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Sep 30, 2024
Liberty Global Q3 2024 Earnings Report
Liberty Global reported a solid quarter with sequential improvement in broadband and postpaid mobile net adds. The Sunrise spin-off was confirmed, and strategic focus shifted to managing telecom assets and rotating capital into new growth opportunities.
Key Takeaways
Liberty Global reported a revenue increase of 4.4% YoY to $1,935.2 million and an Adjusted EBITDA increase of 11.8% YoY to $668.3 million. The company is on track to achieve all full-year guidance targets, including Sunrise Adjusted Free Cash Flow guidance. The Sunrise spin-off was approved and is set for November 12th.
Sequential improvement in aggregate broadband & postpaid mobile net adds across all markets.
Fiber deployments are ramping in U.K. & Belgium.
On track to achieve all full-year guidance targets, including Sunrise Adjusted Free Cash Flow guidance refined at Capital Markets Day.
Sunrise spin approved with distribution set for November 12th; planned debt paydown of CHF 1.5b.
Liberty Global
Liberty Global
Liberty Global Revenue by Segment
Revenue by Segment
Telenet Revenue
CapyFin.comVM Ireland Revenue
CapyFin.com Forward Guidance
The press release contains forward-looking statements regarding strategies, future growth prospects, financial performance, and the spin-off of Sunrise. These statements involve risks and uncertainties that could cause actual results to differ materially.
Positive Outlook
- Strategies for maximizing and creating value for shareholders
- Expected drivers of future operational and financial performance at operating companies and joint ventures, including the use of AI technologies
- Plans with respect to networks, products and services and the investments in such networks, products and services, including the planned fiber upgrade programs in the U.K. and Belgium
- Strategic plans for Liberty Growth portfolio, including any expected capital rotation between investments and the proceeds to be received therefrom
- Share repurchase program, including the amount of shares intended to repurchase during the year
Challenges Ahead
- Continued use by subscribers and potential subscribers of services and their willingness to upgrade to more advanced offerings
- Ability to meet challenges from competition, to manage rapid technological change or to maintain or increase rates to subscribers or to pass through increased costs to subscribers
- Potential impact of pandemics and epidemics
- Effects of changes in laws or regulations
- General economic factors
Revenue & Expenses
Visualization of income flow from segment revenue to net income