Liberty LiLAC ( (LILAK) ) has released its Q4 earnings. Here is a breakdown of the information Liberty LiLAC presented to its investors.
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Liberty Latin America, a leading communications company, operates across over 20 countries in Latin America and the Caribbean, providing digital video, broadband internet, telephony, and mobile services to both residential and business customers. The company also maintains a subsea and terrestrial fiber optic cable network connecting over 30 markets in the region.
Liberty Latin America’s latest earnings report for Q4 and FY 2024 reflects a challenging yet promising performance. Despite facing difficulties in Puerto Rico due to the migration from AT&T’s platforms, the company showed robust growth in the Caribbean, Panama, and Costa Rica segments, with significant investments in network upgrades and subscriber growth.
Key financial highlights include a 100,000 increase in organic fixed and mobile subscriber net adds, and a substantial refinancing of $3.3 billion in debt for the C&W credit silo. Revenue saw a slight decline of 1% year-over-year, mainly due to challenges in Puerto Rico, while adjusted OIBDA showed a similar 6% decrease. However, the C&W Caribbean and Panama segments demonstrated strong performance with double-digit OIBDA growth.
Looking forward, Liberty Latin America aims to continue its strategic investments in fixed, mobile, and subsea networks to improve service delivery and coverage. The management is cautiously optimistic about achieving its three-year guidance targets for Adjusted OIBDA and Adjusted Free Cash Flow, with a focus on overcoming challenges in Puerto Rico and driving growth in other areas.
With a strengthened capital structure and ongoing network enhancements, Liberty Latin America is poised for a positive trajectory in 2025, as the company seeks to capitalize on the increasing demand for connectivity in the region.
