{"success":true,"data":{"pressRelease":{"id":"30728","rtpr_id":"nNFCc3KFY4","ticker":"TEO","exchange":"NYSE","all_tickers":["TEO","CVHM"],"title":"Cablevisión Holding Announces Its First Quarter 2026 Results","author":"Newsfile Corp","published_at":"2026-05-12T02:06:39.867Z","article_body":"Buenos Aires, Argentina--(Newsfile Corp. - May 11, 2026) - Cablevisión\nHolding S.A., (OTC Pink: CVHSY) (BCBA: CVH) (\"Cablevision Holding\", \"CVH\" or\n\"the Company\") controlling shareholder of Telecom Argentina S.A. (NYSE: TEO)\n(BCBA: TECO2), announced today its First Quarter 2026 Results. Figures have\nbeen prepared in accordance with International Financial Reporting Standards\n(\"IFRS\") and are stated in constant Argentine Pesos (\"Ps.\" or \"P$\") as of\nMarch 31, 2026, unless otherwise indicated.\n\nThe Company's Management has applied IAS 29 (inflation adjustment) in the\npreparation of these financial statements, following the provisions of\nResolution 777/18, issued by the Comisión Nacional de Valores (\"CNV\").\n\nCVH Highlights (1Q26 vs. 1Q25):\n*\nThis year includes results of Telefónica Móvil Argentina ('TMA'), which was\nacquired by Telecom Argentina on February 24, 2025, hence, the results for the\n1Q26 aren't comparable to the results of 1Q25 as they include results of TMA\nfrom March 1(st) 2025.\n*\nTotal Revenues reached Ps. 2,357,686 million, an increase of 30.5% in real\nterms as of 1Q26, compared to the same period of 2025, mostly driven by the\nincorporation of revenue from TMA and by higher ARPUs in real terms in mobile\nservices, in part the effect of price increases carried implemented in 2025;\npartially offset by lower sales of equipment and fixed telephony and data\nservices.\n*\nTotal Costs (Excluding Depreciation and Amortization) reached Ps. 1,543,469\nmillion, an increase of 27.4% in constant currency, mainly driven by higher\ncosts on all items, driven by the incorporation of TMA. Excluding this effect,\ntotal costs reached Ps. 931,863 million, a decrease of 6.5% compared to 1Q25.\n*\nEBITDA reached Ps. 814,217 million as of 1Q26, an increase of 36.9% in real\nterms compared to 1Q25, mainly driven by the incorporation of TMA's EBITDA,\nand from cost efficiencies realized by the company, resulting in a higher\nEBITDA Margin of 34.5% in 1Q26, compared to 32.9% in 1Q25.\n*\nConsolidated Net Income amounted to Ps. 628,855 million. Consolidated net\nincome attributable to the Controlling Company amounted to Ps. 234,688\nmillion.\n\nFINANCIAL HIGHLIGHTS\n\n (millions of Ps. in constant Currency as of March 31, 2026)  1Q26       1Q25       % Ch.   4Q25       QoQ     \n Total Revenues                                               2,357,686  1,806,103  30.5%   2,478,327  (4.9%)  \n EBITDA ((1))                                                 814,217    594,859    36.9%   726,053    12.1%   \n EBITDA Margin ((2))                                          34.5%      32.9%      4.9%    29.3%      17.9%   \n Net income                                                   628,855    115,060    446.5%  155,050    305.6%  \n Attributable to:                                                                                              \n Equity Shareholders                                          234,688    37,622     523.8%  53,040     342.5%  \n Non-Controlling Interests                                    394,167    77,438     409.0%  102,010    286.4%  \n\n \n\n((1)) EBITDA is defined as Total Revenues minus operating cost and expenses\n(excluding depreciation and amortization). We believe that EBITDA is a\nmeaningful measure of our performance. It is commonly used to analyze and\ncompare media companies based on operating performance, leverage and\nliquidity. Nonetheless, EBITDA is not a measure of net income or cash flow\nfrom operations and should not be considered as an alternative to net income,\nan indication of our financial performance, an alternative to cash flow from\noperating activities or a measure of liquidity. Other companies may compute\nEBITDA in a different manner; therefore, EBITDA as reported by other companies\nmay not be comparable to EBITDA as we report it.