Loading...
•
Mar 31, 2023
Liberty Global Q1 2023 Earnings Report
Liberty Global's Q1 2023 financial results were announced, demonstrating stable revenue growth and continued commercial momentum.
Key Takeaways
Liberty Global reported stable revenue growth and a 90,000 net new subscriber increase in broadband and postpaid mobile. Adjusted EBITDA was affected by the timing of price increases and cost inflation impacts. The company is on track for all 2023 full-year guidance metrics and has repurchased $330 million of stock year-to-date.
Continued commercial momentum in Q1 across FMC Champions, including strong broadband performance in the U.K.
Announced intentions to buyout remaining Telenet stake and redomicile to Bermuda.
Repurchased $330 million of stock through May 5th.
On track for all full-year OpCo and Group guidance in 2023.
Liberty Global
Liberty Global
Forward Guidance
Liberty Global is on track for all 2023 full-year guidance metrics at its operating companies and $1.6 billion of Distributable Cash Flow at Liberty Global.
Positive Outlook
- On track for all 2023 full-year guidance metrics at operating companies.
- Targeting $1.6 billion of Distributable Cash Flow at Liberty Global.
- Supported by shareholder distributions from joint ventures in the U.K. and the Netherlands.
- Supported by Adjusted Free Cash Flow from consolidated operating companies in Switzerland and Belgium.
- Balance sheet remains strong with ~$4 billion of cash.
Challenges Ahead
- Potential impacts from macroeconomic dynamics.
- Challenges from competition.
- Managing rapid technological change.
- Ability to maintain or increase rates to subscribers or to pass through increased costs to subscribers.
- Effects of changes in laws or regulations.