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AI Earnings Predictions for Liberty Global Ltd. (LBTYA)

Machine learning predictions based on historical earnings data and price patterns

Latest Prediction

SELL

1-Day Prediction

-2.53%

$9.44

0% positive prob.

5-Day Prediction

-2.05%

$9.49

0% positive prob.

20-Day Prediction

-14.90%

$8.25

0% positive prob.

Price at prediction: $9.69 Confidence: 100.0% Model AUC: 1.0000 Quarter: Q2 2026

Earnings Transcripts

SEC 8-K filings with transcript text

View All
2026
Q2

Q2 2026 Earnings

8-K SELL

Jul 24, 2026 · 100% conf.

AI Prediction SELL

1D

-2.53%

$9.44

Act: +1.44%

5D

-2.05%

$9.49

Act: +9.49%

20D

-14.90%

$8.25

Price: $9.69 Prob +5D: 0% AUC: 1.000
0001570585-26-000111

EX-99.1

2 ex991lgq22026pressrelease.htm

EX-99.1

Document

Exhibit 99.1

Strong operational results and continued progress toward Ziggo Group spin-off in 2027

Denver, Colorado: July 24, 2026 - Liberty Global Ltd. announces its Q2 2026 financial results.

CEO Mike Fries stated, “In the second quarter, we continued to execute against our strategic priorities including taking key steps towards unlocking value for shareholders through the planned Ziggo Group spin-off as early as mid-2027:

•Liberty Telecom: Our Telecom operations continued to focus on driving commercial momentum and investing in the future-proofing of our infrastructure. In the Benelux, VodafoneZiggo delivered positive broadband net adds with the best quarterly performance in six years driven by continued execution of the How We Win plan, while Telenet delivered the fifth consecutive quarter of positive broadband net adds, supported by strong cross-sell campaigns and sales execution. In the UK, broadband and postpaid trading performance improved year-over-year at Virgin Media O2, while the full fiber network expansion hit a milestone 9 million1 premises. Virgin Media Ireland delivered positive postpaid mobile net adds for the sixth consecutive quarter and positive total broadband net adds2, supported by strong wholesale performance.

•Ziggo Group spin-off: During Q2 we made significant progress against the key steps ahead of the Ziggo Group spin-off in 2027, including the announcement of Ziggo Group management in June. In Belgium, we received approval from the Belgian Competition Authority for the fiber sharing agreement with Proximus, enabling a full separation of the capital structures at Telenet and Wyre. In the Netherlands, we remain on-track to close the acquisition of Vodafone's 50% stake in Vodafone Ziggo by the end of July, with all approvals met to close.

•Liberty Growth: In the second quarter, we completed the full exit of our remaining stake in EdgeConneX for total proceeds of $604m representing >30% IRR on our investment and bringing our year-to-date disposals to ~$900m. The portfolio remains concentrated, with the top five investments comprising over 50% of the $2.9 billion3 FMV. We are continuing to focus on areas where we see conviction in our right-to-play, with strong structural tailwinds and a clear path to value monetization over time.

•Liberty Global: Year-to-date we have achieved ~$1.2 billion in asset monetizations, including Growth portfolio disposals of ~$900m and a ~$340m asset-backed loan secured by a portion of our Wyre stake. As a result, we are upgrading our year-end corporate cash target from ~$1.5 billion to ~$2.0 billion4. We remain focused on disciplined capital allocation and rotation, while continuing to execute our strategy and return value directly to shareholders."

1

Key Summary of Operating and Financial Highlights5,6

Three months ended June 30,Increase/(decrease)Six months ended June 30,Increase/(decrease)

20262025Reported % Rebased %7 20262025Reported % Rebased %7

in millions, except % amounts

Revenue

Telenet$753.1 $785.1 (4.1)(1.0)$1,512.5 $1,528.3 (1.0)(0.7)

Wyre197.8 195.0 1.4 (1.0)396.7 375.8 5.6 (1.0)

VM Ireland122.4 122.8 (0.3)(2.7)249.4 238.6 4.5 (2.0)

Consolidated Liberty Telecom1,073.3 1,102.9 (2.7)2,158.6 2,142.7 0.7

Liberty Growth110.8 163.8 (32.4)(27.9)288.4 291.1 (0.9)(0.6)

Liberty Corporate232.7 223.7 4.0 (3.7)471.9 431.1 9.5 (3.5)

Consolidated intercompany eliminations(244.8)(221.3)N.M.N.M.(472.3)(424.6)N.M.N.M.

