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Mar 31, 2021
Liberty Latin America Q1 2021 Earnings Report
Reported record RGU additions, revenue growth, and Adjusted OIBDA increase, driven by the Puerto Rico acquisition and overall market recovery.
Key Takeaways
Liberty Latin America reported a strong start to 2021, marked by record Q1 RGU additions of 76,000 and revenue growth of 25% to $1.2 billion, driven by the acquisition of Liberty Mobile in Puerto Rico. Operating income increased by 65% year-over-year to $178 million, and Adjusted OIBDA grew by 23% to $449 million.
Record Q1 RGU additions of 76,000, surpassing the prior year by over 25%.
Revenue increased by 25% to $1.2 billion, primarily due to the Puerto Rico acquisition.
Operating income rose by 65% year-over-year to $178 million.
Adjusted OIBDA grew by 23% to $449 million, with rebased growth of 3%.
Revenue by Geographic Location
Forward Guidance
The company anticipates that the regional operating environment will improve as vaccination rates increase and local economies recover. Liberty Latin America is also driving the integration of AT&T's Puerto Rico and USVI operations and working towards a summer completion of the acquisition of Telefónica's Costa Rica assets.
Positive Outlook
- Regional operating environment expected to improve with increased vaccination rates.
- Local economies are anticipated to recover, boosting business activity.
- Continued integration of AT&T's Puerto Rico and USVI operations.
- Working towards summer completion of Telefónica's Costa Rica assets acquisition.
- Proactive balance sheet management through debt refinancing.
Challenges Ahead
- Operating environment remains challenging due to reduced tourism.
- Government-imposed lockdowns and restrictions continue to impact operations.
- Ongoing impact of the pandemic on financial performance, especially mobile and B2B.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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