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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.
Revenue by Segment
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
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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