The earnings call highlighted significant operational achievements and strategic milestones, including customer growth, EBITDA improvement, and strategic acquisitions. However, the company faced challenges due to foreign exchange impacts and specific market issues in Bolivia. Overall, the positives in growth and strategic direction appear to outweigh the negatives.

Company Guidance -

Q3 2025

In the second quarter of 2025, the company demonstrated robust operational and strategic progress, highlighted by delivering $218 million in equity free cash flow for the quarter, contributing to a total of $395 million for the first half of the year, which is $126 million ahead of the previous year. The company achieved a leverage ratio of 2.18x, staying committed to maintaining it below 2.5x by year-end. Adjusted EBITDA reached a new high of 46.7%, up 3.2 percentage points year-over-year, with more than half of its operations achieving margins above 50%. The mobile business saw a mid-single-digit growth, driven by a significant 14% increase in the postpaid base, reaching nearly 9 million customers. The Home segment added 41,000 customers, marking a 6% year-over-year growth, with broadband customer base up by approximately 8%. Service revenue was negatively impacted by foreign exchange fluctuations, resulting in a 5.9% decline to $1.28 billion, though organic growth accelerated to 2.4%. The company declared a special interim dividend of $2.5 per share, fueled by unlocking over $500 million in proceeds from strategic transactions, including the acquisition of Telefónica's operations in Uruguay and Ecuador.

Strong Operational Execution and Strategic Acceleration

The company is on track to deliver $750 million in equity free cash flow for the year, with strategic acquisitions in Uruguay and Ecuador, and partial closing of an infrastructure transaction with SBA, unlocking over $500 million in proceeds.

Customer Growth and EBITDA Improvement

Added nearly 250,000 net postpaid customers and 41,000 Home customers with adjusted EBITDA reaching a new high of 46.7%, up 3.2 percentage points year-over-year.

Mobile Business Performance

Mobile business grew by mid-single digits, with postpaid customer growth of 14% reaching near 9 million customers.

B2B Segment Growth

Service revenue grew nearly 4% organically, with a 16% CAGR in digital services over the past two years.

Country-Specific Achievements

Colombia service revenue grew nearly 5%, with a postpaid customer base growing by 15%. Guatemala saw a 20% expansion in its postpaid customer base.

Millicom International Cellular SA (TIGO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TIGO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q3)	0.56 / -	0.7	―	―	―
Aug 07, 2025	2025 (Q2)	0.63 / 4.05	0.46	780.43% (+3.59)
May 08, 2025	2025 (Q1)	0.81 / 1.14	0.87	31.03% (+0.27)
Feb 27, 2025	2024 (Q4)	0.69 / 0.20	-0.95	121.26% (+1.15)
Nov 07, 2024	2024 (Q3)	0.57 / 0.70	0.235	197.87% (+0.46)
Aug 02, 2024	2024 (Q2)	0.65 / 0.46	-0.128	459.38% (+0.59)
May 08, 2024	2024 (Q1)	0.45 / 0.87	-0.117	843.59% (+0.99)
Feb 27, 2024	2023 (Q4)	0.44 / -0.95	0.54	-275.93% (-1.49)
Oct 26, 2023	2023 (Q3)	0.19 / 0.23	-0.284	182.75% (+0.52)
Jul 27, 2023	2023 (Q2)	0.19 / -0.13	1.14	-111.23% (-1.27)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TIGO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	$39.94	$42.97	+7.59%
May 08, 2025	$33.36	$33.59	+0.69%
Feb 27, 2025	$26.58	$25.90	-2.56%
Nov 07, 2024	$24.62	$24.20	-1.71%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Millicom International Cellular SA (TIGO) report earnings?

Millicom International Cellular SA (TIGO) is schdueled to report earning on Nov 06, 2025, After Close (Confirmed).

What is Millicom International Cellular SA (TIGO) earnings time?

Millicom International Cellular SA (TIGO) earnings time is at Nov 06, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is TIGO EPS forecast?

TIGO EPS forecast for the fiscal quarter 2025 (Q3) is 0.56.

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