Liberty LiLAC Group(DE:1LLC)
€9.20+0.25 (+2.79%)
DE:1LLC
Liberty LiLAC Group earnings date
€9.20
At close:+0.25 (+2.79%)
Liberty LiLAC Group (1LLC) Q3 2026 Earnings Report
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DE:1LLC Q3 2026 EPS Results
- Actual EPS
- -EUR 0.38
- Consensus EPS
- -EUR 0.01
- Beat/Miss
- Missed by -EUR 0.37
- One Year Ago EPS
- -EUR 0.02
DE:1LLC Q3 2026 Revenue Results
- Actual Revenue
- EUR 1.01B
- Expected Revenue
- EUR 1.02B
- Beat/Miss
- Missed by -EUR 16.33M
- YoY Revenue Growth
- +0.44%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/04/2026
- Time
- After Close
- Conference Call
- Wednesday, November 4, 2026
DE:1LLC Upcoming Earnings
Liberty LiLAC Group's next earnings date is estimated for February 24, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
DE:1LLC Q3 2026 Earnings Call
0:00 / 0:00
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call was predominantly positive. Management highlighted improving subscriber momentum, robust adjusted OIBDA growth, margin expansion, significant year-to-date free cash flow improvement, strong performance in Panama and Puerto Rico, cost reductions, and confidence in a stronger Q4 and 2027. These positives outweighed the reported revenue decline, B2B and fixed-revenue pressure, Puerto Rico's negative free cash flow contribution, Liberty Networks' adjusted OIBDA decline, and working-capital headwinds.
Company Guidance
Management expects Q4 to be the strongest quarter for adjusted free cash flow, with full year adjusted free cash flow to finish “comfortably ahead” of 2025 results and “on track to outperform 2025”; Jamaica’s negative free cash flow headwinds are now expected to come “comfortably below” the prior expectation of $100 million, while full year P&E additions as a percentage of revenue are expected to be in a “similar envelope to 2025 levels.” Management expects improved results next quarter, stronger B2B momentum and a “strong Q4,” with “This momentum” carrying into 2027, price increases built into the 2027 budget, and future high-margin revenues and adjusted free cash flow from the Mona project “from 2028”; in Puerto Rico, margins “will continue to improve,” and the company is “not planning like some massive churn” in the fourth quarter.
- Improving Subscriber MomentumThe company added 56,000 postpaid mobile and broadband subscribers in Q3, an improvement over both Q1 and Q2. Growth was supported by strong performance from C&W Panama and a return to postpaid additions in Liberty Costa Rica.
- AI-Enabled Pricing and New Connectivity OffersManagement remains focused on taking price increases using AI-enabled target offers and sharper consumer insights to improve churn outcomes. The company also launched two Liberty Starlink direct-to-consumer partnerships in Panama and Costa Rica, focused on rural and out-of-footprint connectivity.
- Adjusted OIBDA Growth and Margin ExpansionQ3 adjusted OIBDA was $454 million, up 3% on a rebased basis year-over-year. The consolidated adjusted OIBDA margin expanded to approximately 41%, an improvement of 160 basis points year-over-year, supported by higher-contribution-margin products and cost savings across the business.
- Strong Year-to-Date Free Cash Flow ImprovementYear-to-date adjusted free cash flow before distributions was approximately $140 million higher than in the first nine months of 2025. Excluding Puerto Rico, the company said it would have generated over $130 million of adjusted free cash flow before distributions to partners. Management expects Q4 to be the strongest quarter for adjusted free cash flow and expects full-year results to finish comfortably ahead of 2025.
- Significant Share RepurchasesSince the preferred distribution in June, the company has focused on share repurchases and has deployed over $150 million to repurchase common stock in 2026. The repurchases represent nearly 10% of common shares outstanding at 2025 year-end. John Malone, Balan Nair, and members of the board have also been buying common or preferred equity.
- Strong Liberty Caribbean Subscriber and Network PerformanceLiberty Caribbean added about 3,000 postpaid mobile subscribers and 4,000 broadband subscribers in Q3, with mobile contributions from Barbados and smaller markets and broadband additions supported by Jamaica. In Jamaica, Ookla recognized the company as having both the fastest fixed and fastest mobile networks in the first half of 2026.
- Liberty Caribbean Digital and Product InitiativesLiberty Caribbean launched unbeatable Internet across the majority of its markets, providing a mobile-bundled backup for fixed-network outages. The company also launched a redesigned Flow mobile app with real-time activation, a zero-back-office digital purchase experience, and additional cross-selling functionality.
