Millicom Cellular (TIGO) Revenue & Revenue Breakdown

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Millicom Cellular Revenue Highlights

Latest Revenue (Y)

$5.66B

Latest Revenue (Q)

$1.49B

Main Segment (Y)

Service1

Main Geography (Y)

GUATEMALA

Millicom Cellular Revenue by Period

Millicom Cellular Revenue by Year

Date	Revenue	Change
2023-12-31	$5.66B	0.66%
2022-12-31	$5.62B	21.81%
2021-12-31	$4.62B	10.69%
2020-12-31	$4.17B	-3.81%
2019-12-31	$4.34B	6.40%
2018-12-31	$4.08B	-1.40%
2017-12-31	$4.13B	-5.51%
2016-12-31	$4.37B	-35.01%
2015-12-31	$6.73B	5.39%
2014-12-31	$6.39B	23.78%
2013-12-31	$5.16B	7.17%
2012-12-31	$4.81B	6.27%
2011-12-31	$4.53B	15.55%
2010-12-31	$3.92B	16.23%
2009-12-31	$3.37B	-1.16%
2008-12-31	$3.41B	29.72%
2007-12-31	$2.63B	66.91%
2006-12-31	$1.58B	45.44%
2005-12-31	$1.08B	17.60%
2004-12-31	$921.47M	42.40%
2003-12-31	$647.10M	6.93%
2002-12-31	$605.19M	-6.11%
2001-12-31	$644.57M	12.92%
2000-12-31	$570.84M	3.34%
1999-12-31	$552.40M	23.33%
1998-12-31	$447.90M	28.93%
1997-12-31	$347.40M	61.13%
1996-12-31	$215.60M	64.08%
1995-12-31	$131.40M	61.43%
1994-12-31	$81.40M	32.79%
1993-12-31	$61.30M	-

Millicom Cellular generated $5.66B in revenue during NA 2023, up 0.66% compared to the previous quarter, and up 138.92% compared to the same period a year ago.

Millicom Cellular Revenue by Quarter

Date	Revenue	Change
2024-03-31	$1.49B	0.81%
2023-12-31	$1.48B	3.58%
2023-09-30	$1.42B	2.23%
2023-06-30	$1.39B	1.75%
2023-03-31	$1.37B	-0.87%
2022-12-31	$1.38B	-0.50%
2022-09-30	$1.39B	-4.08%
2022-06-30	$1.45B	2.77%
2022-03-31	$1.41B	4.53%
2021-12-31	$1.35B	23.24%
2021-09-30	$1.09B	0.37%
2021-06-30	$1.09B	0.09%
2021-03-31	$1.09B	-
2020-12-31	$1.09B	6.04%
2020-09-30	$1.03B	5.77%
2020-06-30	$970.00M	-10.85%
2020-03-31	$1.09B	-5.39%
2019-12-31	$1.15B	4.83%
2019-09-30	$1.10B	3.98%
2019-06-30	$1.05B	-0.94%
2019-03-31	$1.06B	5.34%
2018-12-31	$1.01B	-0.79%
2018-09-30	$1.02B	-3.96%
2018-06-30	$1.06B	1.82%
2018-03-31	$1.04B	-2.53%
2017-12-31	$1.07B	3.09%
2017-09-30	$1.04B	-1.05%
2017-06-30	$1.05B	0.48%
2017-03-31	$1.04B	-6.79%
2016-12-31	$1.12B	1.82%
2016-09-30	$1.10B	-0.09%
2016-06-30	$1.10B	4.17%
2016-03-31	$1.06B	-37.01%
2015-12-31	$1.68B	2.18%
2015-09-30	$1.64B	-11.74%
2014-12-31	$1.86B	11.05%
2014-09-30	$1.67B	22.64%
2013-12-31	$1.36B	5.81%
2013-09-30	$1.29B	1.90%
2012-12-31	$1.27B	5.59%
2012-09-30	$1.20B	1.84%
2011-12-31	$1.18B	2.32%
2011-09-30	$1.15B	7.65%
2010-12-31	$1.07B	5.03%
2010-09-30	$1.02B	10.18%
2009-12-31	$923.68M	7.88%
2009-09-30	$856.20M	-4.87%
2008-12-31	$900.06M	3.56%
2008-09-30	$869.11M	13.14%
2007-12-31	$768.20M	11.92%
2007-09-30	$686.36M	40.14%
2006-12-31	$489.76M	21.68%
2006-09-30	$402.50M	37.77%
2005-12-31	$292.17M	11.84%
2005-09-30	$261.23M	2.17%
2004-12-31	$255.69M	8.40%
2004-09-30	$235.87M	16.85%
2003-12-31	$201.85M	28.84%
2003-09-30	$156.67M	0.89%
2002-12-31	$155.28M	-0.35%
2002-09-30	$155.83M	23.77%
2001-12-31	$125.90M	-28.07%
2001-09-30	$175.02M	9.37%
2000-12-31	$160.02M	8.69%
2000-09-30	$147.23M	-2.24%
1999-12-31	$150.60M	1.07%
1999-09-30	$149.00M	14.44%
1998-12-31	$130.20M	19.89%
1998-09-30	$108.60M	11.96%
1997-12-31	$97.00M	1.68%
1997-09-30	$95.40M	39.07%
1996-12-31	$68.60M	23.83%
1996-09-30	$55.40M	32.22%
1995-12-31	$41.90M	23.24%
1995-09-30	$34.00M	44.68%
1994-12-31	$23.50M	-
1994-09-30	$23.50M	53.59%
1993-12-31	$15.30M	-
1993-09-30	$15.30M	-

