{
  "id": 17931850,
  "title": "Mexico Cable Firm Megacable Lifts Profit 30%",
  "url": "https://urgent.news/2026/11/03/mexico-cable-firm-megacable-lifts-profit-30",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-03T07:36:26.000Z",
  "source": {
    "name": "The Rio Times",
    "slug": "the-rio-times",
    "url": "https://www.riotimesonline.com/mexico-megacable-third-quarter-profit-up-30-2026/"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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 .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}