MEXICO · TELECOM
Key Facts
- Power Index Mexico ranks 2nd of 14 in The Rio Times Latin America Power Index, with 71.4 points (October 2026 edition).
- What is happening Megacable, a cable and internet company based in Guadalajara, Mexico, lifted third-quarter profit 30% to MXN 813 million (about US$43 million) on Thursday, 29 October.
- Why it matters Operating earnings hit a record as costs grew slower than sales, showing a large Mexican broadband provider turning customer growth into profit.
- The numbers Revenue was MXN 9.50 billion (about US$506 million), up 6.5%. EBITDA was MXN 4.33 billion (about US$230 million), and net debt fell 8.8% to about US$1.08 billion.
- Who is who Megacable Holdings is listed in Mexico City under the ticker MEGA.CPO. Its mass-market unit serves homes, and its business unit serves companies.
- What to watch Whether capital spending stays low, how MXN 8.78 billion (about US$467 million) of debt due within a year is handled, and fiber and mobile growth.
- What it means for you Megacable sells in Mexico, so US customers see no change. Its shares trade in Mexico City, and this is a news report, not investment advice.
Megacable, a Mexican cable and internet provider, posted record operating earnings. Its third-quarter profit jumped 30%.
Megacable, a cable and internet company in Guadalajara, Mexico, lifted third-quarter net profit 30% to MXN 813 million (about US$43 million). It published the results on Thursday, 29 October.
Operating earnings reached a record MXN 4.33 billion (about US$230 million) as costs grew slower than sales. For US readers, the report is a window into Mexico’s growing home broadband market.
Conversions use MXN 18.7962 per US$, the Bank of Mexico FIX rate of 30 October 2026, the latest published. All figures are rounded.
What Megacable Earned
Revenue rose 6.5% to MXN 9.50 billion (about US$506 million) in the quarter, the company said. Nine-month sales grew 7% to about US$1.50 billion.
EBITDA, short for earnings before interest, taxes, depreciation and amortisation, rose 9.6% to MXN 4.33 billion (about US$230 million). Its margin widened to 45.5% of revenue from 44.2% a year earlier.
Net income for controlling shareholders rose from MXN 628 million (about US$33 million) to MXN 813 million (about US$43 million). The company credits efficiency, wider margins and lower interest costs.
Customers and Fiber
Megacable ended September with 6.08 million internet subscribers, up 7.1% in a year and 60,000 more than in June. Fixed telephone lines rose 6.4% to 5.41 million.
Mobile lines grew 32% to 844,841, its fastest-growing service, while video slipped 0.9%. Fiber optic, a faster glass-cable technology, now connects 89% of its subscribers, up from 82%.
The network passes 19.9 million homes, up 6.4%, across 111,855 kilometres of cable. Average revenue per subscriber fell 2% to MXN 429.5 (about US$23), on package mix and promotional prices in new areas.
Spending Falls and Debt Eases
Capital spending was MXN 2.37 billion (about US$126 million), or 25% of revenue, the lowest for a third quarter since expansion began. Cash flow, meaning EBITDA minus capital spending, rose 25% to MXN 1.95 billion (about US$104 million).
Net debt fell 8.8% to MXN 20.34 billion (about US$1.08 billion). Leverage, a measure of debt against earnings, eased to 1.21 times from 1.45 times.
Debt due within a year is MXN 8.78 billion (about US$467 million), up from MXN 1.45 billion (about US$77 million). Cash stood at about US$248 million.
What It Means for You
Megacable sells in Mexico, so US customers see no change from these results. Its shares trade on the Mexican stock exchange as MEGA.CPO, and each certificate (CPO) represents two Series A shares.
The share price closed at MXN 51.48 (about US$2.74) on 30 September, 12.8% lower than a year earlier. This is a news report, not investment advice.
Related Rio Times reports include Mexico Economy Grows 0.9% in Third Quarter and the Mexico Market Report for 30 October. More is on the Mexico hub, the Mexico expat guide, the USMCA review page and the Guadalajara page.
What Is Not Known
Megacable’s report gives no profit forecast for the fourth quarter or for 2027. It does not say how the debt due within a year will be repaid or refinanced.
What Comes Next
The company held a results video conference on Friday, 30 October, and posts recordings online. One strong quarter does not guarantee the next.
Frequently Asked Questions
How much profit did Megacable make?
Net income for controlling shareholders was MXN 813 million (about US$43 million) in July to September, up 30% from a year earlier. Revenue was MXN 9.50 billion (about US$506 million).
What is EBITDA and why does it matter?
EBITDA is earnings before interest, taxes, depreciation and amortisation, a common gauge of operating performance. Megacable’s hit a record MXN 4.33 billion (about US$230 million).
Is Megacable listed in the United States?
Megacable’s report lists its shares on the Mexican stock exchange under the ticker MEGA.CPO. It does not mention a US listing.
How many customers does Megacable have?
It had 6.08 million internet subscribers at the end of September. Its network passes 19.9 million homes in Mexico.
Sources: Megacable Holdings, third-quarter 2026 report, 29 October 2026; Megacable investor relations (all accessed 3 November 2026).
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief