LILAB - Liberty Latin America reports Q2 results; reaffirms FY23 guidance

2023-08-08 17:42:07 ET

• Liberty Latin America press release ( NASDAQ: LILA ): Q2 Revenue of $1.1B (-9.8% Y/Y) misses by $50M .
• $445 million in Adjusted OIBDA in the second quarter.
• “Looking ahead to the second half of the year, we remain confident that we will achieve our 2023 financial guidance targets supported by continued subscriber additions and organic financial momentum, synergies from integration activities, particularly in Panama, and our focus on operating cost and capex discipline.”

• FY 2023 LLA Financial Guidance - Reconfirmed

  • Adjusted OIBDA mid-to-high single digit rebased growth
  • P&E additions as a percentage of revenue at ~16%
  • Adjusted FCF of ~$300 million, before distributions to noncontrolling interests

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