earnings
confidence high
sentiment neutral
materiality 0.65
Liberty Latin America Q1 net loss $50M, rev down 9%, but broadband adds 29,400; $200M buyback
Liberty Latin America Ltd.
2023-Q1 EPS reported
-$0.23
revenue$1,103,800,000
- Net loss attributable to shareholders of $50M vs profit of $81M in Q1 2022; operating income down 39% to $113M.
- Revenue $1,104M, down 9% reported but up 1% rebased (excl VTR up 6%); Adj OIBDA $407M, up 4% rebased.
- Broadband net adds of 29,400 and postpaid mobile adds of 35,200; organic customer additions of 23,900.
- Board authorized additional $200M share repurchase through 2025; FY2023 guidance reaffirmed with mid-to-high single digit Adj OIBDA rebased growth.
- Integration progress in Puerto Rico, Panama, Costa Rica; prepaid migration to own platform in Puerto Rico underway.