Loading…
Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services in Puerto Rico, Panama, Costa Rica, Jamaica, Latin America and the Caribbean, the Bahamas, Trinidad and Tobago, Barbados, Curacao, Chile, and internationally. The company operates through C&W Caribbean, C&W Panama, Liberty Networks, Liberty Puerto Rico, and Liberty Costa Rico segments. It offers communications and entertainment services, including video, broadband internet, fixed-line, telephony, and mobiles services to residential and business customers; and business products and services comprising enterprise-grade connectivity, data center, hosting, and managed solutions, as well as information technology solutions for small and medium enterprises, international companies, and governmental agencies. The company also operates a subsea and terrestrial fiber optic cable network that connects approximately 30 markets in the region for providing connectivity solutions; and offers voice and data services, such as value-added, data-based, and fixed-mobile converged services. It provides its services under the brands of C&W Business, LIBERTY NETWORKS, Liberty, BTC, Flow, and +movil. The company was incorporated in 2017 and is based in Hamilton, Bermuda.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $4.4B | $909M | $-611M | $306M | -57.5% | -0.1% | - |
| 2024 | $4.4B | $936M | $-689M | $216M | -43.3% | -1.4% | - |
| 2023 | $4.5B | $1.5B | $-74M | $312M | -3.2% | -6.2% | - |
| 2022 | $4.8B | $1.3B | $-171M | $209M | -6.7% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 4,808.60 | 4,511.10 | 4,446.80 | 4,442.20 |
| Cost Of Revenue | 1,732.70 | 1,507 | 1,493.80 | 1,444.50 |
| Gross Profit | 3,075.90 | 3,004.10 | 2,953 | 2,997.70 |
| Operating Expense | 2,370.20 | 2,399.50 | 2,452.90 | 2,278.20 |
| Operating Income | 705.70 | 604.60 | 500.10 | 719.50 |
| EBITDA | 1,344.40 | 1,547.60 | 936.10 | 908.50 |
| EBIT | 433.70 | 539.30 | -32.20 | 3.60 |
| Pretax Income | -123 | -62.40 | -659.90 | -652.80 |
| Tax Provision | 84.80 | 24.40 | -0.20 | -98.50 |
| Net Income | -170.70 | -73.60 | -689.40 | -611.20 |
| Net Income Common Stockholders | -170.70 | -73.60 | -689.40 | -611.20 |
| Total Expenses | 4,102.90 | 3,906.50 | 3,946.70 | 3,722.70 |
| Interest Expense | 556.70 | 601.70 | 627.70 | 656.40 |
| Selling General And Administration | 917.20 | 827.40 | 852.80 | 813.20 |
| Normalized EBITDA | 1,588 | 1,602.30 | 1,454.70 | 1,596.90 |
| Normalized Income | -24.54 | -40.78 | -170.96 | -26.75 |
| Basic EPS | -0.77 | -0.35 | -3.47 | -3.06 |
| Diluted EPS | -0.77 | -0.35 | -3.47 | -3.06 |
| Tax Effect Of Unusual Items | -97.44 | -21.88 | -0.16 | -103.95 |
| Tax Rate For Calcs | 0.40 | 0.40 | 0 | 0.15 |
| Total Unusual Items | -243.60 | -54.70 | -518.60 | -688.40 |
| Total Unusual Items Excluding Goodwill | -243.60 | -54.70 | -518.60 | -688.40 |
| Net Income From Continuing Operation Net Minority Interest | -170.70 | -73.60 | -689.40 | -611.20 |
| Reconciled Depreciation | 910.70 | 1,008.30 | 968.30 | 904.90 |
| Reconciled Cost Of Revenue | 1,732.70 | 1,507 | 1,493.80 | 1,444.50 |
| Net Interest Income | -556.70 | -601.70 | -627.70 | -656.40 |
| Net Income From Continuing And Discontinued Operation | -170.70 | -73.60 | -689.40 | -611.20 |
| Total Operating Income As Reported | 86.50 | 517.70 | -76.80 | 108.20 |
| Diluted Average Shares | 222.60 | 210 | 198.40 | 199.50 |
| Basic Average Shares | 222.60 | 210 | 198.40 | 199.50 |
| Diluted NI Availto Com Stockholders | -170.70 | -73.60 | -689.40 | -611.20 |
| Minority Interests | 37.10 | 13.20 | -29.70 | -56.90 |
| Net Income Including Noncontrolling Interests | -207.80 | -86.80 | -659.70 | -554.30 |
| Net Income Continuous Operations | -207.80 | -86.80 | -659.70 | -554.30 |
| Other Income Expense | -272 | -65.30 | -532.30 | -715.90 |
| Other Non Operating Income Expenses | -28.40 | -10.60 | -13.70 | -27.50 |
| Special Income Charges | -408.70 | -90.80 | -582.40 | -625.70 |
| Gain On Sale Of Business | 169.40 | 0 | 0 | 0 |
| Other Special Charges | -41.10 | 3.90 | 5.50 | 14.40 |
| Write Off | 619.20 | 86.90 | 0 | 0 |
| Impairment Of Capital Assets | 555.30 | 67 | 538.40 | 558.90 |
| Restructuring And Mergern Acquisition | 34.30 | 33.60 | 38.50 | 52.40 |
| Gain On Sale Of Security | 165.10 | 36.10 | 63.80 | -62.70 |
| Net Non Operating Interest Income Expense | -556.70 | -601.70 | -627.70 | -656.40 |
| Interest Expense Non Operating | 556.70 | 601.70 | 627.70 | 656.40 |
| Other Operating Expenses | 542.30 | 563.80 | 631.80 | 560.10 |
| Depreciation Amortization Depletion Income Statement | 910.70 | 1,008.30 | 968.30 | 904.90 |
| Depreciation And Amortization In Income Statement | 910.70 | 1,008.30 | 968.30 | 904.90 |
| Selling And Marketing Expense | 226 | 181.10 | 189.60 | 179.60 |
| General And Administrative Expense | 691.20 | 646.30 | 663.20 | 0 |
| Other Gand A | 0 | 0 | 0 | 0 |
| Salaries And Wages | 691.20 | 646.30 | 663.20 | 633.60 |
| Operating Revenue | 4,754.90 | 4,470.60 | 4,413.20 | 4,415.30 |
Communication Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Liberty Latin America Ltd.this co. | LILAK | $1.6B | - | 2.92 | -57.5% | 9.02 |
| Ziff Davis, Inc. | ZD | $1.9B | 37.19 | 1.00 | 2.7% | 6.02 |
| Magnite, Inc. | MGNI | $1.9B | 13.60 | 2.00 | 15.7% | 14.07 |
| Yelp Inc. | YELP | $1.8B | 11.02 | 2.26 | 20.5% | 5.77 |
| Stagwell Inc. | STGW | $1.7B | 83.63 |
| 2.23 |
| 3.6% |
| 10.02 |
| WEBTOON Entertainment Inc. | WBTN | $1.7B | - | 1.37 | -28.2% | -37.50 |
| Liberty Latin America Ltd. | LILA | $1.6B | - | 2.85 | -57.5% | 8.98 |
| Rumble Inc. | RUM | $1.4B | - | 8.22 | -29.8% | -20.63 |
| Upwork Inc. | UPWK | $1.4B | 11.37 | 2.08 | 18.3% | 8.92 |
| Peer Median | - | 13.60 | 2.15 | 3.2% | 7.47 | |