What caused LILA's Q3 earnings miss?

Liberty Latin America (LILA) experienced a significant earnings miss in Q3, with a reported net loss of $429.1 million. This shortfall can be attributed to several key factors:

1. **Revenue Decline in Puerto Rico**: Liberty Puerto Rico faced a substantial decline in revenue, attributed to reduced Average Revenue Per User (ARPU) and customer churn. This decline contributed significantly to the overall revenue shortfall.
2. **Churn in Puerto Rico**: The company mentioned that the churn in Puerto Rico was larger than anticipated, which delayed the recovery of the operations to pre-migration EBITDA levels.
3. **Hurricane-Related Impact**: The impact of Hurricane Beryl had a significant effect on the company's operations, leading to a decrease in revenue and an increase in expenses.
4. **Foreign Exchange Rates**: Changes in foreign exchange rates also contributed to the revenue decline, as reported by the company.

In summary, the Q3 earnings miss for Liberty Latin America can be attributed to a combination of factors including revenue decline in Puerto Rico, churn in Puerto Rico, Hurricane-related impact, and foreign exchange rates.

|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|LILA|LILA.O|Liberty Latin A|2023 Q4|-162.74658573596358|-8.27E7|185|
|LILA|LILA.O|Liberty Latin A|2024 Q1|99.26578560939795|-500000|185|
|LILA|LILA.O|Liberty Latin A|2024 Q2|-329.19254658385097|-3.69E7|185|
|LILA|LILA.O|Liberty Latin A|2024 Q3|-995.8246346555323|-4.291E8|185|