Liberty Latin America Ltd. reported its financial results for the first quarter of 2026, revealing a slight decline in revenue to $1,082.8 million, down from $1,083.5 million in the same period last year. The company experienced an operating income increase to $145.2 million, compared to $128.1 million in the prior year, reflecting improved operational efficiency despite the revenue dip. The net loss attributable to Liberty Latin America shareholders was $22.7 million, a significant reduction from a loss of $136.4 million in the first quarter of 2025.
The company's performance was impacted by the aftermath of Hurricane Melissa, which struck Jamaica in late October 2025. The storm caused significant damage, leading to approximately 50,000 revenue-generating units (RGUs) remaining offline as of March 31, 2026. The hurricane's effects resulted in an estimated revenue loss of $12 million and an Adjusted OIBDA impact of approximately $13 million for the quarter. Despite these challenges, Liberty Latin America reported a consolidated Adjusted OIBDA of $405.1 million, slightly down from $406.6 million in the previous year.
In terms of operational metrics, Liberty Latin America served 6.8 million mobile subscribers and reported 3.8 million RGUs across its fixed networks, which passed nearly 4.75 million homes. The company also noted a strategic focus on enhancing its service offerings, with a notable increase in enterprise revenue from its Liberty Networks segment, which grew by 10% year-over-year. The company continues to invest in restoring services and infrastructure affected by the hurricane, with capital expenditures for the quarter totaling $99.3 million.
Liberty Latin America has also been active in managing its capital structure, with total debt and finance lease obligations amounting to $8.4 billion as of March 31, 2026. The company reported a weighted average interest rate of 7.2% on its borrowings. During the quarter, it repurchased approximately $16 million worth of its common shares as part of its ongoing share repurchase program, which has $184 million remaining for future buybacks.
Looking ahead, Liberty Latin America anticipates continued challenges related to the recovery from Hurricane Melissa and the competitive landscape in its markets. The company remains focused on restoring connectivity and enhancing customer service while navigating the impacts of foreign currency fluctuations and inflationary pressures on its operating costs.
About Liberty Latin America Ltd.
Liberty Latin America Ltd. is a telecommunications provider offering fixed, mobile, broadband, video, and enterprise services across Latin America and the Caribbean. Its core segments include C&W, Liberty Puerto Rico, Costa Rica, and Liberty Networks, delivering consumer and business connectivity solutions via extensive fiber optic and hybrid networks. The company focuses on network expansion, service bundling, and strategic acquisitions to enhance customer experience and market share.
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