Customer Base and Market Competition - As of June 30, 2024, the company served 4,017,500 fixed-line customers and 5,906,000 mobile subscribers, with networks passing 8,573,400 homes[207]. - The company is experiencing competition across all markets, adversely affecting revenue and average monthly subscription revenue per customer[208]. - The company’s ability to maintain or increase subscriptions and average revenue per household is critical for future performance[203]. - The average number of fixed-line customers for Sunrise decreased, contributing to a decline in residential fixed subscription revenue by $6.2 million in Q2 2024[220]. - The company experienced competition across all markets, adversely impacting customer growth and average revenue per user (ARPU)[217]. Financial Performance - Net earnings for Q2 2024 were $275.2 million, a significant improvement from a loss of $511.3 million in Q2 2023[216]. - Total revenue for Q2 2024 increased to $1,873.7 million, up 1.4% from $1,848.0 million in Q2 2023[219]. - The total revenue for the six months ended June 30, 2024, was $3,818.8 million, reflecting an increase of 2.8% from $3,716.4 million in the same period of 2023[219]. - Adjusted EBITDA for the six months ended June 30, 2024, was $1,186.1 million, compared to $1,225.9 million for the same period in 2023, reflecting a decrease of 3.2%[216]. - The company incurred a net loss of $15.4 million for the three months ended June 30, 2024, compared to a net loss of $127.5 million for the same period in 2023[273]. Revenue Breakdown - The company reported that 58.7% of its revenue during the three months ended June 30, 2024, was derived from subsidiaries with functional currencies in euros, and 43.5% from Swiss francs[211]. - Sunrise's total revenue for Q2 2024 was $815.8 million, a slight decrease of 0.4% compared to $816.2 million in Q2 2023[219]. - Telenet's revenue for Q2 2024 decreased by $11.9 million, or 1.6%, to $755.1 million from $767.0 million in Q2 2023[219]. - The VMO2 joint venture reported revenue of $3,375.4 million for Q2 2024, a decrease of $16.1 million, or 0.5%, from Q2 2023[219]. - Total residential fixed revenue for VM Ireland decreased by $18.7 million (2.5%) to $728.1 million in the three months ended June 30, 2024[231]. Cost and Expense Management - Inflationary pressures remain elevated, impacting labor, programming, and other costs, which could negatively affect operating results and cash flows[209]. - Programming and other direct costs of services increased by $107.2 million or 9.3% during the six months ended June 30, 2024, compared to the same period in 2023, with an organic increase of $95.3 million or 8.2%[246]. - Other operating expenses (excluding share-based compensation) decreased by $7.2 million or 2.4% for the three months ended June 30, 2024, and by $3.3 million or 0.6% for the six months ended June 30, 2024, compared to the same periods in 2023[249]. - SG&A expenses (excluding share-based compensation) increased by $23.8 million or 6.5% for the three months ended June 30, 2024, and by $38.3 million or 5.2% for the six months ended June 30, 2024, compared to the same periods in 2023[254]. - Depreciation and amortization expense decreased by $32.6 million or 5.7% for the three months ended June 30, 2024, and by $93.0 million or 8.5% for the six months ended June 30, 2024, compared to the same periods in 2023[257]. Shareholder Returns and Liquidity - The company repurchased shares totaling $337.9 million during the six months ended June 30, 2024, under its authorized share repurchase program[303]. - Total cash and cash equivalents as of June 30, 2024, amounted to $2,011.3 million, with $977.0 million held by Liberty Global and unrestricted subsidiaries[294]. - The liquidity available at the corporate level was $2,011.3 million, which includes cash and cash equivalents and investments held under SMAs[297]. - The company anticipates significant liquidity requirements over the next 12 to 24 months due to various commitments, including programming and operating costs[305]. - The company does not anticipate any instances of non-compliance with debt covenants that would materially impact liquidity in the next 12 months[309]. Foreign Exchange and Impairment - Changes in foreign currency exchange rates significantly impact reported operating results, highlighting the importance of managing FX risks[211]. - Foreign currency transaction gains for the three months ended June 30, 2024, amounted to $228.9 million, compared to $56.4 million for the same period in 2023[268]. - The company recognized impairment, restructuring, and other operating items of $4.7 million and $38.2 million for the three and six months ended June 30, 2024, respectively, compared to $3.9 million and $20.3 million for the same periods in 2023[258]. - The company experienced realized and unrealized losses due to changes in fair values of certain investments totaling $(30.1) million for the three months ended June 30, 2024, compared to $(410.8) million for the same period in 2023[270]. - Realized and unrealized gains on derivative instruments totaled $68.5 million for the three months ended June 30, 2024, compared to $51.1 million for the same period in 2023[265].

