Company: LILA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001712184-25-000137
Chunk: 9

Company: Liberty Latin America Ltd.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 2
Chunk 9
---
1)0.3 (55.1)5.1 (3.3)(0.8)(64.8)Programming and other direct costs8.0 17.6 (3.0)12.9 (2.2)— 0.8 34.1 Other operating costs and expenses32.2 6.1 (0.4)69.9 (3.4)(15.4)— 89.0 Non-organic changes related to:FX(1.8)— (0.5)— 1.7 — — (0.6)An acquisition— — — 0.6 — — — 0.6 June 30, 2025$347.1 $133.2 $118.7 $168.5 $112.9 $(58.8)$— $821.6 

Adjusted OIBDA Margin

The following table sets forth the Adjusted OIBDA Margin of each of our reportable segments:

 Three months ended June 30,Six months ended June 30, 2025202420252024 %Liberty Caribbean47.4 42.6 47.5 42.0 C&W Panama38.7 32.9 37.6 33.2 Liberty Networks53.1 53.0 52.8 53.7 Liberty Puerto Rico28.9 23.0 28.1 22.1 Liberty Costa Rica35.7 36.3 36.5 37.3 

43

Adjusted OIBDA Margin is impacted by organic changes in revenue, programming and other direct costs of services and other operating costs and expenses. We incurred aggregate integration costs during the three and six months ended June 30, 2024 of $3 million and $17 million, respectively, within our Liberty Puerto Rico segment.

Revenue

Most of our segments derive their revenue primarily from (i) residential fixed services, including video, broadband internet and fixed-line telephony, (ii) mobile services and (iii) B2B enterprise services. Liberty Networks also provides wholesale services over its subsea and terrestrial fiber optic cable networks.

While not specifically discussed in the below explanations of the changes in revenue, we experience significant competition in all of our markets. Competition has an adverse impact on our ability to increase or