\n((2 )) EBITDA Margin is defined as EBITDA over Total Revenues. \n\nCONFERENCE CALL AND WEBCAST INFORMATION\nCABLEVISIÓN HOLDING S.A\n(BYMA: CVH) (OTC Pink: CVHSY)\ncordially invites you to participate in its Webcast Presentation\nto discuss the First Quarter 2026 Results\n\nDate: Wednesday, May 13, 2026\nTime: 12:00pm Buenos Aires /11:00am New York /3:00pm London\n\nTo access the live stream and slide presentation, visit:\nhttps://event.choruscall.com/mediaframe/webcast.html?webcastid=B7VbKXvN\n\nThe webcast presentation will also be available at:\nhttps://www.cablevisionholding.com/Inversores\n\nABOUT THE COMPANY\n\nCVH was founded as corporate spin-off from Grupo Clarín S.A. and it is the\nfirst Argentine holding company that engages in the development of\ninfrastructure and the provision of convergent telecommunications services,\nfocusing on Argentina and the region. CVH's subsidiaries specialize in the\nprovision of cable TV, broadband and mobile communications services; and their\nbrands are well known in the telecommunications and content distribution\nindustries.\n\nDisclaimer\nSome of the information in this press release may contain projections or other\nforward-looking statements regarding future events or the future financial\nperformance of CVH. You can identify forward-looking statements by terms such\nas \"expect\", \"believe\", \"anticipate\", \"estimate\", \"intend\", \"will\", \"could\",\n\"may\" or \"might\" the negative of such terms or other similar expressions.\nThese statements are only predictions and actual events or results may differ\nmaterially. CVH does not intend to or undertake any obligation to update these\nstatements to reflect events and circumstances occurring after the date hereof\nor to reflect the occurrence of unanticipated events. Many factors could cause\nthe actual results to differ materially from those contained in CVH's\nprojections or forward-looking statements, including, among others, general\neconomic conditions, CVH's competitive environment, risks associated with\noperating in Argentina a, rapid technological and market change, and other\nfactors specifically related to CVH and its operations.\n\n Investor Relations Contacts:                                                                                                                                                                                                                                                                \n In Buenos Aires: Cablevisión Holding S.A. Samantha Olivieri, Head of Investor Relations Email: ir@cvh.com.ar Tel: (+54 11) 4309 – 3417  www.cvh.com.ar     In New York: Fig Corporate Communications Camilla Ferreira and Marcella Ewerton Dragone Email: fig@fig.ooo Tel: +1 917 691-4047  \n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/297079","article_body_html":"","raw_payload":{"data":{"id":"nNFCc3KFY4","title":"Cablevisión Holding Announces Its First Quarter 2026 Results","author":"Newsfile Corp","ticker":"TEO","created":"2026-05-12T02:06:39.867Z","tickers":["TEO","CVHM"],"exchange":"NYSE","article_body":"Buenos Aires, Argentina--(Newsfile Corp. - May 11, 2026) - Cablevisión\nHolding S.A., (OTC Pink: CVHSY) (BCBA: CVH) (\"Cablevision Holding\", \"CVH\" or\n\"the Company\") controlling shareholder of Telecom Argentina S.A. (NYSE: TEO)\n(BCBA: TECO2), announced today its First Quarter 2026 Results. Figures have\nbeen prepared in accordance with International Financial Reporting Standards\n(\"IFRS\") and are stated in constant Argentine Pesos (\"Ps.\" or \"P$\") as of\nMarch 31, 2026, unless otherwise indicated.\n\nThe Company's Management has applied IAS 29 (inflation adjustment) in the\npreparation of these financial statements, following the provisions of\nResolution 777/18, issued by the Comisión Nacional de Valores (\"CNV\").