NASDAQ$LILA

Liberty Latin America Ltd. · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Reported solid subscriber growth and remained on track to achieve 2023 financial guidance targets.

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.

Headline financials

Total Revenue

$1.1B

Previous: $1.22B-9.4%
EPS (adj)

-$0.23

Previous: $0.36-163.9%
Capital Expenditures

-$145M

Previous: -$175M+17.5%
Free Cash Flow

-$194M

Previous: -$91.8M-111.8%
Net Income

-$49.7M

Previous: $83.6M-159.4%
Operating Income

$113M

Previous: $188M-40.0%
Gross Profit

$860M

Previous: $917M-6.1%
Cash & Equivalents

$672M

Previous: $857M-21.6%
Total Assets

$13.4B

Previous: $15.2B-11.9%
Stock-Based Comp

$29.2M

Previous: $30M-2.7%

Revenue & EPS history

Liberty Latin America · Revenue · Quarterly

$1.1B

Q1 2023-9.4%vs Q1 2022
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

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.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

+0.1%

Avg return

Earnings day

-1.2%

Avg return

5 days after

-3.5%

Avg return

30 days after

60%

25 / 42 earnings

Positive

+19.0%

Q2 2023

Best reaction

-29.4%

Q3 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.3%-3.2%-2.8%
Q4 2025+3.6%+4.7%+1.0%
Q3 2025+7.6%+1.3%+12.6%
Q1 2025-15.1%-11.5%-8.7%
Q4 2024-5.3%-5.7%-6.7%
Q3 2024-17.6%-25.4%-31.6%
Q2 2024-7.3%-8.1%-4.0%
Q1 2024+5.8%+2.9%+10.7%
Q4 2023-7.7%-2.2%+2.5%
Q3 2023+8.9%+7.9%+8.3%
Q2 2023+19.0%+13.2%-3.0%
Q1 2023+1.0%-6.9%+3.6%
Q4 2022+7.6%+2.3%-8.1%
Q3 2022-10.2%-2.2%-14.8%
Q2 2022+3.6%+1.2%-6.4%
Q1 2022-6.5%-16.1%-3.0%
Q4 2021-3.9%-6.8%-11.7%
Q3 2021+2.0%+4.5%-10.8%
Q2 2021+8.0%+3.7%+7.2%
Q1 2021+2.9%-0.6%+2.8%
Q4 2020+13.4%+18.5%+19.4%
Q3 2020-2.0%+3.6%+13.3%
Q2 2020-9.9%-2.7%-3.2%
Q1 2020-8.8%-4.6%-0.6%
Q4 2019+10.3%+5.0%-45.3%
Q3 2019-0.4%-6.4%-12.2%
Q2 2019+8.4%+8.7%+8.2%
Q1 2019-8.5%-11.0%-17.5%
Q4 2018+2.3%+2.8%+6.4%
Q3 2018+6.2%-0.2%-9.1%
Q2 2018-1.2%-3.1%+5.9%
Q1 2018+2.0%+2.8%+5.9%
Q4 2017+5.5%+5.5%-3.9%
Q3 2017+3.3%+0.8%-1.0%
Q2 2017+1.0%+2.5%-3.2%
Q1 2017+6.5%+1.4%+3.9%
Q4 2016+15.2%+18.9%+0.9%
Q3 2016-29.4%-25.1%-22.0%
Q2 2016-7.7%-15.7%-19.1%
Q1 2016+3.5%
Q4 2015+3.0%
Q3 2015+0.9%
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014

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