Liberty Latin America Ltd. announced its first quarter 2025 financial and operating results, reporting consolidated revenue of $1,084 million, a 1% decrease year-over-year. Adjusted OIBDA for the quarter was $407 million, representing an 8% rebased growth year-over-year, and operating income increased by 38% to $128 million. The company achieved over 40,000 organic broadband and postpaid mobile subscriber net additions in Q1.
Performance was strong in C&W Caribbean, C&W Panama, and Liberty Costa Rica, which collectively added nearly 60,000 organic broadband and postpaid mobile net subscribers. Fixed-Mobile Convergence (FMC) penetration exceeded 30% across most key markets, indicating successful strategic execution in these regions. The company also noted a strong focus on cost efficiencies and anticipated declining capital intensity, with property and equipment additions at 11% of revenue.
However, progress on mobile recovery in Puerto Rico remained slower than anticipated, leading Liberty Latin America to withdraw its mid-term (2024-2026) outlook. Despite this adjustment, the company still expects to meaningfully grow Group Adjusted OIBDA and Adjusted Free Cash Flow before partner distributions in 2025, driven by strong performance outside of Puerto Rico.
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