America Movil Sab De Cv Class L ( (AMXOF) ) has released its Q4 earnings. Here is a breakdown of the information America Movil Sab De Cv Class L presented to its investors.
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América Móvil, S.A.B. de C.V. is a leading telecommunications company based in Mexico City, providing wireless and fixed-line communication services across Latin America, Europe, and the Caribbean. Known for its extensive network, the company operates under the Claro, Telcel, and Telmex brands, among others.
In the fourth quarter of 2024, América Móvil reported significant growth, surpassing 400 million access lines and achieving an 18% increase in revenue compared to the previous year. The company added 2.1 million postpaid clients, with notable gains in Brazil, Colombia, and Mexico, and expanded its broadband accesses by 4.7% year-over-year.
Key financial highlights include a 16.4% increase in EBITDA to 91 billion pesos and an 11% rise in operating profit to 46.4 billion pesos, despite a net income drop of 47.5% due to higher financing costs. The company’s service revenue grew by 19.1% in Mexican peso terms, driven by the consolidation of Claro-VTR in Chile and adjustments for Argentina’s hyperinflationary economy.
Strategic moves such as the expansion of the buyback program and the consolidation of the Chilean operations have strengthened América Móvil’s market position. The company’s fixed-line and mobile service revenues saw substantial growth in Brazil, Colombia, and Peru, while challenges persisted in Mexico and Central America.
Looking ahead, América Móvil remains focused on leveraging its strong market presence and strategic acquisitions to drive growth, while navigating the challenges posed by exchange rate fluctuations and inflationary pressures in its operating regions.
