America Movil's profit rises 7% but misses analyst estimates
Latin America's largest telecom posted higher third-quarter profit on mobile growth and Brazil, but results fell short of LSEG analyst forecasts, Reuters reports.
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what happened
Latin America's largest telecommunications company, America Movil, reported a 7% rise in third-quarter net profit, according to Reuters. Higher mobile service revenue and postpaid subscriber growth in Brazil supported the result.
Still, the figures fell short of forecasts from analysts polled by LSEG. They had expected a dollar net profit of $1.51 billion on revenue of $14.05 billion. The company reported 24.28 billion pesos ($1.34 billion) in profit and 250.63 billion pesos ($13.86 billion) in revenue, up 7.6%.
America Movil added 3.1 million net postpaid subscribers, led by Brazil, but lost 5 million prepaid subscribers, mainly in Mexico and Colombia. In early October it completed the purchase of Brazilian broadband provider Desktop.
why it matters
The report matters for Latin American telecom investors. Televisa's planned purchase of AT&T's Mexico unit could create a bigger rival to America Movil and reshape Mexico's telecom sector.
market impact
Telecom in Mexico and Latin America: profit below forecasts adds mild pressure on America Movil shares
tags
instruments
sources
- Mexico's America Movil says mobile growth boosts earnings; misses estimates — Reuters, 20 October 2026 at 22:10 UTC
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