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Mar 31, 2024
Liberty Latin America Q1 2024 Earnings Report
Reported strong operating and financial results across Panama, Costa Rica and C&W Caribbean, completed Puerto Rico migration, and repurchased 5% of shares outstanding.
Key Takeaways
Liberty Latin America reported flat revenue year-over-year, with strong performance in C&W Caribbean and Liberty Costa Rica offsetting declines in Liberty Puerto Rico. Adjusted OIBDA decreased by 6% due to integration expenses in Puerto Rico, but the company expects significant Adj. OIBDA and cash flow expansion in the second half of the year. The company repurchased 9 million shares or about 5% of its equity and increased its share repurchase authorization by $200 million.
C&W Caribbean: operating momentum driving strong performance
C&W Panama: acquisition synergies contribute to strong growth
Liberty Networks: solid recurring revenue growth
Liberty Puerto Rico: broadband growth; mobile migration complete
Revenue by Segment
Residential Mobile Interconnect, Inbound Roaming, Equipment Sales and Other Revenue
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CapyFin.comRevenue by Geographic Location
Forward Guidance
The company expects synergies, operating cost improvements and top line sequential growth will drive Adj. OIBDA to more than $45 million per month at some point in the second half and is well positioned for meaningful operating and financial expansion in 2025 and beyond.
Positive Outlook
- Synergies
- Operating cost improvements
- Top line sequential growth
- Adj. OIBDA to more than $45 million per month at some point in the second half
- Meaningful operating and financial expansion in 2025 and beyond.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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