olivLaw · US equity research
Liberty Latin America Ltd. LILA
Cable & Other Pay Television Services · SIC 4841 · Vertical: Cable & Other Pay Television Services (SIC 4841)
Liberty Latin America is an integrated provider of fixed, mobile and cable services in Puerto Rico, Panama, Costa Rica and the Caribbean, plus a subsea fibre network. Consolidated Adjusted OIBDA reached 1706.3 million USD in fiscal 2025, and in the second quarter of 2026 revenue grew again and postpaid additions stayed strong.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Liberty Latin America Ltd. (LILA) stock was 8.66 USD (−0.80% on the day), with beta 0.55, 52-week range 4.65–8.91 USD. Latest reported quarter (Q3 2026): revenue of 1.1 bn USD (+0.4% YoY), net income of -70.9 m USD (−2,248.5% YoY), diluted EPS -0.42 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 58.1
- strong (55–70)
- Bollinger (20, 2)
- 7.66 – 8.79
- in the upper half of the band · %B 0.88 · band width 13.8%
- SMA 50 / 200
- 8.47 / 6.72
- uptrend (price > SMA50 > SMA200)
- MACD (12, 26, 9)
- 0.03 / -0.06
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −1.7% | −1.1% | −0.6 pp | — |
| 3 months | +3.3% | −0.5% | +3.8 pp | — |
| 6 months | +56.4% | +4.4% | +52.0 pp | — |
| Year to date | +72.5% | +12.3% | +60.2 pp | — |
| 1 year | +64.7% | +13.5% | +51.2 pp | −16.0% |
| 3 years | +85.8% | +76.4% | +9.4 pp | −32.1% |
| 5 years | −4.9% | +63.7% | −68.5 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q3 2026 · 30 Sept 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.1 bn | 1.1 bn | 1.1 bn | 1.1 bn | 1.2 bn | 1.1 bn | 1.1 bn | 1.1 bn |
| Cost of revenue | 272.0 m | 232.6 m | 232.4 m | 247.6 m | 263.3 m | 235.5 m | 229.0 m | 233.6 m |
| Operating income | 99.2 m | 128.1 m | -333.0 m | 187.5 m | 125.6 m | 145.2 m | 181.2 m | 181.1 m |
| Depreciation & amortisation | 238.4 m | 228.8 m | 217.5 m | 213.6 m | 245.0 m | 217.1 m | 226.1 m | 240.1 m |
| Interest expense | 156.4 m | 158.3 m | 165.4 m | 164.3 m | 168.4 m | 164.2 m | 167.9 m | 175.2 m |
| Pre-tax income | -16.9 m | -117.6 m | -570.8 m | 11.8 m | 23.8 m | 10.5 m | 24.0 m | -31.9 m |
| Income tax | 176.3 m | 9.1 m | -155.7 m | -4.1 m | 52.2 m | 26.7 m | 34.6 m | 23.9 m |
| Net income | -210.4 m | -136.4 m | -423.3 m | 3.3 m | -54.8 m | -22.7 m | -24.0 m | -70.9 m |
| Diluted EPS | -1.07 ≈ | -0.69 | -2.12 | 0.02 | -0.27 ≈ | -0.11 | -0.13 | -0.42 |
| Operating cash flow | 398.6 m | 24.6 m | 141.2 m ≈ | 178.2 m ≈ | 461.9 m | 42.2 m | 216.8 m ≈ | 185.0 m ≈ |
| Capex | 163.7 m | 96.7 m | 139.3 m ≈ | 122.2 m ≈ | 141.8 m | 99.3 m | 120.8 m ≈ | 140.8 m ≈ |
| Share repurchases | 0 | 0 | 0 ≈ | 0 ≈ | 0 | 14.3 m | 12.1 m ≈ | 90.9 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.7 bn | 3.9 bn | 3.8 bn | 4.8 bn | 4.8 bn | 4.5 bn | 4.4 bn | 4.4 bn |
| Revenue YoY | +3.2% | +4.4% | −2.2% | +27.2% | −0.1% | −6.2% | −1.4% | −0.1% |
| Net income | -345.2 m | -106.1 m | -687.3 m | -440.6 m | -170.7 m | -73.6 m | -689.4 m | -611.2 m |
| Net income YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| Diluted EPS | unavailable | -0.58 | -3.51 | -1.89 | -0.77 | -0.35 | -3.47 | -3.06 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| net % | -9.3% | -2.7% | -18.2% | -9.2% | -3.5% | -1.6% | -15.5% | -13.8% |
| Free cash flow | 45.4 m | 196.7 m | 9.0 m | 160.3 m | 52.5 m | 312.0 m | 215.9 m | 305.9 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 783.9 m USD
- Financial debt
- 8.7 bn USD
- Net debt
- 7.9 bn USD
- Equity
- 1.1 bn USD
