Millicom's Q3 revenue jumps 61%, beats expectations
Millicom's Q3 revenue jumps 61%, beats expectations
Overview
Luxembourg-based telecom provider's Q3 revenue rose 60.8% yr/yr, beating analyst expectations
Adjusted EBITDA grew 57.7% yr/yr, while net profit fell 49.9%
Outlook
Millicom maintains 2026 equity free cash flow guidance of around $1.1 bln
Company remains on track for year-end leverage target of below 2.5x
Millicom says priorities remain network investment, efficiency, and cash flow generation
Result Drivers
EFFICIENCY INITIATIVES - Co said improved operational efficiency contributed to profitability and cash flow growth
PREPAID-TO-POSTPAID MIGRATION - Co said migration strategy improved customer retention and ARPU
PRICING STRATEGY - Co said 'more-for-more' pricing led to higher revenue per user
Company press release: ID:nGNEW0GzJ
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $2.28 bln | $2.23 bln (3 Analysts) |
Q3 EBIT | Beat | $600 mln | $518.57 mln (2 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 5 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the wireless telecommunications services peer group is "buy."
Wall Street's median 12-month price target for Millicom International Cellular S.A. is $93.50, about 21.3% above its November 4 closing price of $77.09
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 18 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)