Millicom posted Q1 adjusted EPS $0.65 versus consensus $1.44, causing shares to slip 0.64% pre‑market.
Revenue reached $1.99 bn, slightly beating $1.98 bn estimate and representing 45.1% YoY growth with 4.2% organic increase.
Adjusted EBITDA rose 35.5% to $857 mn (43.2% margin) while operating profit fell 1.2% to $416 mn and net profit dropped 43.4% to $109 mn.
Millicom completed acquisitions in Colombia, Ecuador, Uruguay, raising leverage to 2.76x and targeting FY2026 free cash flow of at least $900 mn.