- Total assets
- 12.2 bn USD
- Debt / equity
- 8.16x
- Current ratio
- 1.14x
- ROE
- -46.0%
- ROA
- -4.9%
- FCF margin
- 6.9%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 3.8 bn | 4.8 bn | 4.8 bn | 4.5 bn | 4.4 bn | 4.4 bn | SEC (XBRL)· 18 Feb 2026verified |
| Cost of revenue | 860.4 m | 1.2 bn | 1.2 bn | 1.0 bn | 989.4 m | 975.9 m | SEC (XBRL)· 18 Feb 2026verified |
| Gross profit | 2.9 bn ≈ | 3.6 bn ≈ | 3.6 bn ≈ | 3.5 bn ≈ | 3.5 bn ≈ | 3.5 bn ≈ | SEC (XBRL)· 18 Feb 2026derived |
| Operating income | 86.7 m | 63.8 m | 86.5 m | 517.7 m | -76.8 m | 108.2 m | SEC (XBRL)· 18 Feb 2026verified |
| Depreciation & amortisation | 918.7 m | 964.7 m | 910.7 m | 1.0 bn | 968.3 m | 904.9 m | SEC (XBRL)· 18 Feb 2026verified |
| EBITDA | 1.0 bn ≈ | 1.0 bn ≈ | 997.2 m ≈ | 1.5 bn ≈ | 891.5 m ≈ | 1.0 bn ≈ | SEC (XBRL)· 18 Feb 2026derived |
| Interest expense | 533.4 m | 527.4 m | 556.7 m | 601.7 m | 627.7 m | 656.4 m | SEC (XBRL)· 18 Feb 2026verified |
| Pre-tax income | -838.2 m | -318.0 m | -123.0 m | -62.4 m | -659.9 m | -652.8 m | SEC (XBRL)· 18 Feb 2026verified |
| Income tax | -29.2 m | 172.6 m | 84.8 m | 24.4 m | -200.0 k | -98.5 m | SEC (XBRL)· 18 Feb 2026verified |
| Net income | -687.3 m | -440.6 m | -170.7 m | -73.6 m | -689.4 m | -611.2 m | SEC (XBRL)· 18 Feb 2026verified |
| Diluted EPS | -3.51 | -1.89 | -0.77 | -0.35 | -3.47 | -3.06 | SEC (XBRL)· 18 Feb 2026verified |
| Weighted average diluted shares | 195.5 m | 232.6 m | 222.6 m | 210.0 m | 198.4 m | 199.5 m | SEC (XBRL)· 18 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Revenue − Cost of revenue; Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 894.2 m | 956.7 m | 781.0 m | 988.6 m | 654.3 m | 783.9 m | SEC (XBRL)· 18 Feb 2026verified |
| Receivables | 558.6 m | 526.6 m | 603.3 m | 686.1 m | 685.9 m | 653.6 m | SEC (XBRL)· 18 Feb 2026verified |
| Current assets | 1.9 bn | 2.1 bn | 2.1 bn | 2.4 bn | 2.1 bn | 2.2 bn | SEC (XBRL)· 18 Feb 2026verified |
| Property, plant & equipment, net | 4.8 bn | 4.2 bn | 4.3 bn | 4.2 bn | 4.1 bn | 3.8 bn | SEC (XBRL)· 18 Feb 2026verified |
| Goodwill | 4.9 bn | 3.9 bn | 3.4 bn | 3.5 bn | 3.0 bn | 3.0 bn | SEC (XBRL)· 18 Feb 2026verified |
| Intangibles (excl. goodwill) | 858.9 m | 788.6 m | 688.1 m | 541.6 m | 414.3 m | 361.0 m | SEC (XBRL)· 18 Feb 2026verified |
| Total assets | 15.1 bn | 15.4 bn | 13.6 bn | 13.6 bn | 12.8 bn | 12.2 bn | SEC (XBRL)· 18 Feb 2026verified |
| Accounts payable | 425.3 m | 398.0 m | 525.1 m | 424.4 m | 441.9 m | 384.6 m | SEC (XBRL)· 18 Feb 2026verified |
| Short-term debt | 160.0 m | 106.3 m | 226.9 m | 581.9 m | 465.7 m | 408.8 m | SEC (XBRL)· 18 Feb 2026verified |
| Long-term debt | 8.2 bn | 7.6 bn | 7.9 bn | 8.2 bn | 8.1 bn | 8.3 bn | SEC (XBRL)· 18 Feb 2026verified |
| Current liabilities | 1.7 bn | 1.5 bn | 1.8 bn | 2.1 bn | 2.1 bn | 2.0 bn | SEC (XBRL)· 18 Feb 2026verified |
| Total liabilities | 11.7 bn | 12.5 bn | 11.0 bn | 11.3 bn | 11.2 bn | 11.2 bn | SEC (XBRL)· 18 Feb 2026verified |
| Equity | 3.3 bn | 2.9 bn | 2.6 bn | 2.3 bn | 1.6 bn | 1.1 bn | SEC (XBRL)· 18 Feb 2026verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 640.1 m | 1.0 bn | 868.8 m | 897.0 m | 756.3 m | 805.9 m | SEC (XBRL)· 18 Feb 2026verified |
| Capex | 631.1 m | 855.9 m | 816.3 m | 585.0 m | 540.4 m | 500.0 m | SEC (XBRL)· 18 Feb 2026verified |
| Free cash flow | 9.0 m ≈ | 160.3 m ≈ | 52.5 m ≈ | 312.0 m ≈ | 215.9 m ≈ | 305.9 m ≈ | SEC (XBRL)· 18 Feb 2026derived |
