Q4 2024 America Movil SAB de CV Earnings Call Transcript
Key Points
- America Movil SAB de CV (AMXOF) added 2.1 million postpaid subscribers in the fourth quarter, with significant contributions from Brazil, Colombia, and Mexico.
- Fourth quarter revenue increased by 18% in Mexican peso terms, with service revenue growing by 19.1% and EBITDA by 16.4%.
- The company experienced a 5.3% year-on-year increase in its postpaid base and a 4.7% increase in fixed broadband accesses.
- Mobile service revenue expanded by 6.2% year-on-year in the fourth quarter, with notable growth in Brazil, Colombia, Ecuador, and Peru.
- The company is well-prepared for future growth in the corporate market, with strong investments in data centers and alliances across Latin America.
- The company registered 1.3 million net disconnections on its prepaid platform, with Brazil experiencing a significant cleanup of its profit space.
- Net income for the fourth quarter was 47.5% lower year-on-year due to higher comprehensive financing costs, including foreign exchange losses.
- The depreciation of regional currencies against the dollar, particularly the Brazilian real and Chilean peso, impacted financial results.
- Fixed service revenue growth decelerated in key markets like Mexico, Brazil, and Colombia compared to previous quarters.
- The slowdown in the Mexican economy has affected prepaid recharge rates, indicating potential challenges in consumer spending.
Good morning. My name is Chad, and I'll be your conference operator today. At this time, I would like to welcome everyone to the América Móvil fourth quarter 2024 conference call and webcast. (Operator Instructions) Now I will turn the call over to Ms. Daniela Lecuona, Head of Investor Relations. Please go ahead.
Thank you. Good morning, everyone. Thank you for joining us today to discuss our fourth quarter financial and operating results. We have on the line Mr. Daniel Hajj, CEO; Dr. Oscar Von Hauske, COO; and Mr. Carlos Garcia Moreno, CFO.
Thank you, Daniela. Welcome, everyone. Carlos is going to make a summary of the fourth quarter 2024 results.
Thank you, Daniel. Good morning, everyone. Well, the fourth quarter ended with our
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