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Jun 30, 2022
Liberty Global Q2 2022 Earnings Report
Liberty Global's financial performance remained stable across FMC markets, with VMO2 demonstrating continued Adjusted EBITDA growth. Strategic advancements in fixed network strategies were executed, and the stock buyback program was expanded, reaffirming full-year guidance.
Key Takeaways
Liberty Global reported stable revenue across its FMC markets, driven by price adjustments. VMO2's growth was a highlight, and the company is focused on innovation and network development. Liberty Global increased its 2022 buyback program by $400 million to approximately $1.7 billion and reiterated all full-year guidance targets.
Stable to growing revenue across FMC markets and continued Adjusted EBITDA growth at VMO2.
Price adjustments, merger synergies, and continued innovation are expected to support robust operational trends.
Executing on long-term fixed network strategies with Telenet announcing NetCo partnership in Belgium, and fiber plans progressing in the U.K. and Ireland.
Stock buyback accelerating with announcement to increase 2022 program by $400 million to ~$1.7 billion.
Liberty Global
Liberty Global
Forward Guidance
Liberty Global is reiterating all of its original, full-year guidance metrics, including $1.7 billion of Full Company Distributable Cash Flow.
Positive Outlook
- Demand for connectivity remains high.
- Well positioned to execute on strategic and financial goals.
- Focus on product innovation and offering the best value for customers.
- Proactively addressing the impacts on costs while supporting network investments.
- Realization of synergies is expected to continue driving cash flow growth.