Liberty Latin America Ltd - LILA STOCK NEWS

Liberty Latin America reported Q2 2024 financial results with a 2% revenue increase to $1.118 billion. Strong performances were noted in Panama, Costa Rica, and the Caribbean, while Puerto Rico faced post-migration challenges. The company added 100,000 net subscribers in Q2, primarily in mobile services. An agreement to combine operations with Tigo in Costa Rica is expected to enhance FTTH transition and launch 5G services.

Financial highlights include: YoY revenue remained flat at $2.217 billion; operating income decreased by 18% to $111 million in Q2 and 16% to $204 million in H1; Adjusted OIBDA dropped by 12% to $389 million in Q2 and 9% to $763 million in H1. The company repurchased $83 million worth of stock and redeemed convertible notes worth $140 million in H1 2024.

Hurricane Beryl impacted Jamaica, causing expected revenue and OIBDA losses of $10-$20 million and infrastructure repair costs of $10-$20 million. Liberty expects a $44 million derivative gain from weather derivatives for Q3 2024.

Liberty Latin America (NASDAQ: LILA and LILAK, OTC Link: LILAB) has announced its plans to release second quarter 2024 financial results on Tuesday, August 6, 2024, after the NASDAQ market close. The company will host an investor call the following day, Wednesday, August 7, 2024, at 8:30 a.m. Eastern Time. During this call, management will discuss the company's results, business operations, and potentially provide additional forward-looking information. This announcement provides shareholders and potential investors with a specific timeline to prepare for the upcoming financial disclosure and the opportunity to participate in the subsequent discussion with the company's leadership.

Liberty Latin America (LILA, LILAK, LILAB) will host its Technology and Customer Experience event, Spark, on June 10-11, 2024, in Panama City. The event will draw over 800 attendees and more than 50 technology providers to showcase advancements in 5G, fiber infrastructure, Generative AI, and Machine Learning. Aamir Hussain, SVP and Chief Technology and Product Officer, highlights the event's role in building relationships and learning from industry experts. Rocio Lorenzo, SVP and General Manager of Cable & Wireless Panama, emphasizes their commitment to providing top-tier services and continuous innovation to meet customer needs.

Liberty Latin America (NASDAQ: LILA, LILAK) has published its latest Environment, Social Impact, and Corporate Governance (ESG) report. The report highlights significant strides in sustainability, including enhancements in operational efficiency, cost reduction, and increased workforce engagement. CEO Balan Nair emphasized that sustainable practices foster trust and loyalty among stakeholders while creating a resilient company. The report highlights the company's efforts to narrow the digital divide and track greenhouse gas emissions more accurately. Liberty Latin America aligns with the UN Sustainable Development Goals and the SASB framework for the Telecommunications Services industry.

Liberty Latin America reported strong Q1 2024 results with 45,000 organic broadband and postpaid mobile subscriber net adds. The company completed the Puerto Rico migration, repurchased 5% of shares, and increased buyback authorization. CEO Balan Nair highlighted strong performance in Panama, Costa Rica, and C&W Caribbean. Revenue remained flat at $1,099 million, operating income declined by 13%, and Adjusted OIBDA decreased by 6%. Liberty Networks saw solid recurring revenue growth, while Liberty Puerto Rico experienced integration expenses impacting Q1 Adj. OIBDA. Liberty Costa Rica showed postpaid strength with double-digit growth. The company's share repurchase program was extended through December 2026, with $79 million remaining for repurchases. The company's debt and finance lease obligations stood at $8,116 million at March 31, 2024.

Liberty Latin America announced plans to release its first quarter 2024 results on May 7, 2024, with an investor call scheduled for May 8, 2024. The call will cover the Company's results and business.

Liberty Latin America launches Direct Routing service for Teams Phone, providing businesses with advanced communication and collaboration capabilities. The service integrates Teams with the Company's telephony network, offering seamless communication solutions. Key features include easy integration, flexibility, enhanced mobility, reliable connectivity, and dedicated support.

Liberty Latin America Ltd. joins the Women’s Empowerment Principles community on International Women’s Day, showcasing commitment to gender equality and women’s empowerment. The company has implemented various initiatives supporting gender equality, including a gender-based violence policy, partnership with the United Nations Foundation, and Society of Women Coders. Plans for a free helpline for survivors of gender-based violence are underway. Chief People Officer highlights new policies like paid parental leave and employee resource group ELLAS.

Liberty Latin America Ltd. reported strong financial and operating results for Q4 and FY 2023, with significant subscriber growth and Adjusted OIBDA increase. The company's commitment to infrastructure investments led to robust network capabilities, resulting in organic broadband and mobile subscriber additions. The completion of the Puerto Rico integration is expected to drive future growth. LLA also shared its medium-term outlook, anticipating a mid to high single digit Adjusted OIBDA rebased CAGR and over $1 billion in Adjusted FCF before distributions to noncontrolling interests in the next three years.