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Cablevisión Holding S.A. reports recurring earnings and webcast updates as the controlling shareholder of Telecom Argentina S.A. The company’s announcements focus on IFRS results prepared in constant Argentine pesos, inflation-adjustment accounting under IAS 29, and operating drivers across Telecom Argentina’s mobile, internet, cable TV, and fixed telephony services.
News for CVHSY commonly covers revenue and cost trends, ARPU movements, service-access changes, and comparability effects from completed Telecom Argentina transactions, including the incorporation of Telefónica Móvil Argentina results. The issuer trades in Argentina under CVH and on the OTC Pink market under CVHSY.
Cablevisión Holding S.A. (CVHSY) reported its Nine months and Third Quarter 2021 Results, showing total revenues at Ps. 292,983 million, a 7.7% decrease from 2020, mainly due to lower earnings in mobile, internet, telephony, and cable TV. Operating costs fell by 3.2% to Ps. 197,818 million, with significant reduction in bad debt expenses. EBITDA decreased 15.9% to Ps. 95,165 million, resulting in a lower margin of 32.5%. Consolidated net income turned positive at Ps. 1,392 million, with equity shareholders' net income of Ps. 509 million.
Cablevisión Holding S.A. (CVHSY) reported its 1H21 results, showing a 8.6% decrease in total revenues, which totaled Ps. 180,018 million. This decline is attributed to lower earnings from mobile, internet, fixed telephony, and cable TV services, compounded by inflation rates of 50.2% over the year. Consolidated net loss reached Ps. 1,883 million, a shift from a profit of Ps. 3,246 million in 1H20. The EBITDA margin fell to 33.9%, down from 36.4% in the prior year, reflecting the challenging economic environment.
Cablevisión Holding S.A. (CVHSY) reported its 1Q21 results, indicating a 7.8% decrease in total revenues to Ps. 82,547 million compared to 1Q20. This decline stemmed from lower revenues across mobile, internet, and cable services, despite a rise in equipment sales. Total costs fell by 9.7% to Ps. 52,564 million. EBITDA decreased 4.3% to Ps. 29,983 million, yielding an EBITDA margin of 36.3%. Net income amounted to Ps. 8,955 million, reflecting a 126.3% increase in losses attributable to the controlling company.
Cablevisión Holding (CVHSY) reported its 2020 financial results. Total revenues decreased by 6.5% to Ps. 301,596 million, affected by lower income from internet, cable TV, and fixed telephony. Despite a revenue decline, EBITDA saw a smaller dip of 1.8%, reaching Ps. 102,642 million, with an improved EBITDA margin of 34.0%. The consolidated net loss was Ps. 5,874 million, a 16.8% improvement compared to 2019. Price increases for services were suspended during the pandemic, impacting revenue growth.
Cablevision Holding (CVHSY) announced its financial results for the first half and second quarter of 2020. Total revenues decreased by 3.0% to Ps. 131,158 million, impacted by lower sales in equipment, internet, and cable services, although partially offset by higher mobile service revenues. Total costs dropped by 7.3%, leading to an EBITDA increase of 5.5% to Ps. 47,714 million, with an EBITDA margin of 36.4%. However, consolidated net income fell by 76.1% to Ps. 2,161 million, with net income attributable to shareholders down 71.7% to Ps. 879 million.
Cablevisión Holding S.A. will host a conference call and webcast on August 26, 2020, at 1:00 pm ET to discuss its Q2 2020 Earnings Results. The earnings release will be available on August 19, 2020, after market close. Participants can join by dialing 1-877-830-2576 (U.S.) or +1-785-424-1726 (international) 5-10 minutes prior to the start. Access to the live stream is available here. A replay will be available for seven days post-event. Cablevisión specializes in telecommunication services in Argentina.