{
  "id": 19955482,
  "title": "Earnings call transcript: Telecom Argentina tops Q3 2026 EPS forecast",
  "url": "https://urgent.news/2026/11/14/earnings-call-transcript-telecom-argentina-tops-q3-2026-eps-forecast",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-14T08:44:19.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/transcripts/earnings-call-transcript-telecom-argentina-tops-q3-2026-eps-forecast-93CH-5027227"
  },
  "original_language": "en",
  "account": "Telecom Argentina delivered stronger-than-expected Q3 2026 earnings, topping the adjusted EPS forecast of $0.2555 per share by $0.0523, reporting $0.3078 per share. Revenue matched expectations at $1.74 billion. The company's improved profitability and cash generation reflected a widening EBITDA margin and nearly doubled free cash flow compared to the prior year. Adjusted EBITDA expanded by 37% to over $640 million, with a margin reaching 36.1%. Equity free cash flow nearly doubled to $230 million, though a portion stemmed from an extraordinary working capital benefit. Capital spending remained near $350 million, or 20% of revenue. Despite Argentina's inflation and currency fluctuations, the stock was undervalued at its current P/E ratio of 9.5, with a Fair Value estimate suggesting potential upside. Revenue grew 18% year over year in dollar terms and 19% service revenue growth. The company's operating performance outpaced sales growth, driven by higher-value services like postpaid mobile, broadband, and pay TV. Net debt decreased by 9% to $2.9 billion, and net leverage fell to 1.2x. The company's financial health score was rated \"GREAT\" by InvestingPro, identifying it as an undervalued opportunity. Management outlined continued investment in 5G and fiber, aiming to support future service quality and revenue growth.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}