Liberty Latin America Q1 revenues up 5% to USD1.2bn

5 May 2022

Liberty Latin America (LLA) has reported revenue of USD1.219 billion for the three months ended 31 March 2022, up 5% from USD1.165 billion on an annualised basis. The group reported adjusted OIBDA of USD440 million, a 2% decrease year-on-year from USD449 million, while operating income for the quarter was USD188 million, up 4% from USD181 million in 1Q21. Net earnings attributable to shareholders, meanwhile, reached USD84 million, down from USD89 million in the year-ago period.

In operational terms, LLA reported a consolidated mobile subscription base of 7.590 million at 31 March 2022, alongside 2.873 million fixed broadband subscriptions, 1.967 million pay-TV customers and 1.614 million fixed voice lines.

CEO Balan Nair commented: ‘We have made good progress against a number of our key operational objectives in the first quarter. Of note, we delivered record mobile post-paid growth, grew our fixed subscriber base, continued to expand our high speed networks and progressed business integrations in Puerto Rico and Costa Rica … With respect to our inorganic strategy, we continue to make good progress with the integrations of AT&T’s Puerto Rico and USVI operations and Telefonica’s Costa Rica assets, each of which we expect to drive significant synergies in the coming years. In addition, we are on track to complete the transactions announced in Panama and Chile during H1 and H2, respectively.’

United States, Liberty Latin America (LLA)