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LILA Liberty Latin America News Story

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Brief: Liberty Latin America Q2 Revenue USD 1,087 Million

Overview

Liberty Latin America reports Q2 operating loss of $333 mln, missing analysts' expectations

Adjusted OIBDA grows 7% YoY in Q2, driven by cost efficiencies

Company plans to separate Liberty Puerto Rico to unlock shareholder value

Outlook

Company plans separation of Liberty Puerto Rico to unlock shareholder value

Liberty Puerto Rico expected to raise capital using its own assets

Company anticipates B2B revenue to drive better momentum in H2

Liberty Latin America highlights cost efficiencies as growth driver

Result Drivers

SUBSCRIBER GROWTH - Co added 45,000 net organic broadband and postpaid mobile subscribers in Q2, contributing to H1 additions of over 100,000

COST EFFICIENCIES - Cost reduction activities across LLA supported 7% YoY rebased Adjusted OIBDA growth in Q2

B2B REVENUE IMPACT - YoY rebased revenue growth affected by higher project-related B2B revenue in prior-year period

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 Revenue$1.09 bln
Q2 Adjusted OIBDA$415 mln
Q2 Operating IncomeMiss-$333 mln$133.20 mln (1 Analyst)
Q2 Adjusted Free Cash Flow-$41 mln
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell" The average consensus recommendation for the wireless telecommunications services peer group is "buy." Wall Street's median 12-month price target for Liberty Latin America Ltd is $6.55, about 9.5% below its August 6 closing price of $7.17 Press Release: ID:nBwc0rmFta (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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