Cablevisión Holding Announces its First Quarter 2025 Results
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.
Cablevisión Holding (CVHSY) ha riportato solidi risultati finanziari del primo trimestre 2025, fortemente influenzati dalla recente acquisizione di Telefónica Móvil Argentina (TMA) avvenuta il 24 febbraio 2025. I ricavi totali hanno raggiunto i Ps. 1.363.353 milioni, segnando un aumento del 27,8% su base annua, principalmente grazie all'integrazione di TMA e all'aumento degli ARPU su tutti i servizi. L'EBITDA è cresciuto del 39,2% arrivando a Ps. 448.589 milioni, con un margine che si è ampliato al 32,9% rispetto al 30,2% del primo trimestre 2024. L'utile netto consolidato della società è stato di Ps. 86.768 milioni, di cui Ps. 28.371 milioni attribuibili agli azionisti di controllo. I costi totali sono aumentati del 22,9% raggiungendo Ps. 914.764 milioni, principalmente a causa dell'incorporazione di TMA, anche se escludendo questo effetto, i costi sono aumentati solo dell'1,0% rispetto al primo trimestre 2024.
Cablevisión Holding (CVHSY) reportó sólidos resultados financieros del primer trimestre de 2025, significativamente impactados por su reciente adquisición de Telefónica Móvil Argentina (TMA) el 24 de febrero de 2025. Los ingresos totales alcanzaron los Ps. 1.363.353 millones, lo que representa un aumento del 27,8% interanual, impulsado principalmente por la integración de TMA y mayores ARPU en todos los servicios. El EBITDA creció un 39,2% hasta Ps. 448.589 millones, con un margen que se expandió al 32,9% desde el 30,2% en el primer trimestre de 2024. El resultado neto consolidado de la compañía fue de Ps. 86.768 millones, con Ps. 28.371 millones atribuibles a los accionistas controladores. Los costos totales aumentaron un 22,9% hasta Ps. 914.764 millones, principalmente debido a la incorporación de TMA, aunque excluyendo este efecto, los costos solo crecieron un 1,0% en comparación con el primer trimestre de 2024.
Cablevisión Holding(CVHSY)는 2025년 1분기 강력한 재무 실적을 보고했으며, 이는 2025년 2월 24일에 인수한 Telefónica Móvil Argentina(TMA)의 영향이 컸습니다. 총 수익은 1,363,353백만 페소에 달해 전년 동기 대비 27.8% 증가했으며, 이는 주로 TMA 통합과 모든 서비스에서의 ARPU 증가에 기인합니다. EBITDA는 39.2% 성장하여 448,589백만 페소에 이르렀고, 마진은 2024년 1분기 30.2%에서 32.9%로 확대되었습니다. 회사의 연결 순이익은 86,768백만 페소였으며, 이 중 28,371백만 페소는 지배 주주에게 귀속되었습니다. 총 비용은 TMA 편입으로 인해 22.9% 증가하여 914,764백만 페소에 달했으나, 이 효과를 제외하면 비용은 2024년 1분기 대비 1.0%만 증가했습니다.
Cablevisión Holding (CVHSY) a publié de solides résultats financiers du premier trimestre 2025, fortement impactés par sa récente acquisition de Telefónica Móvil Argentina (TMA) le 24 février 2025. Les revenus totaux ont atteint 1 363 353 millions de Ps., soit une augmentation de 27,8 % en glissement annuel, principalement grâce à l'intégration de TMA et à la hausse des ARPU sur l'ensemble des services. L'EBITDA a progressé de 39,2 % pour atteindre 448 589 millions de Ps, avec une marge passant de 30,2 % au premier trimestre 2024 à 32,9 %. Le résultat net consolidé de la société s'est élevé à 86 768 millions de Ps, dont 28 371 millions de Ps attribuables aux actionnaires contrôlants. Les coûts totaux ont augmenté de 22,9 % pour atteindre 914 764 millions de Ps, principalement en raison de l'incorporation de TMA, bien qu'en excluant cet effet, les coûts n'aient augmenté que de 1,0 % par rapport au premier trimestre 2024.
Cablevisión Holding (CVHSY) meldete starke Finanzergebnisse für das erste Quartal 2025, die maßgeblich durch die kürzliche Übernahme von Telefónica Móvil Argentina (TMA) am 24. Februar 2025 beeinflusst wurden. Die Gesamterlöse erreichten 1.363.353 Millionen Ps., was einem Anstieg von 27,8 % im Jahresvergleich entspricht, hauptsächlich getrieben durch die Integration von TMA und höhere ARPUs über alle Dienste hinweg. Das EBITDA wuchs um 39,2 % auf 448.589 Millionen Ps, wobei die Marge von 30,2 % im ersten Quartal 2024 auf 32,9 % anstieg. Der konsolidierte Nettogewinn des Unternehmens betrug 86.768 Millionen Ps, davon entfallen 28.371 Millionen Ps auf die Mehrheitsaktionäre. Die Gesamtkosten stiegen um 22,9 % auf 914.764 Millionen Ps, hauptsächlich aufgrund der Integration von TMA, wobei ohne diesen Effekt die Kosten im Vergleich zum ersten Quartal 2024 nur um 1,0 % zunahmen.
- 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
- 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
What were CVHSY's Q1 2025 revenue and EBITDA results?
When did Cablevisión Holding acquire Telefónica Móvil Argentina (TMA)?
What was CVHSY's net income for Q1 2025?
How did CVHSY's operating costs perform in Q1 2025?
What drove CVHSY's revenue growth in Q1 2025?
