NASDAQ$LILA

Liberty Latin America Ltd. · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Liberty Latin America reported growth in subscribers and operating income, with a focus on integration and strategic acquisitions.

Liberty Latin America reported Q3 2023 results with revenue of $1.1 billion, operating income of $163 million (up 7% YoY), and Adjusted OIBDA of $428 million (rebased growth of 10%). The company added 44,000 net organic internet and postpaid mobile subscribers and announced the acquisition of spectrum and subscriber assets in Puerto Rico and the USVI.

  • Added 44,000 net organic internet and postpaid mobile subscribers.
  • Reported operating income of $163 million, up 7% year-over-year.
  • Expanded Adjusted OIBDA to $428 million, with rebased growth of 10%.
  • Announced acquisition of spectrum and subscriber assets in Puerto Rico & USVI for $256 million.

Headline financials

Total Revenue

$1.13B

Previous: $1.22B-7.9%
EPS (adj)

$0.29

Previous: $0.38-23.7%
Capital Expenditures

-$135M

Previous: -$591M+77.1%
Free Cash Flow

$59.7M

Previous: -$507M+111.8%
Net Income

$59.7M

Previous: $84.1M-29.0%
Operating Income

$163M

Previous: $153M+6.4%
Gross Profit

$867M

Previous: $923M-6.1%
Cash & Equivalents

$572M

Previous: $769M-25.7%
Total Assets

$13.3B

Previous: $15.1B-11.6%
Stock-Based Comp

$24.1M

Previous: $20.8M+15.9%

Revenue & EPS history

Liberty Latin America · Revenue · Quarterly

$1.13B

Q3 2023-7.9%vs Q3 2022
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

Liberty Latin America provided FY 2023 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 Q3 2023

Historical avgQ3 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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