Total consolidated$1,172.0 $1,269.1 (7.7)(6.0)$2,446.6 $2,440.3 0.3 (1.5)

Nonconsolidated 50% owned Liberty Telecom:

VMO2 JV

$3,220.3 $3,373.5 (4.5)(7.9)$6,442.7 $6,499.8 (0.9)(7.2)

VodafoneZiggo JV $1,133.7 $1,123.3 0.9 (1.5)$2,282.2 $2,175.3 4.9 (1.7)

Net earnings (loss)

Liberty Global Consolidated$(357.8)$(2,773.8)87.1 $0.4 $(4,097.1)100.0

Liberty Growth$(59.5)$(36.7)(62.1)$(99.3)$(50.5)(96.6)

Liberty Corporate$(274.1)$(2,700.5)89.9 $88.7 $(4,106.6)102.2

Adjusted EBITDA

Telenet$197.0 $185.1 6.4 4.8 $380.9 $340.9 11.7 6.7

Wyre141.6 152.9 (7.4)(9.4)295.9 298.7 (0.9)(7.0)

VM Ireland40.4 41.4 (2.4)(4.7)78.8 78.6 0.3 (5.8)

Consolidated Liberty Telecom379.0 379.4 (0.1)755.6 718.2 5.2

Liberty Growth(25.7)(13.3)(93.2)9.1 (23.7)(3.0)(690.0)31.3

Liberty Corporate(18.0)(20.8)13.5 N.M.(20.3)(35.3)42.5 N.M.

Consolidated intercompany eliminations(10.4)(10.0)N.M.N.M.(20.2)(20.0)N.M.N.M.

Total consolidated$324.9 $335.3 (3.1)(4.2)$691.4 $659.9 4.8 (1.3)

Nonconsolidated 50% owned Liberty Telecom:

VMO2 JV

$1,180.3 $1,172.3 0.7 (2.2)$2,272.1 $2,245.7 1.2 (4.6)

VodafoneZiggo JV $470.1 $496.7 (5.4)(7.6)$952.1 $959.8 (0.8)(7.0)

2

Subscriber Variance Table — June 30, 2026 vs. March 31, 2026

Fixed-Line Customer

RelationshipsBroadband SubscribersTotal RGUsPostpaid Mobile Subscribers

Organic Change Summary

Consolidated Reportable Segments:

Telenet (14,000)6,100 (53,200)2,200

VM Ireland(5,900)(5,000)(13,500)3,000

Total Consolidated Reportable Segments(19,900)1,10

2026
Q1

Q1 2026 Earnings

8-K

May 1, 2026

0001570585-26-000070

EX-99.1

2 ex991lgq12026pressrelease.htm

EX-99.1

Document

Exhibit 99.1

Executing value unlock strategy as commercial momentum builds across all markets

Denver, Colorado: May 1, 2026 - Liberty Global Ltd. announces its Q1 2026 financial results.

CEO Mike Fries stated, “In the first quarter, we made continued progress against our operational and strategic goals while remaining fully focused on unlocking and crystallizing value for shareholders. We are on track with our Ziggo Group plans, including the acquisition of Vodafone's 50% stake in VodafoneZiggo which should close in July and the building blocks required to spin-off our interest to shareholders in H2 2027. After an encouraging commercial performance in Q1, we are reiterating all 2026 full-year guidance targets.

•Liberty Telecom: Our Telecom operations delivered strong Q1 commercial results with sequential improvement in broadband net adds across our markets. Virgin Media O2 further optimized its fixed commercial initiatives and launched O2 Satellite, becoming the first UK operator to provide direct-to-device satellite connectivity. VodafoneZiggo improved broadband net adds for the fourth consecutive quarter since its new strategic plan while Telenet achieved its best broadband performance in over 10 years, driven by exceptional sales execution and cross-sell campaigns. Virgin Media Ireland delivered another positive quarter of wholesale growth, while driving positive postpaid mobile net adds for the fifth consecutive quarter.

•Liberty Growth: We continued to execute our strategy of rotating capital within the Growth portfolio during Q1, exiting half of our 5% stake in ITV and a portion of our EdgeConneX investment, with combined disposal proceeds of ~$180m in the quarter and $300m15 through April. The portfolio remains concentrated, with our top five investments comprising ~65% of its $3.4B1 FMV at March 31, 2026. We have also moved Liberty Blume into a new 'Services' pillar in the portfolio, to reflect its increased focus on third-party revenue growth going forward. Liberty Growth continues to be a significant source of capital and we are focused on investing in sectors that have structural tailwinds along with a clear path to value creation.

•Liberty Corporate: As we highlighted at our year-end call, we delivered a substantial reshaping of our corporate operating model that will result in a ~75% improvement to our Adj. EBITDA outlook13 for this year compared to 2024. As we look ahead, we remain committed to identifying further efficiencies and are squarely focused on executing our strategy to grow and deliver value directly to shareholders.

We ended the first quarter with a consolidated cash balance of $1.9 billion14, reflecting disciplined capital allocation and further non-core asset disposals, as we rotate capital into higher growth investments and strategic transactions."

1

Key Summary of Operating and Financial Highlights2,3

Three months ended March 31,Increase/(decrease)

20262025Reported % Rebased %4

in millions, except % amounts

Revenue

Telenet$759.4 $743.2 2.2 (0.4)

Wyre198.9 180.8 10.0 (1.0)

VM Ireland127.0 115.8 9.7 (1.4)

Consolidated Liberty Telecom1,085.3 1,039.8 4.4

Liberty Growth177.6 127.3 39.5 25.4

Liberty Corporate239.2 207.4 15.3 (2.4)

Consolidated intercompany eliminations(227.5)(203.3)N.M.N.M.

