Liberty Global Q1 2024 Earnings Report
Key Takeaways
Liberty Global reported Q1 2024 financial results, showing progress on strategic initiatives, including the planned spin-off of Sunrise in Q4 2024. The company's financial performance was in line with expectations, supported by a strong balance sheet and Adjusted FCF generation.
Made significant progress on strategic initiatives, including the planned spin-off of Sunrise in Q4 2024.
Balance sheet remains strong with $3.9 billion in cash and liquid securities.
Completed a proactive $2.4 billion VMO2 refinancing.
Ventures portfolio valued at $3.4 billion represents an attractive platform to support FMC operations.
Liberty Global
Liberty Global
Forward Guidance
Liberty Global is on track to meet its full-year 2024 guidance metrics across all OpCos, with price adjustments recently announced in the U.K., the Netherlands and Belgium to support financial targets.
Positive Outlook
- Continue to invest in our fiber-rich, fixed and 5G mobile networks
- Fiber upgrade projects in the U.K., Belgium and Ireland remain on track
- Continue to invest in digital and AI initiatives to support commercial momentum and efficiencies
- Return to strong Adjusted EBITDA growth in the Netherlands
- Return to positive broadband net adds in Switzerland
Challenges Ahead
- Intensely competitive market environment
- Higher annualized churn
- Decrease in mobile revenue due to lower handset sales
- Decrease in B2B fixed revenue
- Mobile postpaid base declined by 74,500 in Q1