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]

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 ...

Liberty Global's (LBTYA) loss from continuing operations in fourth-quarter 2023 amounted to $3.471 billion, up 25.9% year over year.Revenues increased 4.3% year over year to $1.920 billion. On a rebased basis, revenues declined 1.8% year over year.The Zacks Consensus Estimate for the bottom line was pegged at a loss of 35 cents per share, while that for the top line was $1.88 billion.Top-Line DetailsTotal average revenue per unit (ARPU) per fixed customer relationship increased 7.5% year over year to $66.63 ...

Core Viewpoint - RedBird IMI has agreed to acquire All3Media for £1.15 billion, enhancing its portfolio in the media and entertainment sector [1][3] Company Overview - All3Media is a leading independent television production and distribution company based in London, operating 50 production labels and producing popular global shows [2][8] - The company has a diverse library that includes various genres such as thrillers, detective series, soap operas, and documentaries, with a total production output of 4,000 hours annually [2][8] - All3Media International manages a distribution catalog of over 30,000 hours, while its digital business, Little Dot Studios, focuses on social video and branded content [2] Management and Leadership - Jeff Zucker, CEO of RedBird IMI, will become the chairman of All3Media, with Jane Turton and Sara Geater continuing to lead the company [3] - The management team at All3Media is recognized for its strong performance and creative excellence, which is expected to continue under RedBird IMI's ownership [3][4] Strategic Intent - The acquisition aligns with RedBird IMI's investment strategy focused on global content creators and intellectual property owners, aiming to accelerate growth in Europe and the U.S. [3][4] - RedBird IMI's goal is to build a global media company across various sectors, marking this acquisition as its largest investment to date [4][6] Financial Advisors - RedBird Advisors served as the financial advisor for RedBird IMI, while JP Morgan acted as the financial advisor for Warner Bros. Discovery and Liberty Global [5]

Spin-off Announcement - Liberty Global announces its intention to spin-off 100% of Sunrise to its shareholders, aiming to maximize shareholder value and allow shareholders to participate in the future growth of both Sunrise and Liberty Global [1] - The spin-off will leverage Sunrise's potential as a locally listed FMC challenger, building on the successful integration of Sunrise and UPC since 2020 [1] - The operational business will not be affected by the spin-off, ensuring continuity for customers, employees, suppliers, and other stakeholders [1] Strategic Rationale - The spin-off aligns with Liberty Global's strategy of unlocking value by allowing shareholders to directly participate in Sunrise's future performance [2] - Sunrise will be listed with a strong capital structure, supported by its future cash generation potential, which will underpin its attractive equity story and scope for dividends [2] - The spin-off aims to broaden and deepen the investor base by appealing to local Swiss/European investors and index/passive demand for Sunrise [5] Sunrise Investment Highlights - Sunrise has 100% exposure to the attractive Swiss telecom market, characterized by favorable macro fundamentals, a stable three-player structure, and a supportive regulatory framework [3] - It is the clear number two operator in Switzerland with scaled positions across fixed, mobile, and converged products, and boasts the best 5G coverage and next-generation fixed network [3] - Sunrise benefits from strong cash generation, a delevered balance sheet, and a long-term fixed-rate debt profile with an average maturity of 5 years and an average cost of debt of ~3% [3] - The company plans to offer an attractive shareholder remuneration framework, supported by its high cash-generating asset and experienced management team [3] Financial Guidance and Listing Details - Sunrise reported a strong Q4 2023 performance with a return to revenue and adjusted EBITDA growth, and provided financial guidance for 2024: stable revenue, stable to low-single-digit adjusted EBITDA growth, and adjusted FCF range of CHF360-400m [4] - The listing of Sunrise on the SIX Swiss Exchange is planned for 2H24, supported by up to CHF1.5B ($1.7B) of debt reduction through FCF generation, debt optimization, and Liberty Global's corporate liquidity [3] Liberty Global's Post-Spin-off Portfolio - Following the spin-off, Liberty Global will retain its consolidated interests in Telenet, Virgin Media Ireland, and its joint venture stakes in Virgin Media-O2 and VodafoneZiggo, along with its Ventures portfolio and significant remaining cash balance [4] Industry Context - Liberty Global is a world leader in converged broadband, video, and mobile communications services, delivering next-generation products through advanced fiber and 5G networks, with over 85 million connections across Europe [6] - The company's consolidated businesses generate annual revenue of more than $7 billion, while its joint ventures (VMO2 and VodafoneZiggo) generate combined annual revenue of more than $18 billion [7] - Liberty Global Ventures has a portfolio of more than 75 companies and funds across content, technology, and infrastructure industries, including stakes in ITV, Televisa Univision, Plume, AtlasEdge, and the Formula E racing series [7]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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 incorporation ...