Total consolidated$1,274.6 $1,171.2 8.8 2.9

Nonconsolidated 50% owned Liberty Telecom:

VMO2 JV

$3,222.4 $3,126.3 3.1 (6.5)

VodafoneZiggo JV $1,148.5 $1,052.0 9.2 (1.8)

Net earnings (loss)

Liberty Global Consolidated$358.2 $(1,323.3)127.1

Liberty Growth$(39.8)$(13.8)(188.4)

Liberty Corporate$362.8 $(1,406.1)125.8

Adjusted EBITDA

Telenet$183.9 $155.8 18.0 8.8

Wyre154.3 145.8 5.8 (4.6)

VM Ireland38.4 37.2 3.2 (7.1)

Consolidated Liberty Telecom376.6 338.8 11.2

Liberty Growth2.0 10.3 (80.6)N.M.

Liberty Corporate(2.3)(14.5)84.1 N.M.

Consolidated intercompany eliminations(9.8)(10.0)N.M.N.M.

Total consolidated$366.5 $324.6 12.9 1.4

Nonconsolidated 50% owned Liberty Telecom:

VMO2 JV

$1,091.8 $1,073.4 1.7 (7.0)

VodafoneZiggo JV $482.0 $463.1 4.1 (6.4)

2

Subscriber Variance Table — March 31, 2026 vs. December 31, 2025

Fixed-Line Customer

RelationshipsBroadband SubscribersTotal RGUsPostpaid Mobile Subscribers

Organic Change Summary

Consolidated Reportable Segments:

Telenet (13,500)17,100 (143,400)(9,100)

VM Ireland(3,300)(2,500)(11,300)1,800

Total Consolidated Reportable Segments(16,800)14,600 (154,700)(7,300)

Q1 2026 Consolidated Reportable Segments Adjustments:

Telenet — — — (10,600)

Nonconsolidated Reportable Segments:

VMO2 JV(6,900)(5,300)(172,000)(60,400)

VodafoneZiggo JV(i) (15,100)(8,500)(64,200)24,700

Q1 2026 Joint Venture Adjustments:

VMO2 JV

— — — (72,300)


(i)Organic movements for the periods presented exclude certain B2B customers and subscribers for fixed line counts and include voice-only connections for mobile counts.

3

Virgin Media O2 begins 2026 focused on netwo

2025
Q4

Q4 2025 Earnings

8-K

Feb 18, 2026

0001570585-26-000015

EX-99.1

2 ex991lgq42025pressrelease.htm

EX-99.1

Document

Exhibit 99.1

Improving commercial momentum and continued focus on value creation

Denver, Colorado: February 18, 2026 - Liberty Global Ltd. announces its Q4 2025 financial results.

CEO Mike Fries stated, “In the fourth quarter, we continued to execute our plans to both drive commercial momentum in our telecom operations and unlock value for shareholders.

•Liberty Telecom: We delivered all full-year guidance metrics at VMO2, VodafoneZiggo and Telenet, reflecting growing commercial progress despite challenging competitive environments. VMO2 delivered a sequential improvement in broadband additions and was recognized by Opensignal as the UK's top broadband provider. VodafoneZiggo continued its positive trajectory, delivering its best quarterly broadband performance in over two years while also becoming the largest provider offering 2Gbps speeds in the Netherlands. Telenet recorded its highest broadband net adds in three years, supported by strong Black Friday campaigns and further FMC growth on the BASE brand. Virgin Media Ireland delivered its best quarterly wholesale activity to date and remains firmly on track to substantially complete its fiber rollout in 2026.

•Liberty Growth: We continued to rotate capital into higher‑return opportunities across our Growth portfolio and the wider group, delivering ~$400m1 in non‑core asset disposals, including UPC Slovakia as announced in December. The Growth portfolio remains concentrated, with over 70% of its $3.4 billion2 FMV attributable to just five key assets. We are investing in areas where we see conviction in our right‑to‑play, strong industrial tailwinds, and a clear path to value creation over time.

•Liberty Corporate: We delivered a substantial reshaping of our operating model that positioned us to outperform our 2025 guidance for corporate spend and has materially improved our Adj. EBITDA trajectory which will be down 75% in 2026 compared to 2024. Meanwhile, Liberty Blume and Liberty Tech continued to provide impactful support to our operating companies, driving scale and expanding opportunities to create value through shared platforms and attracting new, third-party customers. Beginning in 2026, Liberty Blume will be reported and managed through our Liberty Growth portfolio reflecting its stand-alone position and the possibility of raising third-party capital.

1

We closed 2025 with a strong corporate cash position of $2.2 billion3, reflecting disciplined capital allocation throughout the year, including non‑core asset disposal proceeds and continued upstreaming of JV dividends during the fourth quarter. We also have made significant progress in extending 2028 maturities across our credit silos with almost $15 billion4 of refinancings last year and have started financing activity on 2029 instruments to ensure we have a long-tenured, resilient capital structure. As we look to 2026, we remain solely focused on taking further action to unlock and deliver increased shareholder value."

