Q2 2024 Cablevision Holding SA Earnings Call Transcript
Key Points
- Net income increased significantly to ARS856 billion from ARS150.5 billion in the first half of 2023.
- EBITDA margin improved to 29.6% compared to 28.3% in the first half of 2023.
- Broadband ARPU increased in real terms for the second quarter in a row.
- Telecom's CapEx deployment has been recognized with the award for the fastest 4G network in Argentina for the fifth year in a row.
- Net debt to adjusted EBITDA coverage ratio improved to 2.2 times, indicating better financial resilience.
- Revenues for the first half of 2024 dropped by 13.3% due to lower service revenues.
- Mobile service participation decreased slightly, driven by lower ARPU in real terms.
- Cable TV ARPU in real terms decreased by 33.2% due to high inflation and commercial discounts.
- Operating costs, excluding cost of equipment and handsets, decreased by 10.9% in real terms, indicating cost management challenges.
- Investment as a percentage of revenues decreased year-over-year, reflecting potential constraints in future growth.
Good morning, everyone, and welcome to Cablevisión Holding's conference call. Today, the team will discuss Results for the first half and second quarter 2024 as per the earnings release distributed last Monday, August 12. My name is Chris and I will be your conference operator today.
This call is for investors and analysts only. Therefore, questions from the media will not be taken at this time. However, if you are a member of the media and have a question, please contact FIG Corporate Communications.
Comments made by the company may contain forward-looking statements about Cablevisión Holding's future performance, plans, strategies, and targets. Such statements are subject to uncertainties that could cause Cablevisión Holding's actual results and operations to differ materially.
Such uncertainties include, but are not limited to, the effects of the impact of new or ongoing industry and economic regulations, possible changes in demand for Cablevisión Holding's products and services and the effects of more general factors such as changes in general market, economic or in
| 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... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
