America Movil stock weighs profit miss against subscriber growth

América Móvil's third-quarter performance combined solid operating growth with a shortfall against market expectations. The company reported its results on Tuesday, October 20, 2026, according to Finimize.

Revenue increased 7.6 percent to 250.63 billion Mexican pesos, while net profit rose 7 percent to 24.28 billion pesos. Analysts tracked by LSEG had expected profit of 1.51 billion US dollars on revenue of 14.05 billion US dollars, leaving the quarter with a clear gap between year-on-year growth and the level investors had anticipated.

Subscriber Mix Shapes The Quarter

América Móvil added 3.1 million net postpaid subscribers, with Brazil providing the strongest contribution. Postpaid customers generally offer steadier and higher-value revenue than prepaid users, so the increase supports the company's customer mix and gives management a stronger base for future service growth.

The headline subscriber picture was less uniform, however. The group recorded 5 million net prepaid disconnections, mainly in Mexico and Colombia. That decline limits the immediate earnings benefit from the postpaid additions because prepaid customers still contribute network usage and distribution scale.

Mobile-service revenue grew 6.3 percent from a year earlier, matching the pace recorded in the second quarter. The result points to continued demand for core connectivity services, but the unchanged growth rate and the profit miss leave investors watching whether subscriber gains can translate into faster revenue and earnings growth.

Expansion Adds A Strategic Layer

América Móvil also completed its acquisition of Brazil's Desktop in early October, expanding its fixed-line broadband position in a market that led the postpaid gains. The company is therefore balancing organic mobile growth with investment in broadband infrastructure and customer access.

Competition could become more intense in Mexico. Finimize reported that Reuters had said Televisa was advancing its purchase of AT&T's Mexico unit, a transaction that would create a larger local rival. That prospect adds a competitive consideration to the group's efforts to sustain service growth and protect profitability.

Investors Track Execution After Results

America Movil stock traded at 23.00 euros on Lang & Schwarz at 13:29 CET on Tuesday, November 10, 2026. Investors are likely to focus on the conversion of postpaid momentum into service revenue, the recovery of prepaid volumes and the effect of broadband expansion on cash generation and leverage.

The S&P 500 is a relevant market benchmark for investors tracking the US-listed ADR.

More news and analyses on America Movil stock cover further company developments.