Revenue Performance - Q1 2024 revenue of €113.3 million decreased 1.2% YoY, with lower fixed and handset revenues partially offset by growth in programming and mobile subscription revenue[9] - Sunrise achieved revenue of €797.9 million in Q1 2024, representing a 4.4% increase YoY on a reported basis and a 0.1% decrease on a rebased basis[22] - Total revenue for the three months ended March 31, 2024, was CHF 746.8 million, a slight decrease of 0.04% compared to CHF 747.1 million for the same period in 2023[33] - B2B segment revenue increased by 4.8% year-over-year, reaching CHF 147.7 million for the three months ended March 31, 2024[33] Earnings and Adjusted EBITDA - Q1 net earnings increased 257.1% YoY to €5.5 million, driven by higher realized and unrealized gains on derivative instruments[9] - Q1 Adjusted EBITDA of €36.8 million decreased 4.9% YoY, impacted by revenue decrease and costs associated with off-net business[9] - Segment Adjusted EBITDA for Q1 was €261.4 million, up 4.7% YoY on a reported basis and 0.2% YoY on a rebased basis[22] - Segment Adjusted EBITDA for the three months ended March 31, 2024, was CHF 244.3 million, a 0.4% increase from CHF 243.3 million in the same period of 2023[33] Customer Metrics - Fixed customer net losses improved sequentially to 1,300 in Q1, driven by higher customer additions[7] - Broadband net adds were 6,200 in Q1 2024, supported by customer loyalty initiatives and trading momentum in flanker brands[20] - Mobile postpaid continued to show momentum with 26,000 net adds in Q1 2024[20] - The total number of customer relationships for Sunrise Holding was 1,642,600 as of March 31, 2024, with a net decrease of 2,600 in Q1 2024[41] Capital Expenditures and Investments - Q1 property and equipment additions of €36.3 million were up 17.5% YoY, reflecting increased investment in fiber upgrade and wholesale programs[9] - Property and equipment additions were 17.5% of revenue in Q1 2024, compared to 18.4% in the prior year[22] Debt and Financial Position - At March 31, 2024, the ratio of Net Senior Debt to Annualized EBITDA was 5.23x, reflecting compliance with restrictive covenants[9] - Total third-party debt and finance lease obligations amounted to €5,947.7 million as of March 31, 2024, compared to €5,896.6 million as of December 31, 2023, reflecting an increase of €51.1 million[32] - The total covenant amount of third-party net debt is €5,532.2 million as of March 31, 2024, down from €5,823.5 million as of December 31, 2023, indicating a decrease of €291.3 million[32] Strategic Initiatives - The company plans to implement price increases and launch new products and services as part of its growth strategy[34] - Sunrise launched new offerings including a "Workplace as a Service" solution and enhanced cybersecurity services for business customers[20] - The anticipated spin-off of Sunrise from Liberty Global is expected to provide additional strategic opportunities and benefits[34] Subscriber Metrics - Sunrise Holding's total mobile subscribers stood at 2,854,200 as of March 31, 2024, with an organic increase of 17,900 subscribers in Q1 2024[41] - In Q1 2024, Sunrise Holding experienced a net organic increase of 17,900 total mobile subscribers, with a decrease of 8,100 prepaid subscribers and an increase of 26,000 postpaid subscribers compared to Q4 2023[45] Average Revenue Per User (ARPU) - The average monthly ARPU for Sunrise in Q1 was CHF 62.67, a decrease of 1.0% YoY[20] - The average revenue per mobile subscriber (ARPU) is calculated by dividing mobile subscription revenue by the average number of mobile subscribers for the period[52]

OR 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 ☐ 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 ...

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 incorporatio ...

Liberty Global plc (NASDAQ:LBTYA) Q3 2023 Results Conference Call November 1, 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 Enrique Rodriguez - EVP & CTO Conference Call Participants Robert Grindle - Deutsche Bank Polo Tang - UBS James Ratzer - New Street Research Ulrich Rath ...

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 ...

• Adjusted EBITDA: Adjusted EBITDA is the primary measure used by our chief operating decision maker to evaluate segment operating performance and is also a key factor that is used by our internal decision makers to (i) determine how to allocate resources to segments and (ii) evaluate the effectiveness of our management for purposes of annual and other incentive compensation plans. As we use the term, Adjusted EBITDA is defined as earnings (loss) from continuing operations before net income tax benefit (exp ...

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 June 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 jurisdiction of ...

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, 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 jurisdiction o ...

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, 2022 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) (State or other jurisdiction of incorporation or organization) G ...