America Movil stock weighs Q3 profit miss against mobile growth

Published on 11/13/2026 at 12:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

America Movil stock posted stronger quarterly revenue and mobile-service growth despite missing LSEG profit forecasts. Brazil led postpaid additions.

Quarterly growth meets forecast pressure

Third-quarter revenue rose on stronger mobile services and postpaid subscriber additions.
Brazil led postpaid growth, while prepaid disconnections reduced the reported customer base.
The completed Desktop acquisition expands America Movil's Brazilian broadband footprint.

AMX, US02390A1016, Illustration mit AI erstellt.

America Movil reported higher third-quarter revenue and net profit on October 20, while falling short of analysts' LSEG forecasts. The results highlight continued mobile-service momentum but also leave investors weighing earnings expectations against the company's expansion in Brazil, according to a Reuters report carried by Fidelity.

Mobile services support quarterly growth

Revenue rose 7.6 percent year over year to 250.63 billion Mexican pesos. Mobile-service revenue increased 6.3 percent from the year-earlier quarter, matching the growth rate reported for the second quarter.

Net profit reached 24.28 billion Mexican pesos, up 7 percent from a year earlier. LSEG analysts had expected dollar-denominated net profit of 1.51 billion dollars and revenue of 14.05 billion dollars, while America Movil reported revenue equivalent to 13.86 billion dollars at the exchange rate cited in the report.

The mixed result matters for investors because operating growth did not fully translate into an earnings beat. Revenue benefited from mobile services and a stronger postpaid customer trend, but the forecast shortfall keeps attention on margins, currency effects and the pace at which recent investments contribute to earnings.

Brazil drives postpaid additions

America Movil added 3.1 million net postpaid subscribers during the quarter, led by Brazil. At the same time, the group recorded 5 million net prepaid disconnections, mainly in Mexico and Colombia. The contrasting movements point to a shift toward higher-value postpaid growth alongside efforts to clean up prepaid customer bases.

Brazil is becoming more important to the group's fixed-line strategy as well. America Movil completed the acquisition of Brazilian broadband provider Desktop in early October. The transaction broadens the company's broadband footprint and gives investors another factor to monitor alongside mobile subscriber growth and competitive conditions in the market.

Investors weigh growth and execution

The quarter presents a two-sided investment case. Rising mobile-service revenue, postpaid additions and the completed Desktop transaction support the expansion narrative. The earnings miss, prepaid disconnections and the need to integrate the Brazilian broadband business keep execution central to the outlook.

America Movil stock traded at 23.00 euros on Lang & Schwarz at 16:35 CET on Tuesday, November 10, 2026. The quote is a dated trading indication and is presented without a directional comparison to an Xetra close.