2

Key Summary of Operating and Financial Highlights5,6

Three months ended December 31,Increase/(decrease)Year ended December 31,Increase/(decrease)

20252024Reported % Rebased %7 20252024Reported % Rebased %7

in millions, except % amounts

Revenue

Telenet$842.3 $781.5 7.8 (1.3)$3,207.9 $3,084.4 4.0 (0.4)

VM Ireland134.0 128.6 4.2 (4.5)494.8 491.4 0.7 (3.6)

Consolidated Liberty Telecom976.3 910.1 7.3 3,702.7 3,575.8 3.5

Liberty Growth36.6 35.1 4.3 (5.4)330.2 78.9 318.5 2.7

Liberty Services & Corporate266.6 223.5 19.3 9.4 1,011.1 934.7 8.2 0.4

Consolidated intercompany eliminations(48.4)(45.5)N.M.N.M.(165.5)(247.5)N.M.N.M.

Total consolidated$1,231.1 $1,123.2 9.6 (0.5)$4,878.5 $4,341.9 12.4 (0.8)

Nonconsolidated 50% owned Liberty Telecom:

VMO2 JV

$3,399.4 $3,478.8 (2.3)(5.9)$13,335.2 $13,649.7 (2.3)(5.3)

VodafoneZiggo JV $1,186.4 $1,113.8 6.5 (2.3)$4,518.5 $4,450.5 1.5 (2.8)

Earnings (loss) from continuing operations

Liberty Global Consolidated$(2,916.2)$2,334.2 (224.9)$(7,096.7)$1,869.1 (479.7)

Liberty Growth$(38.2)$(41.3)7.5 $(124.5)$(53.0)(134.9)

Liberty Services & Corporate$(2,812.9)$2,424.7 (216.0)$(7,001.8)$2,339.0 (399.4)

Adjusted EBITDA

Telenet$305.4 $311.0 (1.8)(9.9)$1,303.8 $1,292.2 0.9 (3.3)

VM Ireland59.9 51.2 17.0 7.3 180.3 178.3 1.1 (3.6)

Consolidated Liberty Telecom365.3 362.2 0.9 1,484.1 1,470.5 0.9

Liberty Growth(14.4)(19.1)24.6 35.0 (38.6)(18.2)(112.1)32.5

Liberty Services & Corporate(61.1)(75.2)18.8 23.9 (129.3)(170.5)24.2 21.8

Consolidated intercompany eliminations(11.2)(20.1)N.M.N.M.(41.2)(122.0)N.M.N.M.

Total consolidated$278.6 $247.8 12.4 (0.9)$1,275.0 $1,159.8 9.9 0.2

Nonconsolidated 50% owned Liberty Telecom:

VMO2 JV

$1,166.8 $1,126.5 3.6 (0.2)$4,662.8 $4,503.4 3.5 0.4

VodafoneZiggo JV $495.7 $468.4 5.8 (3.4)$1,977.7 $2,033.9 (2.8)(6.9)

3

Subscriber Variance Table — December 31, 2025 vs. September 30, 2025

Fixed-Line Customer

RelationshipsBroadband SubscribersTota

2025
Q3

Q3 2025 Earnings

8-K

Oct 30, 2025

0001570585-25-000224

EX-99.1

2 ex991lgq32025pressrelease.htm

EX-99.1

Document

Exhibit 99.1

Driving value creation across our strategic pillars including reshaped corporate operating model

Denver, Colorado: October 30, 2025 - Liberty Global Ltd. announces its Q3 2025 financial results.

CEO Mike Fries stated, “In the third quarter, we continued to execute against our key strategic initiatives. Despite challenging competitive environments across our Telecom markets, our operations each showed signs of commercial progress. Liberty Growth saw the conclusion of an outstanding Season 11 at Formula E, with fan engagement and TV viewership at record levels, while our data center assets continued to appreciate during the quarter. At Liberty Services & Corporate, we implemented an extensive program to reshape our operating model, driving cost efficiencies and resulting in a more agile platform going forward with Liberty Blume and Liberty Tech well-positioned to create value. An unwavering focus on fostering, crystallizing and delivering value to shareholders remains our top priority.

•Liberty Telecom: Our telco operations in the UK, Netherlands and Ireland all delivered improved net adds across both their broadband and postpaid commercial results in Q3, while Belgium remained broadly stable. VMO2 successfully launched giffgaff broadband, underpinning its multi-brand approach in fixed alongside a similar strategy in mobile. VodafoneZiggo's new strategic plan helped deliver its best quarterly broadband performance in over two years and in October, VodafoneZiggo launched a 2 Gbps offering, reaching nearly 7 million homes by year-end. Lastly, in Belgium the authorities launched a market test to assess the proposed network collaboration between Telenet, Wyre, Proximus and Fiberklaar; this is a significant step towards finalizing the agreement. Additionally, the recent €4.35B1 underwritten financing for Wyre fully funds the fiber build-out and reduces Telenet servco leverage.

•Liberty Growth: Our portfolio remains concentrated, with the top six investments2 comprising >80% of its $3.4B3 FMV. Formula E concluded a record growth year, with a double-digit increase in the global fanbase year-over-year and 17% growth in cumulative TV-viewership to 561 million. With Gen4 coming in Season 13, and a great schedule already set for Season 12, we could not be more excited about the path ahead for Formula E. We remain committed to our non-core asset disposal target of $500-750m, with the recent partial ITV stake sale taking us to ~$300m4 of proceeds YTD.

