Wednesday, October 20, 2021

América Móvil's revenues and profit fell in Q3

Total sales reached US$ 12.670 billion, down 2.6% compared to the same quarter of 2020. This despite the increase in billing for services, both mobile and fixed, except in the pay TV segment. in which it lost almost 200,000 clients -181,000 in Brazil alone. Net profit amounted to US$ 800 million, with a 16.4% drop in year-on-year terms.

América Móvil’s (AMX for its code in the stock exchanges) total revenues in Q3 totaled US$ 12.670 billion, representing a 2.6% decrease compared to the same period of 2020. This result was impacted by losses caused by the devaluation of the local currencies of countries in the region compared to the dollar.

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