Q2 2026 Grupo Clarin SA Earnings Call Transcript

Aug 12, 2026 / 03:00 PM GMT

Release Date Price: $18.85

Transcript

Key Points

Positve

Advertising revenues continued to grow in real terms despite a weak consumer spending environment, with ad spend tied to the FIFA World Cup contributing to an expansion of private advertising during June and July.
The company maintains a strong financial position with lower debt year-over-year, as total debt decreased 32% to 15.5 billion pesos, reflecting a manageable debt profile with low leverage.
Programming revenues increased above inflation on a year-over-year basis in real terms, thanks to higher price increases for cable TV services and renegotiated agreements.
Audience performance improved, with prime time audience share for Channel 13 increasing to 18.7% and total time audience share rising to 14%, allowing the company to reach a 32.9% advertising market share.
The company divested its holdings in non-core assets (Telerere di Mage, Teresa, Tesipot, and Carburando) for total proceeds of $25 million, streamlining its portfolio and generating accounting gains.
The disinflation process in Argentina resumed during the second quarter, with inflation reaching 1.9% in June, its lowest monthly reading in 10 months, which could support future advertising and consumer spending.

Negative

Revenues decreased by 10.3% in real terms in the second quarter of 2026, driven by lower circulation, printing, and programming revenues, including the deconsolidation of Carburando.
EBITDA decreased by 47.3% in real terms in the second quarter, impacted by lower EBITDA in the digital and printed publications segment and higher programming costs in the broadcasting segment.
Traditional newspaper circulation continued to decline, with copies sold decreasing 15% year-over-year in the second quarter of 2026, reflecting ongoing shifts in reader behavior.
Real disposable income remains below 2023 levels, and many local goods and services sectors face a challenging demand environment, which could pressure advertising revenues.
Net income attributable to equity shareholders decreased significantly to $17.6 billion in real pesos from $40.4 billion in the prior year, due to lower EBITDA and higher income tax from the taxable gain on the sale of subsidiaries.
The company faces ongoing challenges from a highly uneven economic recovery, with growth concentrated in agriculture, energy, and mining, while other sectors struggle, and household purchasing power remains weak.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

GCLAm.BA - Grupo Clarin SA
Q2 2026 Grupo Clarin SA Earnings Call
Aug 12, 2026 / 03:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Thank you for standing by. This is the conference operator. The group Eau Claire and conference call will begin momentarily.

Thank you for your patience.

Good morning and welcome to Grupo Clarin's conference call.

Today, the team will discuss results for the second quarter of 2026 as detailed in the earnings release distributed yesterday, August 11.

My name is Nick and I will be your conference operator today.

This call is for investors and analysts only. Questions from the media will not be taken at this time.

If you are a member of the media and have questions, please contact Fig Corporate Communications.

Comments made during today's call may contain forward-looking

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.