| Investing cash flow | -2.5 bn | -1.3 bn | -1.1 bn | -615.8 m | -688.5 m | -592.3 m | SEC (XBRL)· 18 Feb 2026verified |
| Financing cash flow | 271.1 m | 426.6 m | -29.2 m | -62.4 m | -386.4 m | -43.6 m | SEC (XBRL)· 18 Feb 2026verified |
| Share repurchases | 9.5 m | 63.0 m | 170.4 m | 118.3 m | 82.9 m | 0 | SEC (XBRL)· 18 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- score weight coverage: 45.8% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: unavailable
Key indicators
Coverage and freshness
Score by group
46% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · input data missing
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 45.8% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 5.8% | 56 (vs peers) | 23% |
| Net margin · Quality | -3.9% | 42 (vs peers) | 14% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | -2.6% | 0 (on a fixed band) | 18% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | 5.3x | 50 (vs peers) | 23% |
| Interest coverage · Balance sheet | 0.9x | 0 (on a fixed band) | 14% |
| Current ratio · Balance sheet | 1.1x | 27 (on a fixed band) | 9% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet30/100 · 3/3 factors with a value
- Growth· partial0/100 · 1/2 factors with a value
- Quality50/100 · 2/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partialunavailable · 0/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Liberty Latin America Ltd. (LILA). Latest full fiscal year: 2025; data up to 2026-09-30.
Figures computed from the financial statements: revenue 4.4 bn USD in 2025; YoY growth -0.1%; net margin -3.9%; ROE -32.1%; net debt/EBITDA 5.3x.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (score weight coverage: 45.8% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.
What contradicts it
- Revenue CAGR 3Y: -2.6%
- Interest coverage: 0.9x
- Current ratio: 1.1x
Not assessed (insufficient data or a ratio without meaning): FCF conversion, EPS CAGR 3Y, P/E (TTM), EV/EBITDA, FCF yield, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Cable & Other Pay Television Services (SIC 4841) · same industry (4-digit SIC) · compared with 12 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| WBDWarner Bros. Discovery, Inc. | 77.7 bn | — | -9.2% | -8.8% | −5.1% | unavailable / unavailable |
| CHTRCharter Communications, Inc. | 32.6 bn | 3.1 | 29.7% | 9.1% | −0.6% | −40% / −70% |
| ROKURoku, Inc. | 24.1 bn | 48.2 | 18.2% | 9.3% | +15.2% | +68% / +56% |
| ADEAAdeia Inc. | 1.9 bn | 16.6 | 25.9% | 25.0% | +17.9% | +37% / +84% |
| OPTUOptimum Communications, Inc. | 188.1 m | — | — | -58.1% | −4.1% | −64% / −70% |
| PAAIThe Arena Group Holdings, Inc. | 43.8 m | 4.8 | — | 9.3% | +698.2% | −78% / −60% |
| CABOCable One, Inc. | 29.8 m | — | -126.2% | -72.8% | −4.9% | −96% / −99% |
| AMCXAMC Global Media Inc. | — | — | -2.1% | -0.9% | −4.5% | −5% / −44% |
| LILALiberty Latin America Ltd. | — | — | -32.1% | -3.9% | −0.1% | +65% / +86% |
| LBTYALiberty Global Ltd. | — | — | -22.3% | -44.4% | +12.4% | −16% / +16% |
| GLIBALiberty Capital Corp | — | — | -21.0% | -32.5% | +3.0% | −31% / unavailable |
| RCIRogers Communications Inc. | — | — | 49.0% | 31.8% | +5.4% | −12% / −20% |
| CCZComcast Corporation | — | 20.1 | 11.9% | 9.2% | −0.0% | +1% / +17% |
1- and 3-year price returns: for LILA from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Scenarios are not available. input data missing
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 05 Aug 2026; since then the company filed 8-K (04 Nov 2026 · results), 10-Q (04 Nov 2026).