\n\nCVH Highlights (1Q26 vs. 1Q25):\n*\nThis year includes results of Telefónica Móvil Argentina ('TMA'), which was\nacquired by Telecom Argentina on February 24, 2025, hence, the results for the\n1Q26 aren't comparable to the results of 1Q25 as they include results of TMA\nfrom March 1(st) 2025.\n*\nTotal Revenues reached Ps. 2,357,686 million, an increase of 30.5% in real\nterms as of 1Q26, compared to the same period of 2025, mostly driven by the\nincorporation of revenue from TMA and by higher ARPUs in real terms in mobile\nservices, in part the effect of price increases carried implemented in 2025;\npartially offset by lower sales of equipment and fixed telephony and data\nservices.\n*\nTotal Costs (Excluding Depreciation and Amortization) reached Ps. 1,543,469\nmillion, an increase of 27.4% in constant currency, mainly driven by higher\ncosts on all items, driven by the incorporation of TMA. Excluding this effect,\ntotal costs reached Ps. 931,863 million, a decrease of 6.5% compared to 1Q25.\n*\nEBITDA reached Ps. 814,217 million as of 1Q26, an increase of 36.9% in real\nterms compared to 1Q25, mainly driven by the incorporation of TMA's EBITDA,\nand from cost efficiencies realized by the company, resulting in a higher\nEBITDA Margin of 34.5% in 1Q26, compared to 32.9% in 1Q25.\n*\nConsolidated Net Income amounted to Ps. 628,855 million. Consolidated net\nincome attributable to the Controlling Company amounted to Ps. 234,688\nmillion.\n\nFINANCIAL HIGHLIGHTS\n\n (millions of Ps. in constant Currency as of March 31, 2026)  1Q26       1Q25       % Ch.   4Q25       QoQ     \n Total Revenues                                               2,357,686  1,806,103  30.5%   2,478,327  (4.9%)  \n EBITDA ((1))                                                 814,217    594,859    36.9%   726,053    12.1%   \n EBITDA Margin ((2))                                          34.5%      32.9%      4.9%    29.3%      17.9%   \n Net income                                                   628,855    115,060    446.5%  155,050    305.6%  \n Attributable to:                                                                                              \n Equity Shareholders                                          234,688    37,622     523.8%  53,040     342.5%  \n Non-Controlling Interests                                    394,167    77,438     409.0%  102,010    286.4%  \n\n \n\n((1)) EBITDA is defined as Total Revenues minus operating cost and expenses\n(excluding depreciation and amortization). We believe that EBITDA is a\nmeaningful measure of our performance. It is commonly used to analyze and\ncompare media companies based on operating performance, leverage and\nliquidity. Nonetheless, EBITDA is not a measure of net income or cash flow\nfrom operations and should not be considered as an alternative to net income,\nan indication of our financial performance, an alternative to cash flow from\noperating activities or a measure of liquidity. Other companies may compute\nEBITDA in a different manner; therefore, EBITDA as reported by other companies\nmay not be comparable to EBITDA as we report it.\n((2 )) EBITDA Margin is defined as EBITDA over Total Revenues. \n\nCONFERENCE CALL AND WEBCAST INFORMATION\nCABLEVISIÓN HOLDING S.A\n(BYMA: CVH) (OTC Pink: CVHSY)\ncordially invites you to participate in its Webcast Presentation\nto discuss the First Quarter 2026 Results\n\nDate: Wednesday, May 13, 2026\nTime: 12:00pm Buenos Aires /11:00am New York /3:00pm London\n\nTo access the live stream and slide presentation, visit:\nhttps://event.choruscall.com/mediaframe/webcast.html?webcastid=B7VbKXvN\n\nThe webcast presentation will also be available at:\nhttps://www.cablevisionholding.com/Inversores\n\nABOUT THE COMPANY\n\nCVH was founded as corporate spin-off from Grupo Clarín S.A. and it is the\nfirst Argentine holding company that engages in the development of\ninfrastructure and the provision of convergent telecommunications services,\nfocusing on Argentina and the region. CVH's subsidiaries specialize in the\nprovision of cable TV, broadband and mobile communications services; and their\nbrands are well known in the telecommunications and content distribution\nindustries.