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Liberty Global's (LBTYA) Acquisition to Aid Long-Term Growth
ZACKS· 2024-06-14 14:15
Liberty Global (LBTYA) is set to acquire shares held by Warner Bros. Discovery (WBD) in the electric car racing series, Formula E. This acquisition will increase Liberty Global's ownership in Formula E to 65%, granting it a controlling interest in the rapidly growing motorsport and, therefore, aid the long-term growth of the company. Formula E is the only FIA-sanctioned electric world motor racing championship and the world's top-rated ESG sport. It is also unique for being the only net zero carbon sport fr ...
RedBird IMI Completes Acquisition of Global Production Company All3Media
Newsfilter· 2024-05-16 14:24
NEW YORK, May 16, 2024 (GLOBE NEWSWIRE) -- RedBird IMI, a joint venture investment platform focused on global media, entertainment, sports and news content properties, today announced that it has completed its acquisition of All3Media, one of the world's leading independent television production and distribution companies, from its joint owners, Warner Bros. Discovery, Inc. (NASDAQ:WBD) and Liberty Global Ltd. (NASDAQ:LBTYA, LBTYB and LBTYK))). The deal has been approved by regulators in the United States, ...
Liberty .(LBTYA) - 2024 Q1 - Earnings Call Transcript
2024-05-02 23:03
Liberty Global Ltd (NASDAQ:LBTYA) Q1 2024 Results Conference Call May 2, 2024 9:00 AM ET Company Participants Michael Fries - Vice Chairman, President & CEO Charles Bracken - Executive VP & CFO Ritchy Drost - Chief Financial Officer Lutz Schu¨ler - Chief Executive Officer Conference Call Participants Joshua Mills - BNP Paribas Maurice Patrick - Barclays Ulrich Rathe - Bernstein Societe Generale Group Robert Grindle - Deutsche Bank Steve Malcolm - Redburn Atlantic Matthew Harrigan - the Benchmark Company Car ...
Liberty Global (LBTYA) Q1 Earnings and Revenues Rise Y/Y
Zacks Investment Research· 2024-05-02 11:51
Liberty Global's (LBTYA) profit from continuing operations in first-quarter 2024 amounted to $527 million, up 173.9% year over year.Revenues increased 4.1% year over year to $1.945 billion. On a rebased basis, revenues rose 1.9% year over year.The Zacks Consensus Estimate for the top line was pegged at $1.87 billion.Top-Line DetailsTotal average revenue per unit (ARPU) per fixed customer relationship increased 4.5% year over year to $66.69. On a rebased basis, the figure rose 1.8%.Mobile ARPU (including int ...
Liberty .(LBTYA) - 2024 Q1 - Quarterly Results
2024-05-01 20:26
Exhibit 99.1 Q1 2024 Fixed Income Release Denver, Colorado May 1, 2024: Liberty Global Ltd. ("Liberty Global") (NASDAQ: LBTYA, LBTYB, LBTYK) is today providing selected, preliminary unaudited financial and operating information for its fixed-income borrowing groups for the three months ("Q1") ended March 31, 2024 as compared to the results for the same period in the prior year (unless otherwise noted). The financial and operating information contained herein is preliminary and subject to change. We expect t ...
Liberty .(LBTYA) - 2024 Q1 - Quarterly Report
2024-05-01 20:14
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 March 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 Liberty Global Ltd. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporation or organizat ...
Liberty Global Appoints Severina Pascu as Senior Vice President, Commercial & Operations
Businesswire· 2024-03-06 05:00
DENVER, Colorado--(BUSINESS WIRE)--Liberty Global Ltd. (Liberty Global) (NASDAQ: LBTYA, LBTYB and LBTYK) announces today that Severina Pascu has been appointed to the newly created role of Senior Vice President, Commercial and Operations. Reporting directly to Liberty Global CEO Mike Fries, Ms. Pascu will provide operating and commercial expertise in the management of the company’s core FMC champions and venture activities. With a versatile and cross-functional team, she will also lead specific growth an ...
