NASDAQ$LILA

Liberty Latin America Ltd. · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Liberty Latin America reported a slight decrease in revenue and Adjusted OIBDA for Q4 2024, while showing strong growth in C&W Caribbean, Panama, and Costa Rica, offset by challenges in Puerto Rico.

Liberty Latin America reported a slight decrease in revenue and Adjusted OIBDA for Q4 2024. The company saw robust growth in C&W Caribbean, Panama, and Costa Rica, driven by subscriber additions and operational efficiencies. However, these gains were offset by challenges in Puerto Rico, primarily due to mobile migration issues. The company successfully refinanced a significant portion of its debt, strengthening its capital structure.

  • Liberty Latin America added approximately 100,000 organic fixed and mobile subscribers in 2024.
  • C&W Caribbean, Panama, and Costa Rica segments demonstrated strong revenue and Adjusted OIBDA growth.
  • Puerto Rico operations faced challenges in 2024 due to platform migration, with a focus on rebuilding for growth in 2025.
  • The company successfully refinanced $3.3 billion of C&W credit silo debt, extending its weighted average maturity profile to 6.5 years.

Headline financials

Total Revenue

$1.15B

Previous: $1.16B-1.2%
EPS (adj)

-$0.90

Previous: -$0.49-83.7%
Free Cash Flow

$163.20

No prior period
Net Income

-$178.00

Previous: -$103M+100.0%
Operating Income

$128.00

Previous: $113M-100.0%

Revenue & EPS history

Liberty Latin America · Revenue · Quarterly

$1.15B

Q4 2024-1.2%vs Q4 2023
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

Looking ahead to 2025, Liberty Latin America is positioned for a positive year and remains on track to achieve its previously announced three-year guidance targets for Adjusted OIBDA and Adjusted FCF. The company is reducing its annual expectations for LLA P&E additions to revenue to 14% from 16%, further supporting Adjusted FCF generation.

Tailwinds

  • Positioned for a positive year in 2025.
  • On track to achieve previously announced three-year guidance targets for Adjusted OIBDA.
  • On track to achieve previously announced three-year guidance targets for Adjusted FCF.
  • Reducing annual expectations for LLA P&E additions to revenue to 14% from 16%.
  • Further supporting Adjusted FCF generation through reduced P&E additions.

Headwinds

  • Behind expected targets after year one of the guidance period due to Puerto Rico migration impact.
  • Slow recovery in Puerto Rico business.
  • Key focus will be to drive outperformance in other areas to compensate for Puerto Rico challenges.
  • Need to quickly return Puerto Rican business to sustained growth.
  • Significant investments completed, including copper to FTTH upgrades and IT/mobile network upgrades in Puerto Rico.

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 2024

Historical avgQ4 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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