Quarterly ResultMay 7, 2026, 07:08 AM
Liberty Latin America to Distribute $500M Preferred Stock; Q1 Results
AI Summary
Liberty Latin America announced its Q1 2026 operating and financial results, reporting flat revenue and a 1% rebased decline in Adjusted OIBDA. The company plans to distribute $500 million in preferred stock with a 9% dividend rate to shareholders by the end of Q2 2026, aiming to unlock shareholder value. Additionally, GCI Liberty, Inc. acquired a 6% equity stake in Liberty Latin America for $107 million and is in discussions to acquire further interests from Dr. John C. Malone.
Key Highlights
- Intention to distribute $500 million in preferred stock with a 9% dividend rate by Q2 2026.
- Q1 2026 Revenue was $1,083 million, flat YoY and a 1% rebased decline.
- Q1 2026 Adjusted OIBDA was $405 million, flat YoY and a 1% rebased decline.
- Q1 2026 Operating income increased 13% to $145 million.
- Q1 2026 Adjusted FCF improved to $(64) million from $(133) million YoY.
- Added 50,000 postpaid net additions across all segments in Q1 2026.
- GCI Liberty acquired a 6% equity stake in Liberty Latin America for $107 million.
- Conducted stock repurchases in March 2026, with $185 million remaining authorization.