\n\nDisclaimer\nSome of the information in this press release may contain projections or other\nforward-looking statements regarding future events or the future financial\nperformance of CVH. You can identify forward-looking statements by terms such\nas \"expect\", \"believe\", \"anticipate\", \"estimate\", \"intend\", \"will\", \"could\",\n\"may\" or \"might\" the negative of such terms or other similar expressions.\nThese statements are only predictions and actual events or results may differ\nmaterially. CVH does not intend to or undertake any obligation to update these\nstatements to reflect events and circumstances occurring after the date hereof\nor to reflect the occurrence of unanticipated events. Many factors could cause\nthe actual results to differ materially from those contained in CVH's\nprojections or forward-looking statements, including, among others, general\neconomic conditions, CVH's competitive environment, risks associated with\noperating in Argentina a, rapid technological and market change, and other\nfactors specifically related to CVH and its operations.\n\n Investor Relations Contacts:                                                                                                                                                                                                                                                                \n In Buenos Aires: Cablevisión Holding S.A. Samantha Olivieri, Head of Investor Relations Email: ir@cvh.com.ar Tel: (+54 11) 4309 – 3417  www.cvh.com.ar     In New York: Fig Corporate Communications Camilla Ferreira and Marcella Ewerton Dragone Email: fig@fig.ooo Tel: +1 917 691-4047  \n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/297079"},"type":"article","timestamp":"2026-05-12T02:06:39.911846052Z","server_sent_at_ms":1778551599911},"received_at":"2026-05-12T02:06:39.968Z","source_url":"https://www.newsfilecorp.com/release/297079"},"analysis":{"id":"22771","press_release_id":"30728","analysis_json":{"industry":{"label":"Telecommunication Services","sector":"Communication Services"},"redFlags":[],"eventType":"earnings","narrative":"Cablevisión Holding (TEO) reported 1Q26 total revenues of Ps. 2,357,686 million, a 30.5% increase in real terms compared to 1Q25.\n\nEBITDA for the quarter reached Ps. 814,217 million, up 36.9% in real terms, driven by the acquisition of Telefónica Móvil Argentina and cost efficiencies.\n\nNet income surged to Ps. 628,855 million, a 446.5% increase from 1Q25, with attributable net income to the controlling company at Ps. 234,688 million, up 523.8%.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Strong Q1 earnings with significant revenue and EBITDA growth, driven by TMA acquisition and cost efficiencies."},"keyFigures":{"eps":0,"epsBeat":0,"revenue":2357686000000,"guidance":"","revenueYoy":"30.5%","customDimensions":{"ebitda":814217000000,"net_income":628855000000,"ebitda_margin":"34.5%","attributable_net_income":234688000000,"non_controlling_interests":394167000000}},"quotedText":"These statements are only predictions and actual events or results may differ materially.","namedEntities":{"people":[{"name":"Samantha Olivieri","role":"Head of Investor Relations"},{"name":"Camilla Ferreira","role":"Investor Relations"},{"name":"Marcella Ewerton Dragone","role":"Investor Relations"}],"products":[],"companies":[{"name":"Cablevisión Holding S.A.","ticker":"TEO","relationship":"issuer"},{"name":"Telecom Argentina S.A.","ticker":"TEO","relationship":"subsidiary"},{"name":"Telefónica Móvil Argentina","ticker":"","relationship":"acquired"},{"name":"Fig Corporate Communications","ticker":"","relationship":"investor