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SEC filingLiberty Latin America reported Q1 2026 results with flat revenue, improved operating income, positive postpaid net adds, and announced intent to distribute $500 million preferred stock to shareholders.
Liberty Latin America delivered a solid Q1 2026, posting flat reported revenue of $1,083 million despite a full quarter of Hurricane Melissa impacts, particularly in Liberty Caribbean where revenue fell 3% with an estimated $12 million underlying headwind partly offset by $6 million in post-hurricane services. Strong 10% revenue growth at Liberty Networks from subsea capacity demand was counterbalanced by modest declines elsewhere, including 1% drops in C&W Panama and Liberty Puerto Rico. Adjusted OIBDA held steady at $405 million, with Puerto Rico's 12% increase from normalized bad debt and cost reductions offsetting hurricane-related $8 million net drag and B2B project timing issues. CEO Balan Nair highlighted 50,000 postpaid net adds across all segments, including Puerto Rico's second positive quarter, and accelerating Jamaica fixed reconnections ahead of expectations within capex plans. Cash flow strengthened notably, with operating cash flow up to $42 million from $25 million YoY and Adjusted FCF improving to $(64) million from $(133) million, alongside 8% lower property & equipment additions at 10% of revenue. Demonstrating confidence, the company announced plans for a Q2 distribution of $500 million preferred stock at 9% dividend to regear common equity while retaining cash for buybacks ($185 million authorized, with March repurchases executed) and growth. Exhibit 99.2 discloses GCI Liberty's $107 million purchase of ~6% LLA equity, signaling external validation amid strategic initiatives like Liberty-Starlink direct-to-cell launch in Costa Rica. Management anticipates easing YoY headwinds, revenue growth, and cost savings through 2026.