- Liberty Caribbean Pricing and B2B GrowthManagement said there is no material pricing differential between the front book and back book across Liberty Caribbean. The company increased prices by 10% on both fixed broadband and postpaid mobile in Jamaica for virtually all of the base early in Q4. Liberty Caribbean B2B revenue grew 6% year-over-year, supported by major project wins in the Bahamas and Curacao and increased mobile adoption. The AWS partnership has begun generating customer interactions and a pipeline in ICT and public cloud.
- Strong Residential Performance in PanamaC&W Panama added approximately 10,000 broadband subscribers and 16,000 postpaid subscribers in Q3, making it the largest contributor to group broadband and postpaid additions. FMC adoption continued to increase, while the prepaid base also grew year-over-year. Residential mobile subscription revenue increased 6% year-over-year and fixed revenue increased 3% in Q3, supported by subscriber momentum and selective price increases.
- Liberty Networks Enterprise GrowthLiberty Networks delivered 6% year-over-year rebased revenue growth in Enterprise, driven by strength in IT as a Service in Colombia and the Dominican Republic. The company continues to expand its subsea and network systems along new and value-accretive routes and expects future high-margin revenue and adjusted free cash flow from the Mona project from 2028.
- Costa Rica Subscriber Recovery and Margin ImprovementLiberty Costa Rica returned to a more normalized level of postpaid additions, adding 19,000 subscribers in Q3 after a softer Q2 affected by a change in the sales model. The company also launched Liberty Starlink direct-to-consumer service and added a small number of broadband customers along with a higher number of video and voice subscribers. Rebasing adjusted OIBDA grew around 8%, while the margin expanded roughly 300 basis points to approximately 40%, supported by cost reduction, postpaid growth, broadband recovery, and product mix.
- Puerto Rico Mobile Stabilization and Margin ProgressLiberty Puerto Rico delivered positive postpaid additions for the fourth consecutive quarter, adding 6,000 subscribers. Sequential postpaid revenue increased again, driven by the higher subscriber base and a slight improvement in postpaid ARPU. Adjusted OIBDA increased 8% year-over-year on a rebased basis, with the margin expanding to approximately 36%.
- Puerto Rico Commercial and Customer Experience ImprovementsThe new iPhone 18 launch generated positive momentum from late September, supported by better commercial execution, more disciplined subsidy allocation, and signs of promotional rationalization. The Liberty Simple SIM-only offer reduced handset subsidies, while Net Promoter Score continued to improve in both mobile and fixed services, although management said there is still work to do.
- Q3 Sequential Improvement and Q4 OutlookBoth consolidated revenue and adjusted OIBDA grew sequentially from Q2 2026. Management expects stronger B2B momentum as project revenue typically occurs toward year-end, continued progress from efficiency efforts, and a strong Q4. Management said this momentum should carry into 2027.
- Balance Sheet and Liquidity PositionThe company reported C&W net leverage of 3.8x and LCR leverage below 2x, with weighted average debt tenors of almost five years at C&W and over four years at LCR. LLA ended the quarter with $8.5 billion of total debt, $579 million of cash, and $860 million of borrowing capacity. Management said the majority of C&W debt is fixed-rate or hedged to maturity.
- Capital Expenditure Within Expected RangeQ3 P&E additions were $170 million, or 15% of revenue, while year-to-date P&E additions were $459 million, or 14% of revenue. Management continues to expect full-year P&E additions as a percentage of revenue to be in a similar envelope to 2025 levels.
- Lower-than-Expected Jamaica Free Cash Flow HeadwindCompared with the prior expectation of $100 million of full-year negative free cash flow headwinds in Jamaica, management now expects the impact to come in comfortably below that level.
DE:1LLC Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 24, 2027 | 2026 (Q4) | 0.02- | -0.17 | ― | ― |
| Nov 04, 2026 | 2026 (Q3) | -0.01-0.38 | -0.02 | -2376.47% (-0.36) | |
| Aug 05, 2026 | 2026 (Q2) | 0.02-0.11 | -1.3 | 91.79% (+1.19) | |
| May 07, 2026 | 2026 (Q1) | 0.02-0.07 | -0.42 | 83.58% (+0.35) | |
| Feb 18, 2026 | 2025 (Q4) | 0.06-0.17 | -0.55 | 69.66% (+0.38) | |
| Nov 05, 2025 | 2025 (Q3) | -0.01-0.02 | -1.36 | 98.87% (+1.34) | |
| Aug 07, 2025 | 2025 (Q2) | ―-1.30 | -0.13 | -865.10% (-1.16) | |
| May 07, 2025 | 2025 (Q1) | -0.05-0.42 | 0 | ― | |
| Feb 19, 2025 | 2024 (Q4) | -0.03-0.55 | -0.33 | -65.68% (-0.22) | |
| Nov 06, 2024 | 2024 (Q3) | ―-1.36 | 0.18 | -864.97% (-1.54) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat Missed
