América Móvil just delivered one of its cleanest rebounds in years: third-quarter net profit jumped to 22.7 billion Mexican pesos—more than triple last year—while revenue edged up 4.2% to 232.92 billion pesos and EBITDA reached 93.8 billion pesos.
The simple reason is twofold. First, the business kept growing, especially in higher-value mobile plans. Second, the company paid far less in financing costs thanks in part to currency gains. Put plainly: operations held steady, and the financial headwind eased.
Brazil tells the story on the ground. Claro, América Móvil’s unit there, lifted net revenue 5.4% to R$13.0 billion ($2.45 billion), with mobile services up 8% and average revenue per user rising 7.3%.
The Brazilian mobile base ended the quarter at 89.3 million lines, including 57.8 million postpaid—evidence that customers are trading up for better data plans and 5G.
The story behind the story is about quality of earnings. América Móvil’s core engine is running: it added a little over three million postpaid subscribers and posted its fastest mobile service revenue growth in more than a year (about 7%).
América Móvil posts profit lift amid lower costs and FX relief
Fixed-line connections also rose by roughly 526,000, led by Mexico. But the leap in bottom-line profit was driven mainly by lower financing costs and foreign-exchange relief.
That’s good news today—and a reminder that future quarters will still be influenced by interest-rate moves and currency swings across Latin America.
Why it matters, wherever you live: a financially stronger América Móvil is more likely to keep investing in faster networks and broader fiber coverage.
For consumers, that can mean better service; for businesses, more reliable connectivity; and for policymakers and investors, a clearer view of when profit jumps reflect operating muscle versus friendlier financial weather.