Liberty Latin America (LILA) Q3 2026 earnings summary

Executive summary

• Q3 revenue was $1.117B versus $1.113B; Adjusted OIBDA was $454.0M versus $433.4M, while net loss was $55.8M versus earnings of $15.9M.

• 9M revenue rose to $3.303B from $3.283B and Adjusted OIBDA to $1.295B from $1.255B; net loss narrowed to $82.6M from $525.9M, largely reflecting the prior-year spectrum impairment.

• Added 56,000 postpaid mobile and broadband subscribers in Q3, including 43,200 postpaid net adds and 12,400 internet adds; rebased Adjusted OIBDA grew 3% with 160 bps of margin expansion.

Financial highlights

• Q3 operating income was $181.1M versus $187.5M; 9M operating income was $507.5M versus a $17.4M loss in 2025, which included a $494M spectrum impairment.

• Q3 net loss attributable to shareholders was $70.9M, or $0.42 per share, versus earnings of $3.3M, or $0.02 per share; 9M attributable loss was $117.6M, or $0.66 per share.

• Q3 Adjusted FCF before distributions to noncontrolling owners was $(9)M versus $16M; 9M was $10M versus $(128)M, nearly $140M higher year over year.

• 9M operating cash flow was $444.0M versus $344.0M; investing cash use was $393.0M, financing cash use was $247.1M, and cash declined $203.0M to $597.0M including restricted cash.

Outlook and guidance

• Q4 revenue and Adjusted OIBDA momentum is expected to improve, supported by holiday selling and B2B revenue phasing; most cash flow is expected in Q4, consistent with seasonality.

• Hurricane Melissa is expected to weigh on Liberty Caribbean revenue for the remainder of 2026 versus the 2025 pre-hurricane period; restoration timing and revenue recovery remain uncertain.

• The Amdocs IT-services agreement, effective October 2026 and lasting up to 10 years, is expected to generally lower employee-related costs in Q4 2026 and throughout 2027.

• Resources are expected to cover foreseeable liquidity needs over the next 12 months, apart from Liberty Puerto Rico borrowing-group uncertainty; future maturities are expected to require refinancing or extension.