Home - , - America Movil Q2 2019 Earnings Show Total of 164,000 Loses

America Movil Q2 2019 Earnings Show Total of 164,000 Loses

america-movil-q2-2019-earnings
The second quarter of the year doesn't seem to look good for America Movil and its MVNO brands.

According to NWIDA, the company lost a total of 164,000 lines during the quarter. At the end of June, its total subscriber count was 21.4 million. This number shows a decrease of 3.1% from a year ago.

The company had a net loss of 72,000 subscribers (excluding Safelink). This loss is a far cry from last year's growth of 206,000 in the same quarter.

Despite the losses, America Movil's quarterly revenues continued to grow 3.9% year-on-year to $1.998 billion. This number already includes the 1.4% increase in service revenues as well as the 21.5% higher sales from equipment.

America Movil's ARPU grew to 5.5% to $2.6. Its churn rate decreased to 3.7% compared to 4.2% from last year. Likewise, the company's EBITDA of $177 million rose to 8.2% year-on-year. Its EBITDA margin also rose 40 basis points to 8.9%.

America Movil owns Tracfone, Net10 Wireless, Simple Mobile, Straight Talk, Total Wireless, and many others.



Source: NWIDA 

Tags: ,

0 comments to "America Movil Q2 2019 Earnings Show Total of 164,000 Loses"

Leave a comment


All comments must be approved before they will appear. The following types of comments will not be approved: off topic comments, insults or personal attacks directed at other commenters, bigotry, hate, sexism and profanity.