Company: LILA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001712184-25-000179
Chunk: 6

Company: Liberty Latin America Ltd.
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 2
Chunk 6
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 on our operating results, as Liberty Costa Rica and certain entities within C&W have functional currencies other than the U.S. dollar. The impacts to the various components of our results of operations that are attributable to changes in FX are highlighted below. For information concerning our foreign currency risks and applicable foreign currency exchange rates, see Item 3. Quantitative and Qualitative Disclosures About Market Risk—Foreign Currency Rates below.

The amounts presented and discussed below represent 100% of the revenue and expenses of each segment and our corporate operations. As we have the ability to control certain subsidiaries that are not wholly-owned, we include 100% of the revenue and expenses of these entities in our condensed consolidated statements of operations despite the fact that third parties own significant interests in these entities. The noncontrolling owners’ interests in the operating results of (i) certain subsidiaries of C&W and Liberty Puerto Rico and (ii) Liberty Costa Rica are reflected in net earnings or loss attributable to noncontrolling interests in our condensed consolidated statements of operations.

We are subject to inflationary pressures with respect to certain costs and foreign currency exchange risk with respect to costs and expenses that are denominated in currencies other than the respective functional currencies of our reportable segments. Any cost increases that we are not able to pass on to our subscribers would result in increased pressure on our operating margins.

Operating Income or Loss

The following tables set forth the organic and non-organic changes in the components of operating income or loss during the three and nine months ended September 30, 2025, as compared to the corresponding periods in 2024.

42

 Three months ended September 30,Increase (decrease)Increase (decrease) from: 20252024FXAn acquisitionOrganic in millionsRevenue $1,112.5 $1,089.2 $23.3 $3.7 $6.2 $13.4 Operating costs and expenses (exclusive of depreciation and amortization, shown separately below):Programming and other direct costs of services247.6 231.9 15.7 0.7 4.1 10.9 Other operating costs and expenses446.5 470.1 (23.6)2.1 0.8 (26.5)Depreciation and amortization213.6 245.4 (31.8)0.7 — (32.5)Impairment, restructuring and other operating items, net17.