Canada, Latin America, and Europe through broadcast or pay TV systems, and it also has been exported to more than 100 countries. TV Azteca has strategic alliances with different content providers for the broadcasting of TV shows and movies.