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Mexico's America Movil reports third-quarter net profit up 7%

By Reuters News21:34 (UTC), 20 October 2026 Updated

MEXICO CITY, Oct 20 (Reuters) - Mexican telecoms giant America Movil AMXB.MX on Tuesday said profit in the third quarter rose 7% compared to the year before, yet missed analysts' forecasts.

America Movil, controlled by the family of Mexican billionaire Carlos Slim, reported a net profit of 24.28 billion pesos ($1.34 billion) from revenues that rose from a year earlier to 250.63 billion pesos($13.86 billion).

Analysts polled by LSEG had predicted America Movil would post a dollar-denominated net profit of $1.51 billion from revenues of $14.05 billion.

($1 = 18.0808 Mexican pesos at end-September)

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