Clarin cable TV, internet sales up 26%

13 Aug 2013

The cable TV and internet business of Argentine media giant Grupo Clarin generated net sales of ARS4.477 billion (USD803.3 million) in the first six months of 2013, an increase of 25.6% from ARS3.564 billion in the year-ago period. The segment reported a 25.9% rise in net sales for the second quarter of 2013 to ARS2.296 billion from ARS1.825 billion in Q2 2012. Clarin attributed the rise in revenue to an increase in subscription charges registered during the last twelve months, as well as growth in cable TV and internet subscribers; the former grew 1.7% year-on-year to 3.452 million (excluding customers from discontinued operations in Paraguay), while internet customers rose 12.8% to 1.616 million at 30 June 2013. Adjusted EBITDA for the cable TV and internet segment increased 10.4% from ARS1.212 billion in H1 2012 to ARS1.338 billion twelve months later, and rose 2.9% year-on-year in 2Q13 to ARS649.9 million. Cable TV and internet accounted for the vast majority (95.5%, or ARS426 million) of the group’s total CAPEX of ARS446 million in the three months to end-June 2013.

Argentina, Cablevision (FiberTel)