REPORT REVEALS THAT COUNTRIES WITH HIGH PROPORTION OF "NETWORK-DEPENDENT" WORKERS WILL BENEFIT MOST FROM AI
Businesswire· 2024-02-26 09:15
LONDON, United Kingdom--(BUSINESS WIRE)--Countries with a high proportion of workers who rely on the telecommunications network will benefit more from AI than others, according to a new report commissioned by Liberty Global. According to the research by Ernst & Young LLP (EY), the US stands to be the biggest beneficiary, and that the UK and EU were set to be the most positively-impacted by AI, and that the telecoms industry is key to unlocking efficiency gains of AI at scale. The report – called 'Wired for ...
Liberty .(LBTYA) - 2023 Q4 - Earnings Call Transcript
2024-02-16 23:12
Financial Data and Key Metrics Changes - Overall operating performance was positive despite macro and competitive headwinds, with a strong Q4 leading to accelerated EBITDA growth at BMO 2 and Sunrise, reporting nearly 8% and 6% growth respectively [6][7] - The company exceeded its original distributable cash flow guidance for the year, excluding an unexpected tax payment in Q4 [8][22] - The balance sheet liquidity profile remains strong with over $4 billion in cash and liquid securities [8] Business Line Data and Key Metrics Changes - Virgin Media O2 saw positive net adds in both postpaid mobile and broadband, maintaining market leadership in broadband with customers receiving significantly higher speeds than competitors [9] - In Switzerland, Q4 broadband net adds improved due to successful commercial initiatives, with over 50% of the UPC migration completed [10] - Belgium experienced improved commercial momentum, although elevated churn impacted net subscriber performance [11] - The Dutch market remained competitive, leading to broadband losses, but mobile postpaid growth remained strong [11] Market Data and Key Metrics Changes - Total revenue across core markets remained stable, with pressures in fixed services offset by growth in mobile and B2B segments [12] - Consumer mobile revenue growth was supported by postpaid volume growth and pricing actions, while B2B remained a consistent growth business [12] - Fixed ARPU trends showed modest declines in the U.K. and Switzerland, but growth in Belgium, Poland, and Ireland [16] Company Strategy and Development Direction - The company is focused on maximizing the inherent value of its core assets and delivering that value to shareholders through share buybacks, dividends, and potential spin-offs [30][31] - Plans include listing the Swiss subsidiary Sunrise and creating a new holding company for Telenet and Vodafone Ziggo [33][34] - The company aims to invest in network upgrades and expansions, targeting significant growth in fiber and 5G capabilities [17][18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in operational performance and strategic momentum for 2024, despite ongoing competitive pressures [6][30] - The company is committed to shareholder remuneration, with plans for significant buybacks and the spin-off of Sunrise [57][58] - Future growth drivers include mobile service revenue price rises, loyalty programs, and bundling streaming services [14][15] Other Important Information - The company generated $1.4 billion in distributable cash flow for 2023, slightly exceeding guidance [22] - A $1.7 billion investment is planned to deleverage Sunrise before its spin-off [46] - The sale of All3Media is expected to generate approximately $400 million in net proceeds [54] Q&A Session Summary Question: What are the expectations for revenue growth in 2024? - The company anticipates stable to declining revenues for BMO 2, with low to mid-single-digit adjusted EBITDA decline expected [24] Question: How will the spin-off of Sunrise impact shareholder value? - The spin-off is expected to optimize the value of Sunrise and distribute significant cash to shareholders [46][57] Question: What are the plans for capital allocation moving forward? - The company plans to continue share buybacks, invest in network upgrades, and explore M&A opportunities while maintaining a strong balance sheet [62]
Liberty .(LBTYA) - 2023 Q4 - Earnings Call Presentation
2024-02-16 17:39
Q4 RESULTS AND STRATEGY “SAFE HARBOR” Forward-Looking Statements + Disclaimer This presentation contains forward-looking any distributions or dividends to be received from our operating companies; the strength of our, our affiliates' and our joint ventures’ respective balance sheets (including cash and liquidity position); the amount and tenor of our third-party statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements with respect debt and anticipated borro ...