The Profit Paradox of Millicom: Growth at Any Cost? Millicom's latest quarterly results are a study in contrasts. Revenue jumped 59. 4% year over year to $2.
18 billion, with Adjusted EBITDA crossing $1 billion for the first time in its history at $1. 01 billion. However, net profit attributable to company owners plummeted 83. 9% to just $109 million.
The company's performance looks like a textbook example of growth hacking, where companies use acquisitions and expansion to boost top line numbers regardless of profitability. Organic revenue growth was a mere 4.