NASDAQ$LILA

Liberty Latin America Ltd. · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Reported strong operating and financial results across Panama, Costa Rica and C&W Caribbean, completed Puerto Rico migration, and repurchased 5% of shares outstanding.

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

Headline financials

Total Revenue

$1.1B

Previous: $1.1B-0.4%
EPS

$0.00

Previous: -$0.23+100.0%
Adjusted OIBDA

$374.20

No prior period
Adjusted OIBDA Margin

41.4%

No prior period
Property & Equipment Additions

$134.90

No prior period
Capital Expenditures

-$110M

Previous: -$145M+24.2%
Free Cash Flow

-$500K

Previous: -$194M+99.7%
Net Income

-$500K

Previous: -$49.7M+99.0%
Operating Income

$92.8M

Previous: $113M-17.9%
Gross Profit

$859M

Previous: $860M-0.1%
Cash & Equivalents

$669M

Previous: $672M-0.5%
Total Assets

$13.3B

Previous: $13.4B-1.1%

Revenue & EPS history

Liberty Latin America · Revenue · Quarterly

$1.1B

Q1 2024-0.4%vs Q1 2023
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

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.

Tailwinds

  • 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.

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 2024

Historical avgQ1 2024

+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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