Grupo Televisa SAB's stock plummeted 5.35% during intraday trading on Friday, following the release of its quarterly earnings report.

The media company reported an adjusted loss of 78 cents per share for the quarter ended December 31, significantly worse than the 2 cents per share loss analysts had expected. Revenue of $795.66 million also fell short of the $806.46 million consensus estimate, despite representing a 4.9% increase from the same period last year.

The earnings miss comes as the company reported a quarterly loss of $420.1 million, though the per-share loss showed improvement from the 90 cents loss reported in the same quarter a year ago.