Millicom International Cellular S.A. Q3 2025 Earnings Recap

TIGO Q3 2025 November 6, 2025

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Millicom reported robust Q3 2025 results, with service revenue growth of 3.5% year-over-year and record adjusted EBITDA margin of 48.9%, underscoring strong operational discipline and strategic advancements.

Earnings Per Share Miss

$0.34 vs $0.63 est.

-46.2% surprise

Revenue Beat

1420000000 vs 1401948916 est.

+1.3% surprise

Market Reaction

1-Day -0.59%

5-Day +5.53%

30-Day +7.06%

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Key Takeaways

Adjusted EBITDA reached $695 million with an all-time high margin of 48.9%, translating to $243 million in equity free cash flow.
Organic mobile service revenue growth of 5.5% and successful addition of nearly 250,000 postpaid mobile customers, highlighting strong demand and effective pricing strategies.
Completed strategic acquisitions in Uruguay and Ecuador, enhancing market presence and earnings quality, while also finalizing infrastructure monetization plans.
Record operating cash flow in Guatemala of $204 million, reflecting superior operational efficiency and a 20% increase in postpaid customers.
Net leverage maintained at a comfortable 2.09x, reaffirming commitment to financial stability even with integration of new operations.

This summary was generated by AI from the official earnings call transcript and is provided for informational purposes only. It does not constitute financial advice. For the complete transcript and financial data, visit TIGO on AllInvestView.