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Grupo Clarín S.A. (BYMA: GCLA), Argentina’s largest media company, reported its first-quarter 2026 results. The figures were prepared in accordance with International Financial Reporting Standards (IFRS) as of March 31, 2026 and are presented in Argentine Pesos (Ps), unless otherwise indicated. Management applied IAS 29 (inflation adjustment) pursuant to CNV Resolution 777/18.
(In millions of Ps.)
Adjusted EBITDA is defined as Total Revenues minus cost of sales (excluding depreciation and amortization) and selling and administrative expenses (excluding depreciation and amortization). The company states that Adjusted EBITDA is a meaningful measure of performance and is commonly used to analyze and compare media companies, but it is not a measure of net income, an indication of financial performance, an alternative to cash flow from operating activities, or a measure of liquidity. It also notes that other companies may compute Adjusted EBITDA differently.
Adjusted EBITDA Margin is defined as Adjusted EBITDA over Total Revenues.
Grupo Clarín invited investors to a webcast presentation to discuss its first-quarter 2026 results.
Grupo Clarín is described as Argentina’s largest media company, active in digital and printed publications as well as broadcasting and programming. Its flagship newspaper, Diario Clarín, is cited as one of the highest-circulation newspapers and as having the largest base of paid digital subscribers in Latin America. The company says it produces media content including news, sports and entertainment, reaching substantially all segments of the Argentine population by wealth, geography and age.
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