In brief
Liberty Latin America is an integrated provider of fixed, mobile and cable services in Puerto Rico, Panama, Costa Rica and the Caribbean, plus a subsea fibre network. Consolidated Adjusted OIBDA reached 1706.3 million USD in fiscal 2025 1, and in the second quarter of 2026 revenue grew again and postpaid additions stayed strong 3.
SWOT
Strengths
- The company holds leading positions in several markets for mobile and broadband share and operates an extensive subsea and terrestrial fibre network 1.
- Adjusted OIBDA margin improved in several segments, and the converged fixed-mobile model has room to lift ARPU 3.
- Geographic diversification across many countries reduces reliance on one market, and Liberty Networks adds wholesale and enterprise revenue 1.
Weaknesses
- Jamaican operations were hit by Hurricane Melissa, reducing fixed connections and revenue in the fourth quarter 2025 1.
- Residential fixed services saw revenue declines in some markets, especially Costa Rica and Puerto Rico, where pricing weakened 3.
- The company has reported internal control material weaknesses and a substantial debt load, which can affect investor confidence and financial flexibility 1.
Opportunities
- Growth in postpaid subscribers and converged fixed-mobile bundles could support medium-term revenue if recent quarterly trends continue 3.
- The long-term IT agreement could lower costs and improve capital efficiency if executed as planned 3.
- Network projects for carriers and governments across the region, including in Venezuela, could add revenue within Liberty Networks 3.
Threats
- Competition from OTT providers, satellite operators and rival networks offering free services could keep pressure on prices and bundles 1.
- Currency fluctuations and inflation in operating countries can affect reported results and costs in foreign currency 1.
- Hurricanes and other natural disasters in the region can interrupt networks and create unplanned repair and reconnection costs 1.
Risks
- Impact of Hurricane Melissahigh
Loss of fixed connections in Jamaica could continue if restoration takes longer than estimated, and the revenue recovery is uncertain 13.
- Competitive pressurehigh
Overlapping networks and new entrants not requiring commercial returns could reduce acquisition rates and ARPU 1.
- Debt and deferred payment obligationsmedium
Instalment acquisition payments and consolidated debt limit financial flexibility, and refinancing capacity depends on cash flow 1.
- Content access and programming costsmedium
Dependence on programming providers and retransmission terms that can change at renewal may affect the appeal of video bundles 1.
- Currency and macroeconomic riskmedium
Exchange rate swings and financial instability in operating countries can influence reported revenue and costs 1.
Investment thesis
What would need to be true (bull case)
- Postpaid and broadband additions in the second quarter of 2026 point to a recovery trend, and Adjusted OIBDA grew overall 3.
- The long-term IT agreement could reduce costs and improve margins, and the preferred stock distribution signals confidence in future cash generation 3.
- A leading position in several markets and an extensive fibre network provide a structural advantage that is hard to replicate 1.
What would break the thesis
- Revenue in Jamaica and in fixed segments in some countries has declined, and the recovery depends on reconnection pace, which remains uncertain 13.
- Competition from OTT providers, satellite operators and rival networks could keep exerting pressure on prices 1.
- Heavy network investment and deferred acquisition payments could limit cash available to shareholders if results do not improve 1.
What to watch
- Revenue and Adjusted OIBDA trends in Jamaica after connections are restoredQ3 2026
- Pace of postpaid mobile and broadband additions in Puerto Rico and Costa RicaQ3 2026
- Financial effects of the ten-year IT agreement and realised cost savings2027
- Settlement of deferred acquisition payments and debt levels, including the second Liberty Costa Rica instalmentnext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 05 Aug 2026; since then the company filed 8-K (04 Nov 2026 · results), 10-Q (04 Nov 2026).
The business
The company provides broadband connectivity, video, fixed and mobile telephony, enterprise connectivity, data centre, hosting and IT services to residential and business customers across more than 20 countries in Latin America and the Caribbean. Its segments are organised by region, plus Liberty Networks, which sells wholesale services over a fibre network connecting over 30 markets 1.
