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Sep 30, 2024
Liberty Latin America Q3 2024 Earnings Report
Reported revenue of $1.1bn and positioned to accelerate financial performance in Q4.
Key Takeaways
Liberty Latin America reported Q3 2024 results with revenue of $1.1 billion. The company is focused on connecting communities and driving broadband and postpaid mobile penetration. Transformation programs are gaining momentum, and the company expects a strong performance in Q4 driven by B2B growth and recovery in Puerto Rico.
C&W Caribbean: Flat YoY revenue performance, including $5m negative impact from Hurricane Beryl, and YoY reported and rebased Adj. OIBDA growth of 5%.
C&W Panama: Strong operating and financial progress with 12,000 broadband and mobile postpaid additions and YoY Adj. OIBDA growth of 17%.
Liberty Puerto Rico: Turnaround underway with sequential Adj. OIBDA growth and LOOP converged proposition launched in September 2024.
Liberty Costa Rica: Continued subscriber momentum, with Q3 postpaid net adds 23% higher YoY, and reported Q3 revenue and Adj. OIBDA growth.
Revenue by Geographic Location
Forward Guidance
The company plans to deliver a strong performance in the fourth quarter driven by B2B growth and further progress in the recovery of its Puerto Rican operations, and aims to produce its strongest quarter in cash flow generation this year.
Positive Outlook
- Strong performance driven by B2B growth
- Further progress in the recovery of Puerto Rican operations
- Aim to produce strongest quarter in cash flow generation this year
- Successful $1bn debt refinancing in C&W credit silo
- Completed acquisition of mobile spectrum and prepaid subscribers in PR & USVI
Challenges Ahead
- No longer expect to achieve a monthly Adj. OIBDA of $45 million by year-end in Puerto Rico
- C&W Caribbean experienced adverse operational impacts from Hurricane Beryl during the quarter
- Churn from the migration in Puerto Rico was higher than anticipated
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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