Mexico · Delayed Price · Currency is MXN América Móvil Earnings Call Transcripts
Fiscal Year 2026
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Q2 2026 saw strong subscriber and revenue growth, with net income up 9.2% year-over-year. Mobile and fixed broadband led segment gains, while competitive pressures and regulatory fines remain key risks. CapEx and leverage targets are unchanged, with ongoing focus on M&A and market consolidation.
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Revenue and EBITDA grew year-over-year, with margins reaching historic highs and net income up 25%. Strong mobile and broadband growth was supported by economic recovery, digitalization, and strategic investments, while CapEx is guided at $7B for 2026.
Fiscal Year 2025
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Q4 saw strong subscriber and revenue growth, with net profit quadrupling year-over-year and free cash flow up 40%. CapEx will remain at 14%-15% of revenues, with priorities on deleveraging and shareholder returns amid ongoing industry consolidation.
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Third quarter saw strong growth in postpaid and broadband, with revenue and EBITDA rising over 6% at constant exchange rates. Free cash flow jumped 47% year-over-year, and the company is evaluating M&A opportunities in Chile and Brazil.
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Second quarter saw strong revenue and EBITDA growth, led by postpaid gains in Brazil and broadband acceleration in Mexico. Net debt declined, CapEx remains on target, and regulatory changes in Mexico and market consolidation in Latin America are expected to shape future competition.
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Revenue grew 14.1% year-over-year to MXN 232 billion, with net income up 38% and strong postpaid and broadband growth offsetting prepaid declines due to economic slowdown and competition. CapEx for 2025 is set lower at MXN 6.7 billion, with recovery expected in H2.
Fiscal Year 2024
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Q4 revenue and EBITDA grew strongly, driven by Chilean consolidation and inflation adjustments in Argentina, though net income fell due to higher financing costs. CapEx remains disciplined, with major investments in Chile and a focus on value-added services and fiber expansion in Mexico.
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Q3 delivered strong revenue and profit growth, driven by mobile postpaid and fixed broadband, with stable CapEx and leverage. Currency depreciation impacted net debt, but refinancing is focused on local markets. No major M&A planned; organic growth and technology upgrades remain priorities.
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Q2 2024 saw subscriber and revenue growth, higher EBITDA margin, and strong broadband gains, but a net loss due to peso depreciation and FX losses. Share buybacks accelerated, leverage improved, and digital/AI initiatives are underway.