The chart below shows how AMX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, AMX sees a +0.29% change in stock price 10 days leading up to the earnings, and a +2.09% change 10 days following the report. On the earnings day itself, the stock moves by -0.10%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Subscriber Growth Surge: In the third quarter, we added 1.8 million subscribers, of which 1.4 million were postpaid, indicating strong customer growth.
Q3 Revenue and EBITDA Growth: Our third quarter revenue totaled MXN 223 billion with service revenue expanding 11.3% in Mexican peso terms and EBITDA increasing 11.9%.
Operating Profit Increase: Operating profit reached MXN 47.4 billion, up 14.2% in Mexican peso terms and 10% at constant exchange rates.
Quarterly Net Profit Surge: We posted a net profit of MXN 6.4 billion in the quarter, nearly trebling the one obtained a year before, equivalent to MXN 0.10 per share or $0.11 per ADR.
ESG Rating Upgrade: We received our third ESG rating upgrade by MSCI, reflecting improvements in corporate governance, security, and data progress.
Negative
Treasury Yield Decline: The 10-year US Treasury yields fell by 85 basis points from the beginning of the quarter through mid-September to a low of 3.6%.
Subscriber Growth Decline: In the third quarter, we added 1.8 million subscribers, of which 1.4 million were postpaid, indicating a decline in growth compared to previous quarters.
Customer Retention Decline: We disconnected 83,000 landlines and 30,000 PayTV units in the quarter, reflecting a negative trend in customer retention.
Access Growth Trends: Mobile postpaid and fixed broadband continued to be the main drivers of access growth with only 5.9% and 5.2% year-on-year growth, respectively, indicating a slowdown in growth rates.
Net Debt Increase: Our net debt increased by MXN 7.3 billion relative to December 2023, reflecting increased leverage and financial strain.
América Móvil, S.A.B. de C.V. (AMX) Q3 2024 Earnings Call Transcript
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