América Móvil's 2025 Q2 Earnings Call: Navigating Contradictions in Regulation, CapEx, and Market Competition

Regulatory environment and market share concerns in Mexico, CapEx guidance and investment strategy, prepaid market competition and strategic focus, outlook for Mexican broadband, labor obligations expectations are the key contradictions discussed in América Móvil's latest 2025Q2 earnings call.



Revenue and Subscriber Growth:
- América Móvil reported second quarter revenue of MXN 234 billion, marking a 13.8% year-on-year increase.
- This growth was driven by a broad-based expansion across business lines and countries, particularly in postpaid and fixed line broadband segments.

Subscriber Expansion and Prepaid Recovery:
- The company added 1.7 million wireless subscribers between prepaid and postpaid in Q2.
- The recovery in prepaid revenue growth, especially in Mexico, was driven by a rebound in private consumption and aggressive sales strategies.

Fixed Line Broadband and 5G Expansion:
- América Móvil gained 462,000 broadband accesses, with Mexico contributing 231,000.
- This growth was supported by the expansion of fiber networks and integration of streaming platforms.

Capital Expenditure and Financial Management:
- The company's CapEx totaled MXN 54.9 billion in the first half of the year.
- América Móvil maintained a strong financial position, reducing net debt by MXN 7.3 billion and distributing MXN 9.4 billion to shareholders.