relations firm"}],"dollarAmounts":[{"amount":"Ps. 2,357,686 million","context":"1Q26 total revenues"},{"amount":"Ps. 1,806,103 million","context":"1Q25 total revenues"},{"amount":"Ps. 1,543,469 million","context":"1Q26 total costs (excluding depreciation and amortization)"},{"amount":"Ps. 931,863 million","context":"1Q26 total costs (excluding TMA effect)"},{"amount":"Ps. 814,217 million","context":"1Q26 EBITDA"},{"amount":"Ps. 628,855 million","context":"1Q26 consolidated net income"},{"amount":"Ps. 234,688 million","context":"1Q26 net income attributable to controlling company"},{"amount":"Ps. 394,167 million","context":"1Q26 net income attributable to non-controlling interests"}]},"materialImpact":{"score":4,"reasoning":"Strong revenue and EBITDA growth, with a significant increase in net income. The acquisition of TMA has driven these improvements, but the company also realized cost efficiencies."},"tickerRelevance":{"others":[{"ticker":"CVHSY","relevance":"OTC Pink ticker"},{"ticker":"CVH","relevance":"BCBA ticker"},{"ticker":"TECO2","relevance":"BCBA ticker for Telecom Argentina"}],"primary":"TEO"},"globalImportance":35,"audienceRelevance":50,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mid-cap","eventGravity":"earnings beat with significant growth metrics","sectorWeight":"Communication Services","householdBrandBoost":"moderate","marketCapAdjustment":"positive"}},"event_type":"earnings","event_type_secondary":null,"sentiment":"bullish","material_impact_score":4,"narrative":"Cablevisión Holding (TEO) reported 1Q26 total revenues of Ps. 2,357,686 million, a 30.5% increase in real terms compared to 1Q25.\n\nEBITDA for the quarter reached Ps. 814,217 million, up 36.9% in real terms, driven by the acquisition of Telefónica Móvil Argentina and cost efficiencies.\n\nNet income surged to Ps. 628,855 million, a 446.5% increase from 1Q25, with attributable net income to the controlling company at Ps. 234,688 million, up 523.8%.","key_figures":{"eps":0,"epsBeat":0,"revenue":2357686000000,"guidance":"","revenueYoy":"30.5%","customDimensions":{"ebitda":814217000000,"net_income":628855000000,"ebitda_margin":"34.5%","attributable_net_income":234688000000,"non_controlling_interests":394167000000}},"named_entities":{"people":[{"name":"Samantha Olivieri","role":"Head of Investor Relations"},{"name":"Camilla Ferreira","role":"Investor Relations"},{"name":"Marcella Ewerton Dragone","role":"Investor Relations"}],"products":[],"companies":[{"name":"Cablevisión Holding S.A.","ticker":"TEO","relationship":"issuer"},{"name":"Telecom Argentina S.A.","ticker":"TEO","relationship":"subsidiary"},{"name":"Telefónica Móvil Argentina","ticker":"","relationship":"acquired"},{"name":"Fig Corporate Communications","ticker":"","relationship":"investor relations firm"}],"dollarAmounts":[{"amount":"Ps. 2,357,686 million","context":"1Q26 total revenues"},{"amount":"Ps. 1,806,103 million","context":"1Q25 total revenues"},{"amount":"Ps. 1,543,469 million","context":"1Q26 total costs (excluding depreciation and amortization)"},{"amount":"Ps. 931,863 million","context":"1Q26 total costs (excluding TMA effect)"},{"amount":"Ps. 814,217 million","context":"1Q26 EBITDA"},{"amount":"Ps. 628,855 million","context":"1Q26 consolidated net income"},{"amount":"Ps. 234,688 million","context":"1Q26 net income attributable to controlling company"},{"amount":"Ps. 394,167 million","context":"1Q26 net income attributable to non-controlling interests"}]},"model_name":"Qwen/Qwen2.5-72B-Instruct-AWQ","prompt_hash":"sha256:a76fb3b19e8e8b7b","schema_hash":"sha256:8658c370b800cf3d","created_at":"2026-05-12T03:40:11.421Z","global_importance":35,"audience_relevance":50,"importance_components":{"tickerTier":"mid-cap","eventGravity":"earnings beat with significant growth metrics","sectorWeight":"Communication Services","householdBrandBoost":"moderate","marketCapAdjustment":"positive"}},"durationMs":118886,"modelName":"george-droid-qwen-72b"}}