Millicom Cellular generated $1.49B in revenue during Q1 2024, up 0.81% compared to the previous quarter, and up 107.68% compared to the same period a year ago.

Millicom Cellular Revenue Breakdown

Millicom Cellular Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Service1	$5.25B	$5.17B	-	-	-
Mobile Services	-	$2.96B	-	-	-
Other Services	-	$69.00M	-	-	-
Service, Telephone And Equipment, And Other Revenue	-	$5.62B	$4.62B	$4.17B	$4.34B

Millicom Cellular's latest annual revenue breakdown by segment (product or service), as of Dec 23: Service1 (100.00%).

Millicom Cellular Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
COLOMBIA	$1.31B	$1.33B	$1.41B	$1.35B	$1.53B
BOLIVIA	$613.00M	$621.00M	$623.00M	$584.00M	$639.00M
GUATEMALA	$1.56B	$1.61B	$223.00M	-	-
HONDURAS	$612.00M	-	-	-	-
PANAMA	$719.00M	$650.00M	$632.00M	$585.00M	$475.00M
PARAGUAY	$568.00M	$556.00M	$555.00M	$544.00M	$609.00M
EL SALVADOR	-	$474.00M	$445.00M	$389.00M	$386.00M
Other Countries	-	$2.00M	$2.00M	-	-
NICARAGUA	-	$247.00M	$238.00M	$220.00M	$157.00M
TANZANIA, UNITED REPUBLIC OF	-	-	$357.00M	$366.00M	$382.00M

Millicom Cellular's latest annual revenue breakdown by geography, as of Dec 23: GUATEMALA (29.02%), COLOMBIA (24.36%), PANAMA (13.34%), BOLIVIA (11.38%), HONDURAS (11.36%), and PARAGUAY (10.54%).

Millicom Cellular Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
TLK	Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk	$149.22T	$37.43T
KT	KT	$26.39T	$6.65T
SKM	SK Telecom	$17.61T	$4.47T
PHI	PLDT	$210.95B	$54.22B
CHTR	Charter Communications	$54.61B	$13.79B
LBRDA	Liberty Broadband	$54.61B	$246.00M
VIV	Telefônica Brasil	$52.10B	$13.55B
TIMB	TIM	$23.83B	$6.10B
LBTYA	Liberty Global	$7.49B	$1.94B
TIGO	Millicom Cellular	$5.66B	$1.49B
LILA	Liberty Latin America	$4.51B	$1.09B
CCOI	Cogent Communications	$940.92M	$260.44M
ATNI	ATN	$762.22M	$178.45M
WOW	WideOpenWest	$686.70M	$158.00M
SHEN	Shenandoah Telecommunications Company	$287.38M	$85.80M
TDS	Telephone and Data Systems	$-63.00M	$1.22B

TIGO Revenue FAQ

What is Millicom Cellular’s yearly revenue?

Millicom Cellular's yearly revenue for 2023 was $5.66B, representing an increase of 0.66% compared to 2022. The company's yearly revenue for 2022 was $5.62B, representing an increase of 21.81% compared to 2021. TIGO's yearly revenue for 2021 was $4.62B, representing an increase of 10.69% compared to 2020.

What is Millicom Cellular’s quarterly revenue?

Millicom Cellular's quarterly revenue for Q1 2024 was $1.49B, a 0.81% increase from the previous quarter (Q4 2023), and a 8.62% increase year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $1.48B, a 3.58% increase from the previous quarter (Q3 2023), and a 6.81% increase year-over-year (Q4 2022). TIGO's quarterly revenue for Q3 2023 was $1.42B, a 2.23% increase from the previous quarter (Q2 2023), and a 2.59% increase year-over-year (Q3 2022).

What is Millicom Cellular’s revenue growth rate?

Millicom Cellular's revenue growth rate for the last 3 years (2021-2023) was 22.61%, and for the last 5 years (2019-2023) was 30.56%.

What are Millicom Cellular’s revenue streams?

Millicom Cellular's revenue streams in c 23 are Service1

What is Millicom Cellular’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Millicom Cellular was Service1. This segment made a revenue of $5.25B, representing 100.00% of the company's total revenue.