#Mexico #Mexico City #Total Play #Telecomunicaciones #Q2 2026

Total Play Financial Report for Q2 2026

Total Play Telecomunicaciones, S.A.P.I. de C.V., a prominent player in the Mexican telecommunications field, has released its second quarter financial results for 2026. The report indicates a revenue of Ps.11,360 million, slightly down from Ps.11,551 million in the same period last year. This decline of 2% reflects a modest growth of 1% in residential sector sales.

Subscriber Growth

A key insight from Total Play’s Q2 report is the increase of 121,572 net subscribers in the Totalplay Residential category. This surge was driven by strong demand for the company's advanced Internet services which successfully utilized their extensive fiber optic network without necessitating additional investments in infrastructure. As CEO Eduardo Kuri noted, this strategy allowed the company to enhance user experience while optimizing service delivery.

The company's total subscriber base reached 5,675,946, which includes substantial growth within the small and medium business sector. Notably, Total Play has consistently improved its customer offering, showcasing exceptional speed and stability in its Internet services, along with a commitment to innovation in entertainment provision.

Financial Performance

Despite the notable increase in subscribers, Total Play faced challenges reflected in its financial performance. The company's EBITDA for Q2 was Ps.5,074 million, down from Ps.5,399 million year-on-year, marking a reduction of 6%. However, the EBITDA margin for the quarter remained robust at 45%. Operating profit improved to Ps.654 million, a considerable increase of 32% compared to the previous year.

The report also highlighted a net loss of Ps.362 million, a stark contrast to a net income of Ps.180 million from the same quarter in 2025. This shift was attributed to various factors, including increased operational costs and adjustments in service pricing.

Cost Management and Debt Reduction

Total Play has taken proactive measures to strengthen its balance sheet, reporting a 5% reduction in debt during the quarter. Noteworthy amortizations, including US$31 million of Senior Secured Notes and US$56 million of Senior Notes, contributed to this positive trend. The reduction in trade payables and lease liabilities by 9% and 26% respectively has further bolstered the company’s capital structure.

Market Position and Future Outlook

As of June 2026, the number of homes connected by Total Play's network reached 19.5 million, with service penetration standing at 29.1%. However, the average revenue per subscriber (ARPU) declined to Ps.580, owing to a shift toward a higher proportion of double-play subscribers compared to triple-play offerings.

Looking ahead, Total Play's strategy focuses on enhancing its infrastructure to accommodate the growing subscriber base while maintaining high service standards. In line with market demands, the company is poised to continue innovations in its service offerings, ensuring alignment with customer expectations.

In conclusion, Total Play’s Q2 financial results illustrate a mix of subscriber growth amid strong competition and cost pressures. The management’s focus on capital structure and sustained service delivery will be vital as the company navigates the challenges of the telecommunications landscape in Mexico.

For more information on Total Play, visit their official website at www.totalplay.com.mx.