On Wednesday, August 12, 2026, CVC Corp (CVCB3) released its results for the second quarter of 2026 (2Q26), reporting an adjusted net loss of R$ 51.3 million, compared with a loss of R$ 15.9 million in 2Q25. In the period, the company posted net revenue of R$ 319.5 million, a 6.5% decline from the same quarter of 2025, with a Take Rate of 8.2%.
Consolidated adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) totaled R$ 84.9 million in 2Q26, down 8.1% from the R$ 92.3 million recorded a year earlier, with an adjusted EBITDA margin of 26.6%, slightly below the 27.0% in 2Q25. In Brazil, adjusted EBITDA was R$ 82.6 million, an increase of 4.7% year over year, with a margin of 30.6%, while in Argentina the figure came to R$ 2.3 million, below the R$ 13.4 million reported in 2Q25.
Confirmed bookings totaled R$ 4,092.0 million in the quarter, a positive variation of 0.2% compared with 2Q25, or 4.1% on a comparable basis (excluding the impact of conflicts and at constant currency). In Brazil, confirmed bookings amounted to R$ 3,287.4 million, up 4.1% (5.0% on a comparable basis), while in Argentina they reached R$ 804.6 million, a 13.0% drop (up 0.3% at constant currency). Consumed bookings came to R$ 3,918.4 million, an increase of 2.3% on the same basis of comparison.
In terms of cash and indebtedness, operating cash generation in 2Q26 was R$ 60.2 million and free cash flow reached R$ 30.3 million. The company ended June 2026 with R$ 175.8 million in cash and equivalents, an increase of R$ 8.4 million compared with the end of 1Q26. Net debt stood at R$ 215.0 million, versus R$ 241.8 million in the previous quarter and R$ 396.2 million in 2Q25, which represents leverage of 0.5x adjusted EBITDA for the last 12 months, below the 0.9x recorded a year earlier.