•Liberty Services and Corporate: We implemented a significant reshaping of our corporate operating model in the third quarter, driving a material improvement in our projected Adj. EBITDA outlook. Including run-rate cost savings across Liberty Corporate and Liberty Tech, we now anticipate that our 2026 negative Adj. EBITDA will be ~$100m5, a 50% reduction from our run-rate going into 2025. We continue to view our tech-enabled back office (Liberty Blume) and technology (LG Tech) platforms as potential sources of value creation going forward.

1

Guidance update: In the UK, we are confirming expected growth in combined consumer and wholesale revenue (excluding handsets and nexfibre construction) and are reviewing the impact of the Daisy M&A transaction on B2B6. Following our corporate reshaping and associated cost savings, we now expect an improved outlook for Liberty Services & Corporate Adj. EBITDA of approximately negative $150m for full year 20255, an improvement from negative ~$175m at our Q2 upgrade and <$200m negative in our original 2025 guidance.

Recent announcement regarding Liberty Global’s board of directors

Liberty Global announced yesterday that Dr. John C. Malone, Chairman of Liberty Global’s board of directors (“Board”), will step down from the Board effective January 1, 2026 and transition to Chairman Emeritus. In this capacity, Dr. Malone will continue to provide active counsel and strategic insight to Liberty Global and may attend board meetings, but will not have a formal vote on Board matters.

Mike Fries, Liberty Global’s Chief Executive Officer and Vice Chairman, has been elected by the Board to succeed Dr. Malone as Chairman. Mr. Fries has served as CEO since the Company’s formation in 2005 and will continue in his role as CEO going forward.

Link to: "Dr John C. Malone to Transition to Chairman Emeritus of Liberty Global Ltd."

2

Key Summary of Operating and Financial Highlights8,9

Three months ended September 30,Increase/(decrease)Nine months ended September 30,Increase/(decrease)

20252024Reported %Rebased %20252024Reported %Rebased %

in millions, except % amounts

Revenue

Telenet$804.9 $785.2 2.5 (3.6)$2,365.6 $2,302.9 2.7 (0.1)

VM Ireland122.2 119.8 2.0 (3.9)360.8 362.8 (0.6)(3.3)

Consolidated Liberty Telecom927.1 905.0 2.4 2,726.4 2,665.7 2.3

Liberty Growth59.7 15.3 290.2 54.1 293.6 43.8 570.3 3.8

Liberty Services & Corporate263.9 214.3 23.1 12.8 744.5 711.2 4.

2025
Q2

Q2 2025 Earnings

8-K

Aug 1, 2025

0001570585-25-000184

EX-99.1

2 ex991lgq22025pressrelease.htm

EX-99.1

Document

Exhibit 99.1

Executing on mission to create and unlock value for Liberty shareholders

Denver, Colorado: August 1, 2025 - Liberty Global Ltd. announces its Q2 2025 financial results.

CEO Mike Fries stated, “In the second quarter, we continued to execute across our strategic pillars – Liberty Growth, Liberty Telecom and Liberty Services & Corporate, with an unwavering focus on creating and delivering value to shareholders. We are encouraged to see our strategy to unlock value succeeding, with Sunrise continuing to trade higher post-spin, particularly when factoring in its inaugural dividend payment which was paid in May.

•Our Liberty Telecom operations remain focused on improving commercial momentum against the continued backdrop of intense competition. At VodafoneZiggo, we saw early signs of improving fixed-line performance under its new strategic plan. Telenet delivered another solid quarter, with positive broadband growth and a return to mobile postpaid additions. VMO2 is nearing the completion of its acquisition of the B2B business Daisy, bolstering our growth ambitions in this segment, whilst continuing to deliver Adj. EBITDA3 growth in Q2.

•Strategically we continue to invest in our network positions with VMO2 set to benefit significantly over time through the acquisition of spectrum from Vodafone/3, which will take our total spectrum share to ~30% in the UK. Ireland remains on track with its accelerated FTTH upgrade program, including the addition of a new wholesale customer during the quarter. Wyre and Proximus have strongly progressed to reach an agreement in principle regarding the fixed network sharing initiative and anticipate the start of a market test in September.

•Our Liberty Growth portfolio FMV increased to $3.4 billion1 during the quarter, with the top six investments2 now comprising over 80% of the overall portfolio's value. Formula E hosted its flagship race quarter, including stops in Monaco, Miami and Tokyo, with cumulative viewership for season 11 now expected to surpass 500 million. Lastly, we exited our Vodafone collar position and continue to target $500-750m of non-core asset disposals this year.

•Our Liberty Services platforms in Finance and Tech continue making progress, with new client wins at Liberty Blume, our financial services business, during the second quarter.

•Finally, following the successful spin-off of Sunrise in November 2024, we are currently working on opportunities to separate our remaining core operating units and/or assets to unlock the conglomerate discount in our stock. The unique structure of our balance sheet and holdings provides us with the flexibility to pursue additional spin-offs, tracking stocks, IPOs and other transactions, in multiple combinations. The specific timing of these transactions is to be determined, but we are targeting completion of one or more in the next 12 to 24 months. It’s also important to note that none of these potential transactions are dependent on M&A in any of our existing markets.

1

We are reconfirming all guidance metrics for our Liberty Telecom operations while raising Telenet's Adj. EBITDAaL outlook4. In addition, we now expect an improved outlook for Liberty Services & Corporate Adj. EBITDA of negative ~$175m for 20254, driven by cost optimization initiatives."

