América Móvil’s Net Income Drops 16% in Q321 – El Financiero

Telecommunication company Carlos SlimAnd America Movil, I mentioned to him financial results corresponding to the third quarter of 2021 on the Mexican Stock Exchange (BMV), where a 16.4% discount In control of net income in the amount of 15 thousand 811 million pesos.

For her part, dplayback flow for (EBITDA, for its English acronym) was located at 87 thousand 590 million pesos, a slight annual increase of 1.3 percent, mainly due to cost control. EBITDA margin rose 1.3 percentage points to 34.6 percent, the highest level in nine years. Mexico, Central America, Dominican Republic and Peru led the margin expansion.

in a From July to September 2021The company said it added 4.2 million wireless subscribers, including 2.2 million postpaid subscribers. Almost half of the new postpaid customers were from Brazil, with Colombia contributing 313,000 subscribers and Peru 262,000. Mexico ranked first in prepaid with 577,000 net additions, followed by Brazil with 307 thousand.


amount America Movil Revenue During the third quarter of 2021, it amounted to 253,375 million pesos, a decrease of 2.6 percent compared to 260,212 million pesos recorded in the same period of 2020.

In Mexico, third-quarter revenue totaled 73.918 billion pesos, an increase of one percent, as service revenue increased 6.4 percent, and equipment revenue decreased 16 percent.

Mobile services revenue growth was 8.9 percent. Prepaid revenue increased 12.1%, and postpaid customers increased 4.7%.

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