Megacable Holdings Sab De Cv Stock Earnings Reports

Megacable reported steady, disciplined Q2 2026 results with continued subscriber growth and improving financials as the company transitions from a multi-year network expansion to an execution-and-returns phase. Key operating points: broadband net adds of ~112k in the quarter and broadband subscribers surpassing 6 million (up 8.5% YoY); 19.8 million homes passed and 88% of subscribers migrated to GPON/FTTH. Video continues to shift toward streaming (2.4M app users; ~4M unique video subscribers). MVNO/mobile lines rose 26% YoY to 781k. Churn remains low at ~2.0% for broadband. Financial highlights: consolidated revenue MXN 9.3bn (+7% YoY), EBITDA MXN 4.2bn (+6% YoY) with a 44.9% margin, net income MXN 852m (+11% YoY). One-time recognition related to last year’s Buen Fin promotion impacted sequential ARPU and revenue comparisons but is nonrecurring. CapEx totaled MXN 2.2bn in the quarter (23.4% of revenue); guidance revised to ~23–25% of revenue for 2026 and ~22–24% for 2027 as expansion tailwinds fade. Balance sheet remains conservative: total debt MXN 26.2bn, net debt MXN 21.6bn, net debt/EBITDA ~1.31x (within stated 1.1–1.3x target range), cash MXN 4.7bn. Management is prioritizing monetization of the installed fiber footprint, cost and productivity improvements (including AI and headcount reductions of ~1,300 positions year-to-date), disciplined capital allocation, and maintaining financial flexibility (dividends, potential M&A, or other shareholder returns).