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Liberty .(LBTYA) - 2024 Q4 - Earnings Call Transcript
2025-02-19 19:43
Financial Data and Key Metrics Changes - The company delivered over $4 billion in shareholder remuneration in 2024, compared to a market of $7 billion just twelve months ago [10] - The aggregate revenue from Liberty Telecom reached $22 billion, with approximately $8 billion in aggregate EBITDA [11] - The company achieved all fourteen of its financial guidance metrics for 2024, except for one related to VodafoneZigo revenue, which came in flat [25] Business Line Data and Key Metrics Changes - Liberty Telecom consists of four European telcos, serving 80 million fixed to mobile connections [11] - Liberty Growth, a portfolio of investments in technology, media, sports, and infrastructure, is valued at $3.1 billion [12] - Liberty Services generated nearly $600 million in annual revenue, transitioning over two-thirds of its central employee base into profitable activities [13] Market Data and Key Metrics Changes - VMO2 in the UK saw a strong broadband quarter with 12,000 net adds, despite a flat broadband market overall [42] - Telenet reported a revenue decline of 0.4% year-on-year in Q4, primarily due to a decline in customers [61] - VodafoneZygo experienced a revenue decline of 2.5% in Q4, driven by a decrease in the consumer fixed customer base [62] Company Strategy and Development Direction - The company is focused on maximizing the intrinsic value of its assets and delivering that value to shareholders, including a commitment to spin off 100% of Sunrise [15] - Plans to create a fixed Netco in the UK market are underway, with operational and financial parameters established for around 16 million homes [18] - The company aims to rotate capital into higher return Liberty Growth assets and prioritize infrastructure investments [38] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in generating free cash flow, particularly in the UK and Ireland, as CapEx declines [98] - The company anticipates that the trajectory of free cash flow will improve as CapEx reduces over time [99] - Management highlighted the importance of driving commercial momentum and expanding loyalty programs to reduce churn [35] Other Important Information - The company plans to sell between $500 million and $750 million of non-core assets in 2025 [39] - A substantial cash balance of $2.2 billion was reported at the end of Q4, even after significant capital injections [66] - The company is targeting a buyback of up to 10% of its shares outstanding in 2025 [89] Q&A Session Summary Question: General free cash flow outlook beyond 2025 - Management indicated that free cash flow is a key metric and expects growth in free cash flow across various markets, particularly with the Netco separation in the UK [97] Question: Details on slide fourteen regarding central services business - Management clarified that while increasing MSA fees is a strategy, they are also focused on reducing costs and rethinking the operating model to balance cash upstreaming and maintaining EBITDA [110][114] Question: Update on A shares versus C shares for buyback - Management stated that buybacks are conducted dynamically and did not buy any stock through February 19, 2025, but anticipates future buybacks [120] Question: Acceleration on the handset replacement cycle - Management acknowledged the potential for an acceleration in the handset replacement cycle, influenced by AI functionality [123]
Liberty .(LBTYA) - 2024 Q4 - Earnings Call Presentation
2025-02-19 18:35
nd 201 LIBERTY GLOBAL INVESTOR CALL Q4 2024 FEBRUARY 19, 2025 (一) 02 02 (1 Forward-Looking Statements + Disclaimer This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements with respect to our strategies, future growth prospects and opportunities; expectations regarding our, our affiliates' and our joint ventures' financial performance, including revenue, Adjusted EBITDA, Adjusted EBITDA Less P&E Additions, Adjusted ...
Liberty .(LBTYA) - 2024 Q4 - Annual Results
2025-02-18 21:16
Exhibit 99.1 Virgin Media Ireland Reports Preliminary Q4 and FY 2024 Results Fiber upgrade program continues to accelerate, with around half of our premises upgraded to full fiber at the end of Q4 Strong B2B revenue growth supported by Wholesale access Sequential and YoY improvement in fixed net adds Denver, Colorado February 18, 2025: Liberty Global Ltd. ("Liberty Global") (NASDAQ: LBTYA, LBTYB, LBTYK) is today providing selected, preliminary unaudited financial and operating information for VM Ireland, a ...
