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Mar 31, 2023
Liberty Latin America Q1 2023 Earnings Report
Reported solid subscriber growth and remained on track to achieve 2023 financial guidance targets.
Key Takeaways
Liberty Latin America reported a decrease in revenue and operating income for Q1 2023, but showed growth in organic customer additions and rebased revenue excluding VTR. The company is focused on integration efforts and has authorized an additional share repurchase program.
C&W Caribbean: strong start to the year with Broadband and mobile postpaid organic adds more than doubled YoY.
C&W Panama: investments and acquisition benefits drive growth with reported and rebased revenue growth of 30% and 4%, respectively
Liberty Puerto Rico: sequential Adj. OIBDA improvement with Broadband subscriber growth continuing to drive fixed revenue growth YoY
Liberty Costa Rica: strong operational and financial performance with Adj. OIBDA up 50% and 28% on a reported and rebased basis, respectively.
Revenue by Geographic Location
Forward Guidance
Liberty Latin America reconfirmed its FY 2023 LLA financial guidance, including Adjusted OIBDA mid-to-high single digit rebased growth, P&E additions as a percentage of revenue at ~16%, and Adjusted FCF of ~$300 million, before distributions to noncontrolling interests.
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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