The company provides broadband connectivity, video, fixed and mobile telephony, enterprise connectivity, data centre, hosting and IT services to residential and business customers across more than 20 countries in Latin America and the Caribbean. Its segments are organised by region, plus Liberty Networks, which sells wholesale services over a fibre network connecting over 30 markets 1.
The company expanded its network through build and upgrade projects, reaching 4692600 homes passed, and completed acquisitions including a 256 million USD consideration for EchoStar prepaid and spectrum assets in Puerto Rico and USVI, payable in annual instalments 1. At year-end 2025 it had 3836600 fixed RGUs and 6794000 mobile subscribers 1.
Hurricane Melissa in October 2025 hit Jamaica particularly hard, with a negative revenue impact of about 20 million USD in the fourth quarter 2025 and removal of 136000 RGUs from the count 1. Management indicated that revenue recovery depends on the pace of reconnections, and declines could continue into 2026 1.
Segments
Liberty Caribbean
Liberty Caribbean covers Jamaica, The Bahamas, Trinidad and Tobago, Barbados and other markets. It generated revenue of 1455.0 million USD in fiscal 2025 1. In the second quarter of 2026 revenue declined slightly while Hurricane Melissa effects persisted, though postpaid mobile grew 3.
Market context
The markets are highly competitive, with mobile operators, satellite television providers, FTTH networks and OTT services all competing for customers. Competition has put pressure on prices and churn, and government entry into network markets could change the landscape 1. Demand for converged fixed-mobile services and broadband remains central to the strategy 3.
The content market depends on agreements with programming providers, and retransmission costs can change at renewal, while OTT growth shifts consumer viewing habits 1. The company also noted increasing carrier and enterprise interest in Venezuela 3.
Trends
- Recovery from Hurricane Melissamixed
Reconnection of Jamaican customers has continued and the revenue impact narrowed in the second quarter of 2026, though it still weighs on annual growth 3. If reconnections progress, revenue could gradually recover, but the pace is uncertain 1.
- Growth in postpaid mobiletailwind
Postpaid additions were strong across the first two quarters of 2026, supported by converged fixed-mobile offers and SIM-only products 3. This could support revenue if the trend holds.
- Network investment and capital costsheadwind
Property and equipment additions rose in the first half of 2026 3. Investment does not guarantee a positive return, and the company warned that extensions could cost more than planned 1.
- Cost optimisation and the IT agreementtailwind
A ten-year IT services agreement signed in 2026 aims to reduce costs and expand the Adjusted OIBDA margin, with expected benefit above 250 million USD in net present value 3. The effect depends on execution.
Competitive position
The company faces competition from other telecom operators, mobile providers, direct-to-consumer satellite services and OTT providers offering voice and data without charge 1. Licences are not exclusive, and overbuilds are common 1.
In Puerto Rico and Costa Rica, competitive pressure from fixed networks and mobile operators has weighed on fixed pricing and revenue, while competition for postpaid subscribers in Panama is intense 3. Competition raises churn and lowers customer acquisition rates 1.
- Regional mobile and fixed-line operators
Local mobile and broadband providers competing directly in Caribbean and Latin American markets, as named in the company's filings.
- Direct-to-consumer satellite providers
Operators with direct access to consumers offering television and internet without their own terrestrial infrastructure, identified as a competitive pressure.
- OTT content and communication providers
Streaming and messaging platforms that can substitute traditional voice and television services over existing broadband networks.
- FTTH network operators
Fibre networks built by rival operators or government entities that can overlap the company's networks.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- Media Tycoon John Malone Buys 37,082 More Liberty Latin America Preference Shares. What Does This Tell Investors?Yahoo Finance — News · 19 Sept 2026 · EN
The latest news item in our archive is from 19 Sept 2026; the newest SEC filing is from 04 Nov 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Quarterly report04 Nov 2026
- Current report04 Nov 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Current report28 Oct 2026Regulation FD disclosure · Financial statements and exhibits
- Current report15 Sept 2026Regulation FD disclosure · Financial statements and exhibits
- Current report21 Aug 2026Regulation FD disclosure · Financial statements and exhibits
- Current report20 Aug 2026Regulation FD disclosure · Financial statements and exhibits
- Current report20 Aug 2026Regulation FD disclosure · Financial statements and exhibits
- Quarterly report05 Aug 2026
- Current report05 Aug 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Current report27 Jul 2026Regulation FD disclosure · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Liberty Latin America Ltd. · 18 Feb 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Liberty Latin America Ltd. · 05 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Liberty Latin America Ltd. · 05 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.