NASDAQ$LILA

Liberty Latin America Ltd. · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported revenue increased and strategic integration progressed.

Liberty Latin America reported a 2% increase in revenue to $1.2 billion. The company completed a 50:50 Chilean Joint Venture and repurchased over $150 million of shares. Subscriber growth in broadband and mobile postpaid contributed to the revenue performance.

  • Revenue increased by 2% to $1.2 billion, remaining flat on a rebased basis.
  • Over 400,000 organic broadband and postpaid mobile subscribers were added in the last twelve months.
  • A 50:50 Chilean Joint Venture was completed on October 6.
  • Over $150 million in shares were repurchased through the end of Q3.

Headline financials

Total Revenue

$1.22B

Previous: $1.19B+2.5%
EPS (adj)

$0.38

Previous: $0.33+15.2%
Total Customers

3.2M

No prior period
Capital Expenditures

-$591M

Previous: -$599M+1.3%
Free Cash Flow

-$507M

Previous: -$521M+2.6%
Net Income

$84.1M

Previous: $78.2M+7.5%
Operating Income

$153M

Previous: $137M+11.3%
Gross Profit

$923M

Previous: $901M+2.4%
Cash & Equivalents

$769M

Previous: $917M-16.1%
Total Assets

$15.1B

Previous: $16B-5.8%
Stock-Based Comp

$20.8M

Previous: $33.1M-37.2%

Revenue & EPS history

Liberty Latin America · Revenue · Quarterly

$1.22B

Q3 2022+2.5%vs Q3 2021
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

Liberty Latin America updated its 2022 financial guidance.

Tailwinds

  • Focus on digital strategy, product innovation, and commercial plans and projects.
  • Expectations on demand for connectivity in the region.
  • Anticipated integration plans, synergies, and opportunities in Puerto Rico, Costa Rica, Panama and Chile.
  • Strength of balance sheet and tenor of debt.
  • Share repurchase program.

Headwinds

  • Hurricanes and other natural disasters.
  • Political or social events.
  • Pandemics, such as COVID-19.
  • Uncertainties surrounding such events and efforts to contain any pandemic.
  • The ability and cost to restore networks in the markets impacted by hurricanes or generally to respond to any such events.

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 Q3 2022

Historical avgQ3 2022

+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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