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America Movil's Q4 Earnings Fall Y/Y, Sales Up on Expanded Coverage
AMXAmérica Móvil(AMX) ZACKS·2025-02-12 15:46

Core Insights - America Movil reported a net income per ADR of 15 cents for Q4 2024, a decrease from 33 cents in the same quarter last year, missing the Zacks Consensus Estimate by 51.6% [1][2] - The company's total quarterly revenues increased by 18% to Mex236,940million,drivenbystrongperformanceinbothServiceandEquipmentsegments[4]−Thecompanygained852,000wirelesssubscribersinQ4,withanetincreaseof2.1millionpostpaidsubscribers,whiletheprepaidsegmentsawadeclineof1.3millionusers[5]FinancialPerformance−NetincomeforthequarterwasMex236,940 million, driven by strong performance in both Service and Equipment segments [4] - The company gained 852,000 wireless subscribers in Q4, with a net increase of 2.1 million postpaid subscribers, while the prepaid segment saw a decline of 1.3 million users [5] Financial Performance - Net income for the quarter was Mex9,480 million, down from Mex18,062millionintheprior−yearquarter[2]−Comprehensivefinancingcostsroseby91.218,062 million in the prior-year quarter [2] - Comprehensive financing costs rose by 91.2% to Mex29,850 million from Mex15,609millioninthepreviousyear[2]−Totalcostsandexpensesincreasedby19.115,609 million in the previous year [2] - Total costs and expenses increased by 19.1% to Mex145,832 million, while EBITDA rose by 16.4% to Mex91,108million,resultinginanEBITDAmarginof38.591,108 million, resulting in an EBITDA margin of 38.5% [10] Subscriber and Revenue Growth - The company ended Q4 with 323 million wireless subscribers and 78 million revenue-generating units in fixed-line, Broadband, and Television platforms [5] - Argentina's revenues increased by 20.2% to ARS 547,884 million, while Colombia's revenues rose by 12.2% to COP 4,360 billion [7][8] - Revenues from the Caribbean declined by 5.2% to 476 million due to macroeconomic pressures [6] Market Performance - Following the earnings announcement, America Movil's shares gained 1.2%, closing at $14.72 on February 11, 2025, although the stock has lost 12.7% over the past year [3]