America Movil stock weighs Q3 miss against Desktop expansion
Published on 11/10/2026 at 16:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSGrowth Meets Expansion Challenges
- Third-quarter revenue rose as mobile services and postpaid additions supported operating momentum.
- Brazil led postpaid customer additions, while prepaid disconnections reflected subscriber-base cleanups.
- The completed Desktop acquisition adds a new broadband expansion angle as Mexico's telecom market changes.
America Movil stock is weighing stronger operating growth against an earnings miss and a newly completed Brazilian broadband deal. Reuters reported on October 20 that the telecom group increased third-quarter net profit 7 percent year over year, while results fell short of LSEG analyst forecasts.
Revenue and customer growth
Quarterly revenue rose 7.6 percent to MXN 250.63 billion, while mobile service revenue increased 6.3 percent from the year-earlier period. America Movil added 3.1 million net postpaid subscribers, led by Brazil, but recorded five million net prepaid disconnections, mainly in Mexico and Colombia.
The figures point to a mixed customer trend: higher-value postpaid additions and mobile-service growth supported the quarter, while prepaid cleanups reduced the reported subscriber base. For investors, the balance between customer quality, pricing and volume remains central to the telecom group's growth profile.
Desktop expands the broadband focus
America Movil completed its acquisition of Brazilian broadband provider Desktop in early October, according to the Reuters report. The transaction broadens the group's fixed-line footprint and gives investors another operating factor to monitor alongside mobile postpaid growth.
That expansion comes as Televisa advances its acquisition of AT&T's Mexico unit, a transaction Reuters said would reshape Mexico's telecom landscape and create a larger rival to America Movil. The competitive setting therefore remains an important consideration for future pricing, customer additions and capital allocation.
Stock quote and investor context
America Movil stock traded at 22.90 euros on Lang & Schwarz at 16:07 CET on Tuesday, November 10. That was 1.78 percent above the 22.50-euro quote cited in the company's own report on November 5; this comparison is separate from the daily exchange comparison.
America Movil stock at a glance
- Company: America Movil, S.A.B. de C.V.
- ISIN: US02390A1016
- Quote: 22.90 euros on Lang & Schwarz, Tuesday, November 10, 2026, at 16:07 CET
- Quarter: Third quarter of 2026
- Revenue: MXN 250.63 billion, up 7.6 percent year over year
- Net profit: MXN 24.28 billion, up 7 percent year over year
The S&P 500 remains the broader market reference for the company's US-listed shares.
More news and analyses on America Movil stock.
