Particle.news
Download on the App Store

Megacable Sets Q1 Revenue Record as Fiber Strategy Lifts Profit

Lower fiber spending helped lift profit to a two-year high.

Overview

  • Megacable reported Q1 2026 revenue of MXN 9,357 million and net income of MXN 841 million, both up from a year earlier.
  • The mass-market unit led results with MXN 8,005 million in revenue as broadband outpaced video and total revenue‑generating units reached 15.2 million.
  • Internet customers topped 5.9 million after 101,000 net adds in the quarter, with telephony above 5.2 million and unique video customers above 4 million.
  • Fiber now reaches 86% of subscribers, supported by 42,661 km of last‑mile network built and 9.84 million more homes passed since 2022.
  • Capital spending was MXN 1,988.91 million, the lowest quarterly outlay since Q1 2021, which the company says aligns with its five‑year plan.