Mexico Cable Firm Megacable Lifts Profit 30%
Megacable, a Mexican cable and internet company, lifted third-quarter profit 30% to about US$43 million and posted record operating earnings. The post Mexico Cable Firm Megacable Lifts Profit 30% appeared first on The Rio Times .
Cable and internet provider Megacable reported a 30% increase in third-quarter operating earnings. The Guadalajara-based company disclosed its results on October 29, 2026. Operating earnings hit a record high of MXN 4.33 billion (approximately US$230 million), as costs grew at a slower pace than sales. Revenue rose by 6.5% to MXN 9.50 billion (around US$506 million).
Net income for controlling shareholders increased to MXN 813 million (about US$43 million), up from MXN 628 million (around US$33 million) in the same period last year. The company attributes its success to efficiency improvements, wider profit margins, and reduced interest costs. Megacable now serves 6.08 million internet subscribers, a 7.1% year-over-year increase, and 60,000 more subscribers than in June.
Fiber optic technology connects 89% of its subscribers, up from 82%. The network spans 19.9 million homes across 111,855 kilometers of cable. Capital spending for the quarter was MXN 2.37 billion (about US$126 million), representing 25% of revenue, the lowest third-quarter spending since expansion began.
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