DENVER, Colorado--(BUSINESS WIRE)--Liberty Global Ltd. (“Liberty Global” or the “Company”) (NASDAQ: LBTYA, LBTYB and LBTYK) today announced plans to release its full-year 2023 results on Thursday, February 15, 2024. You are invited to join in its Investor Call, which will begin the following day at 09:00 a.m. (Eastern Time) on Friday, February 16, 2024. During the expanded 90 minute call, management will discuss its Q4 and FY 2023 results and provide a strategic update on value creation and capital allocati ...

Core Viewpoint - Liberty Global's shares have underperformed in the past year, losing approximately 10% of their value, but are currently seen as a good bargain for value investors with a Strong Buy rating due to a modest valuation for its core telecom businesses [3][12]. Company Overview - Liberty Global is a holding company with various telecom businesses in Europe, including wholly-owned subsidiaries like Sunrise (Switzerland), Telenet (Belgium), and Virgin Media Ireland, as well as joint ventures in the Netherlands and the UK [4]. Financial Performance - The company has faced challenges such as cost inflation and declining fixed subscribers, leading to a loss of nearly 50,000 video subscribers in Q3 2023, with a total of around 25,000 internet subscribers lost across its consolidated businesses [7][8]. - Consolidated revenue for fixed services was $2.25 billion through Q3 2023, reflecting a 1.3% year-on-year decline on an organic basis, while mobile services showed resilience with positive subscriber growth [8][9]. - EBITDA has been negatively impacted by inflation, with a decline in margins, but VMO2 has shown accelerating EBITDA growth in Q3 [9][11]. Valuation Insights - Liberty Global's Class A shares are trading at $19.37, with significant cash and investments at the holding company level, implying a low valuation for its telecom businesses [12][14]. - The market is valuing Liberty's telecom businesses at an implied EV/EBITDA of approximately 5.7x, which is significantly lower than peers like Comcast and KPN, suggesting potential upside [15][17]. - Applying a conservative multiple of 6.5x to Liberty's telecom assets indicates a fair value of around $30.55 per share, representing nearly 60% upside from the current price [18]. Strategic Actions - Liberty Global is actively engaging in stock repurchases, having retired 15% of its shares outstanding in 2023, with plans to extend this to nearly 20% by year-end, as a means to close the valuation gap [19][20].

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, 2023 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 plc (Exact name of Registrant as specified in its charter) England and Wales 98-1112770 (State or other jurisdicti ...

Liberty Global plc (NASDAQ:LBTYA) Q2 2023 Earnings Conference Call July 25, 2023 9:00 AM ET Company Participants Mike Fries - Chief Executive Officer Charlie Bracken - Executive Vice President and Chief Financial Officer Lutz Schüler - Chief Executive Officer, Virgin Media André Krause - Chief Executive Officer, Sunrise Ritchy Drost - CFO of VodafoneZiggo Conference Call Participants Robert Grindle - Deutsche Bank Carl Murdock-Smith - Berenberg Ulrich Rathe - Societe General Yemi Falana - Goldman Sachs Polo ...