America Movil Boosts Q1 Net Profit by 39% Amid Strong Subscriber Growth

Published 1 hours agoAMX

America Movil Boosts Q1 Net Profit by 39% Amid Strong Subscriber Growth

America Movil, the Mexican telecommunications giant led by the family of billionaire Carlos Slim, has reported a substantial 39% rise in net profit for the first quarter of 2025, compared to the same period last year. According to Reuters, the company's net profit soared to 18.70 billion pesos, approximately $914.07 million, underscoring significant growth. However, total revenues were slightly below analyst expectations, amounting to 232.04 billion pesos—a 14% increase year-on-year.

The company's core earnings, measured by EBITDA, rose by 13% to reach 91 billion pesos, indicating robust operational efficiency. Additionally, America Movil saw a net increase of 2.4 million post-paid subscribers, particularly in major markets such as Brazil, Colombia, and Mexico, though they experienced a decline of 1 million pre-paid subscribers primarily in Mexico and Brazil. The peso-dollar exchange rate by the end of March stood at 20.4604.

Despite the strong financial performance, America Movil's stock on the USA market showed minimal movement, with the price holding steady at $17.16. The day's trading saw an intraday high of $17.67 and a low of $16.00. America Movil's strategy focusing on enhancing operating earnings and reducing financing costs appears to be paying off, reflected in these positive quarterly results.

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