Cablevisión Holding Announces its First Quarter 2025 Results
Rhea-AI Summary
Cablevisión Holding (CVHSY) reported strong Q1 2025 financial results, significantly impacted by its recent acquisition of Telefónica Móvil Argentina (TMA) on February 24, 2025. Total revenues reached Ps. 1,363,353 million, marking a 27.8% increase year-over-year, primarily driven by TMA integration and higher ARPUs across services. EBITDA grew 39.2% to Ps. 448,589 million, with margin expanding to 32.9% from 30.2% in Q1 2024. The company's consolidated net income was Ps. 86,768 million, with Ps. 28,371 million attributable to controlling shareholders. Total costs increased 22.9% to Ps. 914,764 million, mainly due to TMA incorporation, though excluding this effect, costs rose only 1.0% compared to Q1 2024.
Positive
- Significant revenue growth of 27.8% YoY to Ps. 1,363,353 million
- EBITDA margin expansion to 32.9% from 30.2% in Q1 2024
- Strong EBITDA growth of 39.2% YoY to Ps. 448,589 million
- Strategic acquisition of Telefónica Móvil Argentina completed
- Controlled cost growth of just 1.0% YoY excluding TMA acquisition
Negative
- Significant decline in net income by 91.7% YoY to Ps. 86,768 million
- Decrease in fixed telephony copper accesses
- Total costs increased 22.9% due to TMA integration
BUENOS AIRES, ARGENTINA / ACCESS Newswire / May 12, 2025 / CablevisiónV Holding S.A., ("Cablevision Holding"), ("CVH" or "the Company") - (BCBA:CVH)(Level 1:CVHSY), controlling shareholder of Telecom Argentina S.A. (NYSE:TEO)(BCBA:TECO2), announced today its First Quarter 2025 Results. Figures have been prepared in accordance with International Financial Reporting Standards ("IFRS") and are stated in constant Argentine Pesos ("Ps." or "P$") as of March 31, 2025, unless otherwise indicated.
The Company's Management has applied IAS 29 (inflation adjustment) in the preparation of these financial statements, following the provisions of Resolution 777/18, issued by the Comisión Nacional de Valores ("CNV").
CVH Highlights (1Q25 vs. 1Q24):
This quarter includes results of Telefónica Móvil Argentina ('TMA'), which was acquired by Telecom Argentina on February 24, 2025, hence, the results for the 1Q25 aren't comparable to the results of 1Q24 as they include results of TMA from March 1 st 2025.
Total Revenues reached Ps. 1,363,353 million, an increase of
27.8% in real terms as of 1Q25, compared to the same period of 2024, mostly driven by the incorporation of revenue from TMA and by higher ARPUs in real terms in all of the services, in part the effect of price increases carried implemented in 2024 and the decrease in inflation rate; partially offset by a decrease in fixed telephony copper accesses.Total Costs (Excluding Depreciation and Amortization) reached Ps. 914,764 million, an increase of
22.9% in constant currency, mainly driven by higher costs on all items, except for bad debt, driven by the incorporation of TMA. Excluding this effect, total costs reached Ps. 751,837 million, an increase of1.0% compared to 1Q24.EBITDA reached Ps. 448,589 million as of 1Q25, an increase of
39.2% in real terms compared to 1Q24, mainly driven by the incorporation of TMA's EBITDA, and by higher revenues (excluding TMA)1Q24,resulting in a higher EBITDA Margin of32.9% in 1Q25, compared to30.2% in 1Q24.Consolidated Net Income amounted to Ps. 86,768 million. Consolidated net income attributable to the Controlling Company amounted to Ps. 28,371 million.
FINANCIAL HIGHLIGHTS
(millions of Ps. in constant Currency as of March 31, 2025) | 1Q25 | 1Q24 | % Ch. | 4Q24 | QoQ | ||||||||||||
Total Revenues | 1,363,353 | 1,066,430 | 27.8 | % | 1,146,786 | 18.9 | % | ||||||||||
EBITDA (1) | 448,589 | 322,336 | 39.2 | % | 292,194 | 53.5 | % | ||||||||||
EBITDA Margin (2) | 32.9 | % | 30.2 | % | 8.9 | % | 25.5 | % | 29.1 | % | |||||||
Net income | 86,768 | 1,050,732 | (91.7 | %) | 1,459 | 5848.0 | % | ||||||||||
Attributable to: | |||||||||||||||||
Equity Shareholders | 28,371 | 407,815 | (93.0 | %) | (4,558 | ) | (722.5 | %) | |||||||||
Non-Controlling Interests | 58,397 | 642,917 | (90.9 | %) | 6,017 | 870.6 | % |
(1) EBITDA is defined as Total Revenues minus operating cost and expenses (excluding depreciation and amortization). We believe that EBITDA is a meaningful measure of our performance. It is commonly used to analyze and compare media companies based on operating performance, leverage and liquidity. Nonetheless, EBITDA is not a measure of net income or cash flow from operations and should not be considered as an alternative to net income, an indication of our financial performance, an alternative to cash flow from operating activities or a measure of liquidity. Other companies may compute EBITDA in a different manner; therefore, EBITDA as reported by other companies may not be comparable to EBITDA as we report it.
(2 ) EBITDA Margin is defined as EBITDA over Total Revenues .
CONFERENCE CALL AND WEBCAST INFORMATION
CABLEVISIÓN HOLDING S.A
(BCBA:CVH) / (OTC PINK:CVHSY)
cordially invites you to participate in its Webcast Presentation
to discuss the First Quarter 2025 Results
Date: Wednesday, May 14, 2025
Time: 12:00pm Buenos Aires Time/11:00am New York Time/4:00pm London
To access the live stream and slide presentation, visit: https://event.choruscall.com/mediaframe/webcast.html?webcastid=5xXCbiL0
The webcast presentation will also be available at: https://www.cablevisionholding.com/Investors
ABOUT THE COMPANY
CVH was founded as corporate spin-off from Grupo Clarín S.A. and it is the first Argentine holding company that engages in the development of infrastructure and the provision of convergent telecommunications services, focusing on Argentina and the region. CVH's subsidiaries specialize in the provision of cable TV, broadband and mobile communications services; and their brands are well known in the telecommunications and content distribution industries.
Disclaimer
Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of CVH. You can identify forward-looking statements by terms such as "expect", "believe", "anticipate", "estimate", "intend", "will", "could", "may" or "might" the negative of such terms or other similar expressions. These statements are only predictions and actual events or results may differ materially. CVH does not intend to or undertake any obligation to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in CVH's projections or forward-looking statements, including, among others, general economic conditions, CVH's competitive environment, risks associated with operating in Argentina a, rapid technological and market change, and other factors specifically related to CVH and its operations.
Investor Relations Contacts | ||
In Buenos Aires: | In New York: | |
Cablevisión Holding S.A. | Fig Corporate Communications | |
Samantha Olivieri, Head of Investor Relations | Camilla Ferreira and Marcella Ewerton Dragone | |
Email: ir@cvh.com.ar | Email: fig@fig.ooo | |
Tel: (+54 11) 4309 - 3417 | Tel: +1 917 691-4047 | |
SOURCE: Cablevision Holding S.A.
View the original press release on ACCESS Newswire
FAQ
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