NASDAQ$LILA

Liberty Latin America Ltd. · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported revenue growth in the fourth quarter, led by strong performances in C&W Caribbean and Networks & LatAm operations and in Costa Rica.

Liberty Latin America reported flat revenue year-over-year at $4.8 billion for FY 2022, with a 1% increase on a rebased basis. Q4 2022 revenue was $1.161 billion. Subscriber growth underpinned the performance with continued broadband additions across reporting segments. Focus in 2023 is on delivering further broadband and postpaid mobile subscriber growth, and making significant progress towards the successful integration of acquisitions in Puerto Rico, Costa Rica and Panama.

  • C&W Caribbean: Subscriber adds drove reported and rebased revenue up 3% and 4%, respectively for FY 2022.
  • C&W Panama: 25,000 broadband adds in the year drove fixed service revenue growth.
  • C&W Networks & LatAm: Reported and rebased revenue growth of 4% and 7%, respectively for FY 2022.
  • Liberty Puerto Rico: 36,000 broadband adds in 2022, Q4 up 35% YoY.

Headline financials

Total Revenue

$1.16B

Previous: $1.28B-9.2%
EPS (adj)

$0.59

Previous: -$1.16+150.9%
Total Customers

1.9M

No prior period
Fixed RGUs

3.8M

No prior period
Mobile Subscribers

8.2M

Previous: 7.5M+8.3%
Capital Expenditures

$225M

Previous: $257M-12.3%
Free Cash Flow

$152M

Previous: $41.5M+265.8%
Net Income

$135M

Previous: -$611M+122.1%
Operating Income

$110M

Previous: -$412M+126.7%
Gross Profit

$854M

Previous: $936M-8.8%
Cash & Equivalents

$781M

Previous: $957M-18.4%
Total Assets

$13.6B

Previous: $15.4B-11.7%
Stock-Based Comp

$10.9M

Previous: $29.2M-62.7%

Revenue & EPS history

Liberty Latin America · Revenue · Quarterly

$1.16B

Q4 2022-9.2%vs Q4 2021
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

LLA Financial Guidance for FY 2023

Tailwinds

  • Adjusted OIBDA mid-to-high single digit rebased growth
  • P&E additions as a percentage of revenue at ~16%
  • 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 Q4 2022

Historical avgQ4 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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