Grupo Clarín Announces First Quarter 2025 Results

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Grupo Clarín Announces First Quarter 2025 Results

TECHNOLOGY 09.05.2025

BUENOS AIRES, ARGENTINA / ACCESS Newswire / May 9, 2025 / Grupo Clarín S.A. ("Grupo Clarín" or the "Company")(BCBA:GCLA), the largest media company in Argentina, announced today its First Quarter 2025 results. Figures in this report have been prepared in accordance with International Financial Reporting Standards^(*) ("IFRS") as of March 31, 2025 and are stated in Argentine Pesos ("Ps"), unless otherwise indicated.

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^(*)The Company's Management has applied IAS 29 in the preparation of these financial statements (inflation adjustment) as per Resolution 777/18, issued by the Comisión Nacional de Valores ("CNV"), that establishes that the restatement must be applied to the financial statements.

Highlights (1Q25 vs. 1Q24):

For the purposes of the analysis, it should be noted that the results presented in a comparative manner (1Q24) include the effect of year over year inflation as of March 31, 2025, which amounted to 55.9%.
Total Revenues reached Ps. 94,567.5 million, an increase of 21.5% in real terms compared to 1Q24, primarily due to higher Advertising revenues in real terms, especially in the Broadcasting and Programming segment, and higher Circulation revenues in the Digital and Printed Publications segment.
Adjusted EBITDA⁽¹⁾reached Ps. 12,475.3 million, an increase of 1223.1% compared to 942.9 for 1Q24, mainly driven by higher revenues in all segments.
Grupo Clarín's Adjusted EBITDA Margin⁽²⁾ was 13.2% in 1Q25, compared to 1.2% in 1Q24.
Net Income for the period resulted in Ps. 4,866.4 million, a change of -145.5% compared to a loss of Ps. 10,702.2 million reported in 1Q24. Net Income for the period attributable to Equity Shareholders amounted to Ps 4,765.5 million in 1Q25 from a loss of Ps. 11,324.9 million in 1Q24, a change of -142.1%.

FINANCIAL HIGHLIGHTS

(In millions of Ps.)	1Q25	1Q24	% Ch.		4Q24	QoQ
Total Revenues	94,567.5	77,810.9	21.5	%	112,284.1	(15.8	%)
Adjusted EBITDA ⁽¹⁾	12,475.3	942.9	1223.1	%	15,199.6	(17.9	%)
Adjusted EBITDA Margin ⁽²⁾	13.2	%	1.2	%	988.6	%	13.5	%	(2.5	%)
Profit/(Loss) for the period	4,866.4	(10,702.2	)	(145.5	%)	8,159.1	(40.4	%)
Attributable to:
Equity Shareholders	4,765.5	(11,324.9	)	(142.1	%)	8,204.2	(41.9	%)
Non-Controlling Interests	100.9	622.7	(83.8	%)	(45.1	)	(323.8	%)

⁽¹⁾ We define Adjusted EBITDA as Total Revenues minus cost of sales (excluding depreciation and amortization) and selling and administrative expenses (excluding depreciation and amortization). We believe that Adjusted EBITDA is a meaningful measure of our performance. It is commonly used to analyze and compare media companies based on operating performance, leverage and liquidity. Nonetheless, Adjusted EBITDA is not a measure of net income or cash flow from operations and should not be considered as an alternative to net income, an indication of our financial performance, an alternative to cash flow from operating activities or a measure of liquidity. Other companies may compute Adjusted EBITDA in a different manner; therefore, Adjusted EBITDA as reported by other companies may not be comparable to Adjusted EBITDA as we report it.

⁽²⁾ We define Adjusted EBITDA Margin as Adjusted EBITDA over Total Revenues .

CONFERENCE CALL AND WEBCAST INFORMATION

GRUPO CLARIN S.A.
(BCBA:GCLA)

cordially invites you to participate in its Webcast Presentation
to discuss its First Quarter 2025 Results

Date: Tuesday, May 13, 2025
Time: 1:00pm Buenos Aires Time/5:00pm London Time/12:00pm New York Time

To access the live stream and slide presentation, visit:
https://event.choruscall.com/mediaframe/webcast.html?webcastid=yQgMLEJo

The webcast presentation will also be available at https://ir.grupoclarin.com

ABOUT THE COMPANY
Grupo Clarín is the largest media company in Argentina and a leading company in Digital and Printed Publications and broadcasting and programming markets. Its flagship newspaper -Diario Clarín- is one of the highest circulation newspapers and has the largest base of paid digital subscribers in Latin America. Grupo Clarín is the largest producer of media content in Argentina, including news, sports and entertainment and reaches substantially all segments of the Argentine population in terms of wealth, geography and age.

Disclaimer
Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Grupo Clarín. You can identify forward-looking statements by terms such as "expect", "believe", "anticipate", "estimate", "intend", "will", "could", "may" or "might" the negative of such terms or other similar expressions. These statements are only predictions and actual events, or results may differ materially. Grupo Clarín does not intend to or undertake any obligation to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in Grupo Clarín's projections or forward-looking statements, including, among others, general economic conditions, Grupo Clarín's competitive environment, risks associated with operating in Argentina a, rapid technological and market change, and other factors specifically related to Grupo Clarín and its operations.

Investor Relations Contacts
In Buenos Aires:	In New York:
Samantha Olivieri	Camilla Ferreira and Marcella Ewerton Dragone
Grupo Clarín S.A.	Fig Corporate Communications
Tel: +54 11 4309 7104	Tel: +1 917 691-4047
Email: [email protected]	E-mail: [email protected]