Q4 2025 Cablevision Holding SA Earnings Call Transcript
Key Points
- Cablevision Holding SA (CVHSY) reported a significant increase in EBITDA margin, reaching 32.7% in 2025, up from 27.9% in 2024.
- The acquisition of Telefonica Mobil Argentina S.A. (TMA) contributed positively to revenue growth, with revenues in constant currency increasing by 53% in 2025.
- The company successfully managed cost efficiencies, resulting in a 3.7% decrease in operating costs in real terms, excluding the effect of TMA.
- Cablevision Holding SA (CVHSY) maintained a healthy net debt-to-EBITDA ratio of 1.8 times, despite the new indebtedness for the acquisition of TMA.
- The company achieved a positive year-over-year trend in both revenues and EBITDA, marking a turning point for Cablevision Holding SA (CVHSY).
- Cablevision Holding SA (CVHSY) reported a net income loss of ARS159.9 billion for 2025, compared to a profit of ARS1,348 billion in 2024.
- The decrease in net income was mainly due to negative financial net results, driven by exchange rate fluctuations exceeding inflation.
- Fixed telephony and data services experienced a decrease in ARPU, which could not match inflation, impacting revenue from these services.
- The company's mobile revenues in Paraguay decreased due to a decline in ARPU related to the widespread use of WiFi networks.
- The incorporation of TMA resulted in a lower consolidated EBITDA margin of 29.3% for the fourth quarter of 2025, due to new employment termination agreements and severance payments.
Good morning, and welcome to Cablevision Holdings conference call. Today, the team will discuss Cablevision's results for the full year, last quarter of 2025 as detailed in the earnings release distributed on March 10. My name is (inaudible) and I'll be your conference operator today. This call is intended for investors and analysts only. Questions from the media will not be taken at this time.
Members of the media with inquiries may contact FIC Corporate Communications. Comments made today during today's call may contain forward-looking statements regarding cable vision future performance, plans, strategies and targets. Such statements involve risks and uncertainties that could cause actual results or operations to differ materially.
These uncertainties include, but are not limited to, the impact of industry and economic regulation, changes in hand for Cable Holdings -- Cablevision Holdings, product and service and broader market, economic and regulatory conditions. Please refer to the disclaimer in the earnings report or presentation for additional information regarding forward-looking
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