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Jun 30, 2021
Liberty Global Q2 2021 Earnings Report
Liberty Global's financial performance in Q2 2021 showed revenue growth and strategic advancements, marked by the Virgin Media O2 joint venture closing and increased Adjusted Free Cash Flow guidance.
Key Takeaways
Liberty Global reported a strong Q2 2021, highlighted by the closing of the Virgin Media O2 joint venture and a return to rebased revenue growth in all core markets. The company reaffirmed its full-year guidance, including $1.35 billion of Adjusted Free Cash Flow, and committed to repurchasing 10% of its market capitalization annually for the next three years.
Virgin Media O2 joint venture closed, creating converged national champions.
139,000 consolidated broadband and postpaid mobile subscribers added.
Full fiber upgrade plan announced for existing U.K. footprint.
Non-binding offer received to acquire 100% of UPC Poland.
Forward Guidance
Liberty Global reaffirms its original full-year guidance metrics, including $1.35 billion of Adjusted Free Cash Flow, representing 26% YoY growth.
Positive Outlook
- Focus on sustainability and reduction of carbon emissions.
- Commitment to Diversity, Equity and Inclusion initiatives.
- Investment in Ventures portfolio for long-term value creation.
- Planned full fiber upgrade in the UK.
- Strong revenue growth across both Consumer and B2B.
Challenges Ahead
- Potential impact of COVID-19 pandemic.
- Effects of changes in laws or regulation.
- Fluctuations in currency exchange and interest rates.
- Ability of suppliers to deliver quality products.
- Outcome of any pending or threatened litigation.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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