2

Key Summary of Operating and Financial Highlights5,6

Three months ended June 30,Increase/(decrease)Six months ended June 30,Increase/(decrease)

20252024Reported %Rebased %20252024Reported %Rebased %

in millions, except % amounts

Revenue

Telenet$801.0 $755.1 6.1 0.6 $1,560.7 $1,517.7 2.8 1.7

VM Ireland122.8 120.0 2.3 (3.0)238.6 243.0 (1.8)(2.9)

Consolidated Liberty Telecom923.8 875.1 5.6 1,799.3 1,760.7 2.2

Liberty Growth137.3 14.2 866.9 36.6 233.9 28.5 720.7 (4.2)

Liberty Services & Corporate246.1 241.4 1.9 (7.1)480.6 496.9 (3.3)(9.2)

Consolidated intercompany eliminations(38.1)(72.8)N.M.N.M.(73.5)(136.9)N.M.N.M.

Total consolidated$1,269.1 $1,057.9 20.0 1.8 $2,440.3 $2,149.2 13.5 (1.8)

Nonconsolidated 50% owned Liberty Telecom:

VMO2 JV

$3,373.5 $3,375.4 (0.1)(5.5)$6,499.8 $6,658.2 (2.4)(4.9)

VodafoneZiggo JV $1,123.3 $1,091.6 2.9 (2.4)$2,175.3 $2,205.6 (1.4)(2.5)

Earnings (loss) from continuing operations

Liberty Global Consolidated$(2,773.8)$324.1 (955.8)$(4,097.1)$958.6 (527.4)

Liberty Growth$(25.8)$(3.1)(732.3)$(39.1)$(7.8)(401.3)

Liberty Services & Corporate$(2,711.1)$434.5 (724.0)$(4,117.3)$1,151.5 (457.6)

Adjusted EBITDA

Telenet$337.9 $311.9 8.3 2.8 $639.5 $620.3 3.1 1.8

VM Ireland41.4 45.7 (9.4)(14.1)78.6 85.7 (8.3)(9.5)

Consolidated Liberty Telecom379.3 357.6 6.1 718.1 706.0 1.7

Liberty Growth(8.5)1.0 (950.0)68.3 (0.1)0.6 (116.7)94.4

Liberty Services & Corporate(25.5)(25.9)1.5 (12.6)(38.1)(56.2)32.2 16.0

Consolidated intercompany eliminations(10.0)(35.1)N.M.N.M.(20.0)(69.8)N.M.N.M.

Total consolidated$335.3 $297.6 12.7 5.8 $659.9 $580.6 13.7 3.9

Nonconsolidate

2025
Q1

Q1 2025 Earnings

8-K

May 2, 2025

0001570585-25-000115

EX-99.1

2 ex991lgq12025pressrelease.htm

EX-99.1

Document

Exhibit 99.1

Reconfirming commitment to create and deliver value to shareholders

Denver, Colorado: May 2, 2025 - Liberty Global Ltd. today announces its Q1 2025 financial results.

CEO Mike Fries stated, “In our year-end investor call we outlined the core strategies we are undertaking to create and deliver value to shareholders following the successful spin-off of our Swiss subsidiary Sunrise. We made good progress on these plans in the first quarter of 2025.

•Our Liberty Telecom operations demonstrated resilience in competitive markets, with Virgin Media O2 returning to growth in revenue and Adjusted EBITDA1, and VodafoneZiggo launching the first of a series of initiatives to regain commercial momentum.

•Financing and monetizing our network infrastructure remains a key priority, with Virgin Media Ireland expected to reach 80% of homes with fiber by year-end, and Telenet advancing discussions on rationalizing the fiber market in Flanders with Proximus. In the UK, we have decided to pause VMO2's potential NetCo stake sale process to align with our JV partner, but remain opportunistic on both network upgrade and development opportunities.

•In our Liberty Growth portfolio, we remain committed to realizing $500-$750 million of asset disposals and to prioritizing our scale-based investments, including Formula E which has had a successful launch to Season 11 of the global racing championship.

•The FMV of the portfolio increased to $3.3 billion2, with the top seven investments still comprising ~75% of the value.

•And our Liberty Services platforms in finance and tech continue to scale and generate positive Adj. EBITDA and Adj. EBITDA less P&E Additions, with Liberty Blume officially launching its B2B marketing campaign.

Across the group, our clear focus on unlocking shareholder value remains, as we resumed buybacks during the quarter towards our 'up to 10% of shares' target for 2025. The balance sheets of our core operating businesses are strong with no maturities until 20283, and low borrowing costs. Finally, it's worth noting that Sunrise continues to trade well in the current macro environment following the spin-off, at over $10 per share of implied value to Liberty Global shareholders.

Our guidance at the Liberty Global corporate level remains unchanged, as does the guidance for all of our Liberty Telecom operations with the exception of VodafoneZiggo where we have revised guidance to align with management's new long-term growth strategy."

