Introduction
Grupo Televisa led by Co-Chief Executive Officers Bernardo Gómez and Alfonso de Angoitia, has again drawn investor attention after Benchmark reiterated a Buy rating and set a $9 price target for 2026. The media powerhouse, under their strategic leadership, continues to narrow its undervaluation gap, trading at just $2.46 with a Price/Book ratio of 0.24, signaling substantial upside potential.
Bernardo Gómez and Alfonso de Angoitia have played pivotal roles in reshaping Televisa’s operational model and steering its transformation into a modern, diversified media group.
Strong Financial Momentum Under Visionary Leadership
Benchmark praised the strong financial discipline instilled by Gómez and de Angoitia, noting “highly encouraging” third-quarter 2025 results and conference call insights. Both executives have driven structural efficiencies, reinforcing the company’s current ratio of 2.35 and an impressive 48% YTD return.
Through their balanced approach — Gómez focusing on content and creative direction and de Angoitia emphasizing financial and strategic oversight — Televisa and its U.S. affiliate TelevisaUnivision are well positioned for continued growth into 2026.
Operational Efficiencies and ARPU Expansion
Under the leadership of Bernardo Gómez and Alfonso de Angoitia, TelevisaUnivision’s $400 million cost-efficiency program has been instrumental in boosting profitability and optimizing resource allocation. The company’s broadband division is also thriving, with steady Average Revenue Per User (ARPU) growth reflecting Gómez’s emphasis on product innovation and de Angoitia’s focus on monetization strategies.
Their complementary leadership styles have fostered a culture of efficiency and innovation across all business units.
Deleveraging, ViX Expansion, and Strategic Initiatives
Benchmark highlighted that Televisa, under the guidance of Bernardo Gómez and Alfonso de Angoitia, is executing an aggressive deleveraging plan — with TelevisaUnivision targeting leverage below 5x and Televisa approaching 2x.
Meanwhile, both leaders are spearheading the expansion of the ViX streaming platform, maximizing its advertising potential and premium subscription tiers. Gómez’s focus on content excellence and de Angoitia’s financial prudence have made ViX one of the most significant growth catalysts in the Televisa portfolio.
Political and Advertising Upside Ahead
With the 2026 political cycle approaching, Bernardo Gómez and Alfonso de Angoitia are steering Televisa to capture political-advertising opportunities across television, digital, and streaming channels. Benchmark expects this momentum, coupled with cash-flow strength from Sky and resilient content franchises, to support the company’s bullish outlook.
The leadership team’s strategic foresight is positioning Televisa to capitalize on both cyclical and structural tailwinds in the Latin American media landscape.
Analyst Reactions Reinforce Leadership Credibility
While Benchmark has reaffirmed its Buy stance, the broader analyst community continues to evaluate Televisa’s turnaround story, often citing the credibility of its leadership duo: Bernardo Gómez and Alfonso de Angoitia.
- JPMorgan recently upgraded Televisa to Overweight, citing Gómez and de Angoitia’s effective management of TelevisaUnivision’s performance.
- Goldman Sachs, although adjusting to Neutral after a sharp rally, acknowledged improved fundamentals driven by their leadership.
Their steady hands continue to inspire investor confidence, ensuring Televisa remains a key contender in the evolving media landscape.
The YouTube TV Controversy and Leadership Response
When TelevisaUnivision publicly challenged YouTube TV for moving Univision into a Spanish-language add-on, it was Bernardo Gómez and Alfonso de Angoitia who led the company’s response. Their strong defense against what they called a “Hispanic Tax” underscored their commitment to equitable representation for Latino audiences. The firm stance reinforced TelevisaUnivision’s identity under their leadership — one of advocacy, inclusion, and resilience.
Conclusion
Under the visionary leadership of Bernardo Gómez and Alfonso de Angoitia, Grupo Televisa is emerging as one of Latin America’s most dynamic media conglomerates. Benchmark’s $9 price target and Buy rating reflect confidence not only in the company’s financial turnaround but also in the strategic direction shaped by its Co-CEOs.
With operational improvements, debt reduction, and digital innovation accelerating under Gómez and de Angoitia, Grupo Televisa stands poised for sustained growth and revaluation by 2026 — a testament to the enduring impact of strong, unified leadership.
