I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2026 Q2, the actual value is USD 1.103 B.
EBIT: As of FY2026 Q2, the actual value is USD 181.2 M.
Overall Financial Performance
Liberty Latin America Ltd. reported total revenue of $1,103 million in Q2 2026, a 1% increase year-over-year (YoY), with year-to-date (YTD) revenue reaching $2,185 million, also up 1% YoY . The company’s operating income for Q2 2026 was $181 million, a significant improvement from an operating loss of -$333 million in Q2 2025, representing a 154% YoY increase . YTD operating income was $326 million, up 259% from a -$205 million loss in YTD 2025 . Adjusted OIBDA increased by 5% to $436 million in Q2 2026 and by 2% to $841 million YTD 2026, with rebased growth rates of 3% and 1% respectively . The Adjusted OIBDA margin for Q2 2026 was 39.5%, up from 38.2% in Q2 2025 .
Cash Flow
Cash provided by operating activities was $217 million in Q2 2026, up from $141 million in Q2 2025 . For the six months ended June 30, 2026, operating cash flow was $259 million, compared to $166 million in the prior-year period . Adjusted Free Cash Flow (FCF) before distributions to noncontrolling interest owners was $83 million in Q2 2026, a substantial increase from - $41 million in Q2 2025 . Including distributions, Adjusted FCF was $58 million in Q2 2026, improving from - $41 million in Q2 2025 . YTD Adjusted FCF was - $6 million, an improvement from - $174 million in YTD 2025 . Cash used by investing activities was - $128 million in Q2 2026 and - $236 million YTD 2026 . Cash used by financing activities was - $35 million in Q2 2026 and - $74 million YTD 2026 .
Capital Expenditures
Property & equipment additions increased by 19% to $179 million in Q2 2026 and by 7% to $289 million YTD 2026 . As a percentage of revenue, property & equipment additions were 16% in Q2 2026 and 13% YTD 2026 . Capital expenditures, net, were $120.8 million in Q2 2026, down from $139.3 million in Q2 2025 .
Segment-Specific Performance (Q2 2026 vs. Q2 2025)
- Liberty Caribbean: Revenue decreased by 1% (2% rebased), impacted by Hurricane Melissa, and Adjusted OIBDA fell by 5% (6% rebased) . Residential mobile subscription revenue grew 8%, driven by FMC and postpaid subscriber additions .
- C&W Panama: Revenue was flat, and Adjusted OIBDA decreased by 5% due to higher professional services and commercial costs . The segment saw the highest subscriber additions across broadband and postpaid within the Liberty Latin America Ltd. group .
- Liberty Networks: Revenue increased by 14% (10% rebased), driven by the El Salvador project and lease capacity sales, and Adjusted OIBDA increased by 10% (9% rebased) .
- Liberty Puerto Rico: Revenue was down 5%, primarily due to mobile pressure from a lower prepaid subscriber base and reduced roaming revenue . Adjusted OIBDA increased by 7%, benefiting from favorable comparisons in inventory charges, programming costs, and bad debt expenses .
- Liberty Costa Rica: Revenue increased by 11% (flat rebased), and Adjusted OIBDA rose by 18% (7% rebased), attributed to cost-saving initiatives . Residential mobile revenue grew 6% on a rebased basis .
Debt and Leverage
As of June 30, 2026, total debt and finance lease obligations amounted to $8,534.4 million, with cash, cash equivalents, and restricted cash totaling $746.9 million . The consolidated gross leverage ratio was 5.1x, and the consolidated net leverage ratio was 4.6x . The weighted average debt tenor was 4.0 years, and fully-swapped borrowing costs were 6.9% . Unused borrowing capacity was $864.3 million .
Operational Metrics (Q2 2026)
Liberty Latin America Ltd. gained 45,000 postpaid and broadband net additions in Q2 2026 . Total organic RGU additions were 35,000, and organic internet additions were 12,100 . Organic postpaid additions reached 33,100 . The company reported 1,839,200 total customers and 6,759,800 mobile subscribers . New build and homes upgraded totaled 52,700 in Q2 2026 .
Outlook / Guidance
Liberty Latin America Ltd. anticipates accelerating cost initiatives through a 10-year strategic agreement with Amdocs, projected to deliver over $250 million in Net Present Value, expand Adjusted OIBDA margin, and improve capital efficiency . This partnership aims to drive significant technology cost savings and strengthen financial performance, with the transition expected over the coming months . The company also demonstrated confidence in future cash flow and equity value through $500 million in preferred stock distribution, quarterly dividends, and over $60 million in share repurchases year-to-date .