1

Key Summary of Operating and Financial Highlights4,5

Three months ended March 31,Increase/(decrease)

20252024Reported %Rebased %

in millions, except % amounts

Revenue

Telenet$759.7 $762.6 (0.4)2.7

VM Ireland115.8 123.0 (5.9)(2.9)

Consolidated Liberty Telecom875.5 885.6 (1.1)

Liberty Growth96.6 14.3 575.5 (32.8)

Liberty Services & Corporate234.5 255.5 (8.2)(11.3)

Consolidated intercompany eliminations(35.4)(64.1)N.M.N.M.

Total consolidated$1,171.2 $1,091.3 7.3 (5.3)

Nonconsolidated 50% owned Liberty Telecom:

VMO2 JV

$3,126.3 $3,282.8 (4.8)(4.2)

VodafoneZiggo JV $1,052.0 $1,114.0 (5.6)(2.6)

Earnings (loss) from continuing operations

Liberty Global Consolidated$(1,323.3)$634.5 (308.6)

Liberty Growth$(13.3)$(4.7)(183.0)

Liberty Services & Corporate$(1,406.2)$717.0 (296.1)

Adjusted EBITDA

Telenet$301.6 $308.4 (2.2)0.8

VM Ireland37.2 40.0 (7.0)(4.1)

Consolidated Liberty Telecom338.8 348.4 (2.8)

Liberty Growth8.4 (0.4)2,200.0 (36.3)

Liberty Services & Corporate(12.6)(30.3)58.4 44.9

Consolidated intercompany eliminations(10.0)(34.7)N.M.N.M.

Total consolidated$324.6 $283.0 14.7 2.0

Nonconsolidated 50% owned Liberty Telecom:

VMO2 JV

$1,073.4 $1,073.6 — 0.6

VodafoneZiggo JV $463.1 $519.0 (10.8)(8.0)

Subscriber Variance Table — March 31, 2025 vs. December 31, 2024

Fixed-Line Customer

RelationshipsBroadband SubscribersTotal RGUsPostpaid Mobile Subscribers

Consolidated Reportable Segments:

Telenet (11,800)(2,100)(43,900)(3,700)

VM Ireland(2,000)(1,000)(11,500)900

Total Consolidated Reportable Segments(13,800)(3,100)(55,400)(2,800)

Nonconsolidated Reportable Segments:

VMO2 JV(46,000)(44,000)(286,500)(122,800)

VodafoneZiggo JV(40,500)(31,000)(135,900)29,100

2

VMO2 delivers growth in guided revenue and Adjusted EBITDA metrics and reaffirms all 2025 guidance

VMO2’s first quarter results saw a return to growth in both revenue and Adj. EBITDA on a guidance basis, representing a sequential improvement versus Q4. Despite a highly competitive environment, VMO2 continues to drive more value across the fixed base, maintaining ARPU growth. In mobile, the planned acquisition of spectrum from the VOD/3 merger will further strengthen VMO2’s network position, alongside customer and digital initiatives to improve commercial momentum.

Highlights for Q1

•Fixed strategy update: Announcing pause of NetCo stake sale process to align with JV partner's strategic review; also adjusting nexfibre’s bu

2024
Q4

Q4 2024 Earnings

8-K

Feb 18, 2025

0001570585-25-000022

EX-99.1

2 ex991lgq42024pressrelease.htm

EX-99.1

Document

Exhibit 99.1

Liberty Global Reports Q4 and FY 2024 Results

Achieved all full-year guidance targets at Telenet and VMO2, while VodafoneZiggo delivered stable revenue and met all other metrics

$2.2 billion cash balance supported by ~$900 million of non-core asset disposals; further $500 million to $750 million targeted in 2025

Successfully completed Sunrise spin in November; representing a CHF 3.0 billion1 tax-free dividend to Liberty Global shareholders

Record year for shareholder remuneration supported by ~$700 million buyback in 2024; announcing a further buyback program of up to 10% of shares outstanding in 2025

Denver, Colorado: February 18, 2025

Liberty Global Ltd. today announced its Q4 2024 financial results.

CEO Mike Fries stated, “In 2024 we successfully managed through what continues to be a challenging competitive environment, including difficult prior year comparisons in Q4, to achieve all full-year guidance metrics across our Liberty Telecom businesses, with the exception of the stable revenue result at VodafoneZiggo. Fixed ARPU grew across all of our core Liberty Telecom assets during both the quarter and the full year, and in Belgium and the U.K. we delivered growth in broadband net adds for Q4. We're well-positioned to defend and grow market share, with our main brands underpinning value in premium segments and our flanker brands driving growth in low-cost segments, all underpinned by customer centricity, digital and AI initiatives, and our next-generation networks.

We continue to invest in our fiber-rich networks, with FTTH programs ramping across the U.K., Belgium, and Ireland. In the U.K., we now reach 6.4 million2 premises with fiber, and preparations for a fixed NetCo are progressing on track with a perimeter now defined. In Belgium, our fiber sharing agreement with Proximus is pending regulatory approval, and we've successfully secured commitments for a standalone €500 million capex facility for our NetCo in that market called Wyre. In mobile, VMO2 continues to advance its 5G network, with outdoor coverage now reaching 75% of the U.K., and further improvements to be underpinned by the acquisition of spectrum from Vodafone-Three, which is expected to occur later this year.

