Cablevisión Holding Posts 30.5% Revenue Rise to Ps.2.36 Trillion, EBITDA Up 36.9%
TEO•Cablevisión Holding’s total revenues reached Ps. 2,357,686 million in 1Q26, up 30.5% in real terms year-on-year, driven by the inclusion of Telefónica Móvil Argentina and higher mobile ARPUs. EBITDA climbed 36.9% to Ps. 814,217 million, lifting the margin to 34.5%, while net income attributable to equity shareholders surged 523.8% to Ps. 234,688 million.
1. Revenue and EBITDA Growth
Cablevisión Holding reported total revenues of Ps. 2,357,686 million for 1Q26, a 30.5% increase in constant currency versus 1Q25, primarily reflecting the consolidation of Telefónica Móvil Argentina from March 1, 2025, and real-term price increases in mobile services. Operating costs excluding depreciation and amortization rose 27.4% to Ps. 1,543,469 million, but excluding TMA costs they fell 6.5%, enabling EBITDA to grow 36.9% to Ps. 814,217 million and lift the EBITDA margin to 34.5% from 32.9%.
2. Net Income Performance
Consolidated net income jumped to Ps. 628,855 million in 1Q26, up 446.5% year-on-year, with net income attributable to equity shareholders soaring 523.8% to Ps. 234,688 million. Non-controlling interests also rose sharply to Ps. 394,167 million, reflecting the higher earnings contribution from TMA.
3. Acquisition Impact and Outlook
The February 2025 acquisition of Telefónica Móvil Argentina significantly reshaped Cablevisión Holding’s financial profile, increasing both revenue and cost bases but delivering notable cost efficiencies. Management’s application of IAS 29 inflation adjustments ensures the comparability of figures and highlights the group’s resilience to macroeconomic volatility.
