Liberty Latin America Reports Q2 2025 Results and Announces Intent to Separate Liberty Puerto Rico

LILA
October 04, 2025

Liberty Latin America Ltd. released its financial and operating results for the second quarter and first half ended June 30, 2025. For Q2 2025, the company reported consolidated revenue of $1,087 million, a 3% decrease year-over-year, and an operating loss of $333 million. Adjusted OIBDA for the quarter grew 7% year-over-year on a rebased basis to $415 million.

The company saw continued growth in fixed and postpaid mobile subscribers, adding approximately 45,000 net organic broadband and postpaid additions across Liberty Caribbean, C&W Panama, and Liberty Costa Rica in Q2. Liberty Puerto Rico showed signs of stabilization, delivering 21% year-over-year rebased Adjusted OIBDA growth and sequential improvement from Q1.

A significant announcement was the company's intention to separate Liberty Puerto Rico from LLA, potentially through a spin-off, to unlock shareholder value. Management stated that Liberty Puerto Rico is expected to use its own assets to raise any required incremental capital. Following this separation, the remaining Cable & Wireless and Liberty Costa Rica segments are anticipated to be positioned for continued Adjusted OIBDA growth and substantial cash flow generation on a less levered balance sheet, supporting potential capital returns.

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