Liberty Latin America reported a slight decrease in revenue and Adjusted OIBDA for Q4 2024. The company saw robust growth in C&W Caribbean, Panama, and Costa Rica, driven by subscriber additions and operational efficiencies. However, these gains were offset by challenges in Puerto Rico, primarily due to mobile migration issues. The company successfully refinanced a significant portion of its debt, strengthening its capital structure.
Liberty Latin America added approximately 100,000 organic fixed and mobile subscribers in 2024.
C&W Caribbean, Panama, and Costa Rica segments demonstrated strong revenue and Adjusted OIBDA growth.
Puerto Rico operations faced challenges in 2024 due to platform migration, with a focus on rebuilding for growth in 2025.
The company successfully refinanced $3.3 billion of C&W credit silo debt, extending its weighted average maturity profile to 6.5 years.
Looking ahead to 2025, Liberty Latin America is positioned for a positive year and remains on track to achieve its previously announced three-year guidance targets for Adjusted OIBDA and Adjusted FCF. The company is reducing its annual expectations for LLA P&E additions to revenue to 14% from 16%, further supporting Adjusted FCF generation.
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