Overview

• Liberty Latin America reports Q2 operating loss of $333 mln, missing analysts' expectations

• Adjusted OIBDA grows 7% YoY in Q2, driven by cost efficiencies

• Company plans to separate Liberty Puerto Rico to unlock shareholder value

Outlook

• Company plans separation of Liberty Puerto Rico to unlock shareholder value

• Liberty Puerto Rico expected to raise capital using its own assets

• Company anticipates B2B revenue to drive better momentum in H2

• Liberty Latin America highlights cost efficiencies as growth driver

Result Drivers

• SUBSCRIBER GROWTH - Co added 45,000 net organic broadband and postpaid mobile subscribers in Q2, contributing to H1 additions of over 100,000

• COST EFFICIENCIES - Cost reduction activities across LLA supported 7% YoY rebased Adjusted OIBDA growth in Q2

• B2B REVENUE IMPACT - YoY rebased revenue growth affected by higher project-related B2B revenue in prior-year period

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the wireless telecommunications services peer group is "buy."

• Wall Street's median 12-month price target for Liberty Latin America Ltd is $6.55, about 9.5% below its August 6 closing price of $7.17

Press Release: ID:nBwc0rmFta

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)