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Jun 30, 2021
Liberty Latin America Q2 2021 Earnings Report
Reported operating momentum and strong growth across key financial metrics as markets recovered from COVID-19.
Key Takeaways
Liberty Latin America reported a strong Q2 2021 with healthy subscriber additions in both fixed and mobile products. The company's financial performance showed significant growth, with operating income up by 178% and Adjusted OIBDA up by 40%. Revenue and Adjusted OIBDA were also higher sequentially, evidencing continued progress.
Added approximately 190,000 fixed and mobile subscribers in Q2.
Reported $1.2 billion in revenue, $160 million of operating income, and $464 million in Adjusted OIBDA in Q2.
Increased homes passed added or upgraded to over 700,000 from ~600,000.
Recommenced share repurchases under previously announced program.
Revenue by Geographic Location
Forward Guidance
Liberty Latin America is focused on maintaining its positive momentum through the delivery of compelling consumer propositions across its expanding fixed footprint. The organic opportunity is bolstered by last year's acquisition of Liberty Mobile in Puerto Rico and the upcoming addition of Telefónica Costa Rica's operations.
Positive Outlook
- Delivery of compelling consumer propositions
- Expanding fixed footprint
- Acquisition of Liberty Mobile in Puerto Rico
- Addition of Telefónica Costa Rica's operations
- Expected synergies and improved full-service product suites
Challenges Ahead
- Hurricanes and other natural disasters
- Political or social events
- Pandemics, such as COVID-19
- The uncertainties surrounding such events and efforts to contain any pandemic
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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