In the third quarter of 2024, Total Play Telecomunicaciones, a leading company in Mexico that provides internet access, pay television, and telephony services through an extensive fiber optic network, revealed its financial results. During this period, revenues reached Ps.11,117 million, representing a 10% increase compared to Ps.10,137 million from the previous year.
Total costs and expenses amounted to Ps.5,727 million, while in the same quarter of the previous year they were Ps.5,323 million. As a result, Total Play's EBITDA increased by 12%, reaching Ps.5,390 million, compared to Ps.4,814 million the previous year. The EBITDA margin for this quarter was 48%, one percentage point higher than the same quarter in 2023.
In the words of Eduardo Kuri, CEO of Total Play, the successful issuance of long-term Trust Securities for Ps.2,500 million and the company's cash flow growth will strengthen the cash balance, thereby boosting the company's liquidity and financial solidity.
Kuri also pointed out that operational efficiencies at Total Play, together with the strategy of moderating subscriber base growth and financial discipline, led to a solid increase in EBITDA and EBITDA margin. This represents the highest level since the company began issuing public debt.
The operating profit reported by the company for this quarter was Ps.1,147 million, compared to Ps.819 million in the same period the previous year. Additionally, the Capex for the period, which represented 26.5% of the company's revenues, continued to support cash flow generation, which reached Ps.781 million in this quarter, marking three consecutive quarters of solid cash generation.
