Liberty Latin America posts 2Q21 revenue of USD1.2bn

5 Aug 2021

US-based Liberty Latin America (LLA) has reported revenue of USD1.168 billion for the three months ended 30 June 2021, up 38% on an annualised basis, from USD849 million in 2Q20. Adjusted OIBDA jumped 40% from USD333 million in the second quarter of 2020 to USD464 million in the period under review, while the group registered operating income of USD160 million for 2Q21, compared to an operating loss of USD206 in the year-ago period. Net earnings attributable to shareholders was USD4 million for the second quarter, compared to a deficit of USD393 million in the second quarter of 2020.

In operational terms, LLA reported a consolidated mobile user base of 4.624 million at 30 June 2021, alongside 2.822 million fixed broadband subscribers, 1.969 million pay-TV customers and 1.542 million fixed voice users.

LLA CEO Balan Nair commented: ‘Building on a strong start to the year, we continued to drive healthy subscriber additions in Q2 across both our fixed and mobile products. Fixed RGU additions of 73,000 in the quarter took our first half performance to 149,000, nearly twice the amount we added in H1 2020. In mobile, we reported a best-ever quarter for the group with 118,000 subscriber additions, compared to losses in the prior year where we experienced the initial impacts of COVID-19. These results are particularly encouraging as our markets continue to be affected to varying degrees by the pandemic and are yet to fully recover.’

United States, Liberty Latin America (LLA)