Liberty .(LBTYA) - 2024 Q4 - Annual Report
2025-02-18 21:16
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-K Liberty Global Ltd. (Exact name of Registrant as specified in its charter) Bermuda 98-1750381 ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35961 (State or other jurisdiction of incorporatio ...
Liberty Media to spin off assets; CEO Greg Maffei to step down at year-end
CNBC· 2024-11-13 13:46
Liberty Media announced Wednesday it's spinning off most assets besides Formula One auto racing into a separate publicly traded company, called Liberty Live, and that CEO Greg Maffei is stepping down at year-end.Chairman John Malone will become interim CEO of Liberty Media. Liberty Media's investor day is set to take place on Thursday in Manhattan.After the split, Liberty Media will hold Formula One, which Liberty acquired in 2016 and later spun out as a tracking stock, and MotoGP, upon the closing of that ...
LBTYA Drops 3% After Q3 Earnings: What Should Investors Do?
ZACKS· 2024-10-31 13:55
Liberty Global's (LBTYA) shares dipped 3%, at close, after the third quarter of 2024 earnings release on Oct. 30. LBTYA has gained 12.6% year to date (YTD), underperforming the Zacks Computer and Technology sector, the Zacks Wireless National industry and the S&P 500 index's return of 27.6%, 26.1% and 22.5%, respectively. LBTYA's loss from continuing operations in the third quarter of 2024 amounted to $1.4 billion against a profit of $822 million in the year-ago quarter. Revenues increased 1.4% year over ye ...
Liberty .(LBTYA) - 2024 Q3 - Earnings Call Transcript
2024-10-30 22:17
Liberty Global Ltd. (NASDAQ:LBTYA) Q3 2024 Earnings Conference Call October 30, 2024 9:00 AM ET Company Participants Mike Fries - CEO Charlie Bracken - EVP and CFO Lutz Schüler - CEO, Virgin Media Stephen van Rooyen - CEO, VodafoneZiggo André Krause - CEO, Sunrise Conference Call Participants Robert Grindle - Deutsche Bank Maurice Patrick - Barclays Joshua Mills - BNP Paribas Steve Malcolm - Redburn Ulrich Rathe - Bernstein Societe Generale Group James Ratzer - New Street Research Dhruva Shah - UBS Operator ...
Liberty .(LBTYA) - 2024 Q3 - Quarterly Results
2024-10-29 22:43
Exhibit 99.1 1 Liberty Global Reports Q3 2024 Results Sequential improvement in aggregate broadband & postpaid mobile net adds across all markets; fiber deployments ramping in U.K. & Belgium 1 On track to achieve all full-year guidance targets , including Sunrise Adjusted Free Cash Flow guidance refined at Capital Markets Day Sunrise spin approved at EGM (99% in favor) with distribution set for November 12th; planned debt paydown of CHF 1.5b Next phase of value creation post the Sunrise spin, focused on man ...
Liberty .(LBTYA) - 2024 Q3 - Quarterly Report
2024-10-29 20:08
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35961 Liberty Global Ltd. (Exact name of Registrant as specified in its charter) Bermuda 98-1750381 (State or other jurisdiction of inc ...
Liberty .(LBTYA) - 2024 Q2 - Earnings Call Presentation
2024-07-29 09:02
LIBERTY GLOBAL INVESTOR CALL Q2 2024 JULY 26, 2024 �� � sunrise _ 2 Forward-Looking Statements + Disclaimer This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements with respect to our strategies, future growth prospects and opportunities; expectations regarding our, our affiliates' and our joint ventures' financial performance, including revenue, Rebased Revenue, Adjusted EBITDA, Adjusted EBITDA Less P&E Additions ...