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Mar 31, 2021
Liberty Global Q1 2021 Earnings Report
Reported a mixed performance with revenue growth offset by EBITDA decline, driven by strategic investments and COVID-19 impacts.
Key Takeaways
Liberty Global reported a 25.7% increase in revenue to $3,615.3 million, driven by acquisitions and favorable FX movements. Net earnings increased by 41.5% to $1,440.3 million. However, rebased Adjusted EBITDA decreased by 1.7% to $1,367.3 million, impacted by costs to capture and COVID-19.
Revenue increased by 25.7% YoY on a reported basis and 0.2% on a rebased basis.
Net earnings increased by 41.5% YoY to $1,440.3 million.
Adjusted EBITDA increased by 18.9% YoY on a reported basis but decreased 1.7% on a rebased basis.
Fixed Mobile Convergence penetration increased to 29%.
Forward Guidance
The company reaffirmed its original, full-year guidance metrics, including $1.35 billion of Adjusted Free Cash Flow, representing 26% YoY growth.
Positive Outlook
- Reaffirming all original, full-year guidance metrics
- Targeting $1.35 billion of Adjusted Free Cash Flow
- Expecting 26% YoY growth in Adjusted Free Cash Flow
- Strong balance sheet with $2.9 billion of cash
- Balance sheet with $5.8 billion of liquidity
Historical Earnings Impact
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Avg. Return Before/After Earnings
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