Liberty LiLAC ( (LILAK) ) has released its Q3 earnings. Here is a breakdown of the information Liberty LiLAC presented to its investors.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Liberty Latin America, a communications company operating in Latin America and the Caribbean, provides services including digital video, broadband internet, telephony, and mobile services. In its Q3 2024 earnings report, Liberty Latin America announced revenue of $1.1 billion, a sequential improvement despite a 3% year-over-year decline. The company highlighted successful debt refinancing and strategic acquisitions in mobile spectrum and subscribers. Key financial highlights include a 3% decline in revenue, primarily due to challenges in Liberty Puerto Rico, and a 6% drop in Adjusted OIBDA. However, growth in C&W Panama and Liberty Costa Rica partially offset these declines. Looking forward, Liberty Latin America aims for strong cash flow generation in Q4 2024, driven by B2B growth and recovery efforts in Puerto Rico.
