美洲移动财报超预期股价上涨，用户增长与现金流改善成亮点

Core Viewpoint - America Movil (AMX.N) reported better-than-expected earnings, leading to a 4.89% increase in stock price to $23.58 on February 11 [1] Financial Performance - In Q3 2025, revenue grew by 6.2% on a constant currency basis, with net profit reaching 23 billion pesos and free cash flow increasing significantly by 47% [2] - Full-year cumulative revenue increased by 5.90%, with a notable rise in net profit margin to 9.75% [2] - Gross margin, operating profit margin, and return on equity improved sequentially [2] Business Development - The company added 3 million postpaid mobile customers and 536,000 broadband users in Q3 [3] - 5G network coverage expanded to over 120 cities in Mexico, driving a 7.1% increase in mobile service revenue [3] - Continued penetration in key Latin American markets and strategic initiatives provide long-term growth potential [3] Financial Condition - Free cash flow increased by 47% year-over-year, with a stable net debt to EBITDA ratio of 1.55 times, enhancing short-term debt repayment capability [4] - The company strengthened shareholder returns through share buybacks and dividend payments [4] Industry Policy and Environment - The telecom services sector rose by 1.99% on February 11, 2026, with funds rotating into traditional sectors after the Dow Jones surpassed 50,000 points, benefiting undervalued telecom stocks [5] - America Movil's current price-to-earnings ratio (TTM) stands at 19.30, with a year-to-date increase of 14.08% [5]