Core Insights - Liberty Latin America reported strong commercial momentum leading to year-over-year revenue growth, with the highest quarterly mobile postpaid additions in three years and a return to positive operating income [2][10][12] - The company achieved a 7% year-over-year rebased growth in Adjusted OIBDA, driven by solid execution on cost reduction and customer base management [2][17] - Strategic initiatives remain a focus, including recovery efforts from Hurricane Melissa and partnerships to enhance communication services [2][4][5] Financial Highlights - Q3 2025 revenue was $1,113 million, a 2% increase from $1,089 million in Q3 2024, while year-to-date revenue decreased by 1% to $3,283 million [6][9] - Operating income for Q3 2025 was $188 million, a significant improvement from a loss of $380 million in Q3 2024 [12] - Adjusted OIBDA for Q3 2025 was $433 million, up 8% from $403 million in Q3 2024, with a margin of 39% [6][16] Segment Performance - Liberty Caribbean reported a 3% revenue growth on both a reported and rebased basis, with residential fixed revenue increasing by 5% [14] - C&W Panama achieved a 6% revenue increase, primarily driven by B2B growth [14] - Liberty Puerto Rico experienced a 3% decline in revenue, attributed to challenges in mobile network migration [14][10] Operational Metrics - Total customers as of Q3 2025 were approximately 1.9 million, with mobile subscribers reaching 6.68 million [8] - Organic postpaid additions were 101,700 in Q3 2025, compared to 25,600 in Q2 2025 [8] - Adjusted Free Cash Flow before distributions to noncontrolling interest owners was $16 million in Q3 2025, down from $77 million in Q3 2024 [6] Capital Expenditures - Property and equipment additions for Q3 2025 totaled $149 million, a decrease of 13% from $171 million in Q3 2024 [6][20] - Capital expenditures, net, were $122 million for Q3 2025, compared to $126 million in Q3 2024 [20] Debt and Liquidity - Total debt and finance lease obligations amounted to $8.36 billion as of September 30, 2025, with a gross leverage ratio of 4.9x [26] - The company had maximum undrawn commitments of $680 million, indicating strong liquidity [38]