Liberty Global Q4 2019 Earnings Report
Key Takeaways
Liberty Global reported Q4 2019 results, with revenue decreasing slightly by 0.5% on a rebased basis. Operating income increased by 12.0% year-over-year. The company saw organic net RGU losses and organic customer losses, but added mobile subscribers. The company is forecasting a mid-single-digit rebased OCF decline, mid-single-digit rebased OFCF growth and approximately $1 billion of Adjusted FCF for the full year 2020.
Rebased revenue decreased 0.5% in Q4.
Operating income increased 12.0% year-over-year.
The company lost 25,500 organic customers
The company added 87,500 mobile subscribers.
Liberty Global
Liberty Global
Liberty Global Revenue by Segment
Forward Guidance
For the full year 2020, the company is forecasting a mid-single-digit rebased OCF decline, mid-single-digit rebased OFCF growth and approximately $1 billion of Adjusted FCF.
Positive Outlook
- Expected launch of 5G speeds at Virgin Media
- New $1 billion share repurchase plan authorized.
- Focus on fixed-mobile convergence driving mobile subscription growth.
- Cutting-edge FMC bundles.
- Continued success of turnaround plan in Switzerland.
Challenges Ahead
- Anticipated headwinds in 2020.
- Organic OCF decline
- Possibility of subscribers not upgrading to advanced offerings.
- Potential challenges from competition.
- Effects of changes in laws or regulation.
Revenue & Expenses
Visualization of income flow from segment revenue to net income