During the quarter, we successfully increased our stake in Formula E to 66%. As a global championship with ~400 million racing fans, the business is on an impressive trajectory, and with our control position we're excited to unlock its future growth potential. Elsewhere in our Liberty Growth portfolio, we continue rotating capital into scale-based businesses with unique opportunities to create value. Our top

1

seven investments now account for 75% of the portfolio's FMV, and following the ~$900 million3 in proceeds from non-core asset disposals since October 2023, we're targeting a further $500 million to $750 million in 2025.

Our balance sheet remains strong, with over $2.2 billion(i) of consolidated cash, an average long-term debt tenor of ~5 years4, and no material debt repayments until 2028. The year-end cash balance reflects the $1.6 billion capital injection into Sunrise ahead of its November spin, funded by less than $1 billion of corporate cash, ~$420 million from the sale of our stake in All3Media, and Sunrise Adj FCF. Dividend distributions of ~$600 million were received from VMO2 and VodafoneZiggo during Q4.

2024 was a record year for shareholder remuneration at Liberty Global. In November we successfully distributed 100% of the shares of our Swiss subsidiary Sunrise to shareholders, resulting in a CHF 3 billion tax-free dividend. The combined trading performance of both LBTY and Sunrise has demonstrated the inherent value embedded in our telco businesses, with Sunrise now trading at nearly 8x Adj EBITDA (versus 5.5x for Liberty Global). On top of this, we completed a ~$700 million buyback program to repurchase ~10% of our shares during the year, ending with ~349 million shares outstanding.

In 2025 we remain laser-focused on unlocking further value for shareholders. We'll continue to position our Liberty Telecom assets for opportunistic transactions that crystallize and, in time, distribute value to shareholders. We will focus on the inherent value of our fixed networks and, specifically, seek to raise capital for our fiber NetCos in Belgium and the U.K. Finally, we continue to see compelling value in our stock and we're announcing today a buyback program of up to 10% of shares outstanding in 2025.

(i)Including amounts held under separately managed accounts (SMAs).

Q4 Operating Company Highlights

(Consolidated)

Telenet delivers on all 2024 financial guidance

Operating highlights: During Q4, Telenet delivered a return to positive broadband net adds of 3,200, supported by the nationwide launch of the BASE FMC offer in June last year. Since launching, BASE has sold over 25,000 broadband subscriptions. In mobile, the postpaid base dec

2024
Q4

Q4 2024 Earnings

8-K

Feb 18, 2025

0001570585-25-000024

EX-99.1

2 ex991virginmediairelandfix.htm

EX-99.1

Document

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 fixed-income borrowing group, for the three months (“Q4”) and year ended December 31, 2024 as compared to the results for the same periods in the prior year (unless otherwise noted). The financial and operating information contained herein is preliminary and subject to change. We expect to issue the December 31, 2024 audited financial statements for VM Ireland prior to the end of April 2025.

Tony Hanway, CEO of Virgin Media Ireland, commented:

“2024 was an important year for us as we continued to drive the transformation of Virgin Media Ireland into a full fiber operator and bring the Virgin Media brand to more homes and businesses across Ireland. Momentum in both deploying fiber and selling fiber connections continues to build; at the end of Q4 around half of our over one million premises had been constructed for fiber services and we had almost 50k fiber customers on our network, including Wholesale customers. In areas our network doesn’t reach, we’re successfully selling our ultrafast broadband and television services into NBI and SIRO areas. Including our offnet footprint we now cover 1.4 million addressable homes, and we expect this to grow further. While capex will remain elevated in 2025, our investments in these strategic initiatives remain key to maintaining market share in a highly competitive environment and driving long-term growth.”

Operating and strategic highlights:

•Continued to deliver on our full fiber upgrade project, with approximately half of our premises upgraded to full fiber at the end of Q4

•Continued to drive momentum in selling superfast broadband and digital television services into NBI and SIRO areas our network doesn’t reach

•Mobile postpaid net losses of 400 in Q4

•Fixed customer net losses of 1,900 in Q4 improved sequentially and YoY

Financial highlights:

•FY 2024 revenue of €454.3 million decreased 2.9% YoY

•Q4 revenue of €120.6 million decreased 3.0% YoY, as lower fixed and mobile revenue resulting from the intense competitive environment was only partially offset by strong growth in B2B wholesale revenue

•Q4 residential fixed revenue of €70.1 million decreased 5.0% YoY

1

◦Fixed subscription revenue decreased 5.2% YoY, driven by (i) lower customer volumes and (ii) lower ARPU YoY

•Q4 residential mobile revenue of €10.1 million decreased 6.5% YoY

◦Mobile subscription revenue decreased 6.2% YoY, due to lower customer volumes and a decline in mobile ARPU

◦Mobile non-subscription revenue decreased 7.4% YoY, primarily due to lower interconnect revenue

•Q4 B2B revenue of €10.9 million increased 14.7% YoY, driven by growth in Wholesale

•Q4 other revenue of €29.5 million decreased 2.3% YoY, primarily due to lower programming revenue

•FY 2024 net earnings (loss) increased 153.4% YoY to €4.7 million

•Q4 net earnings increased 134.6% YoY to €11.9 million, primarily driven by an increase in realized and unrealized gains on derivative instruments

•FY 2024 Adjusted EBITDA of €165.0 million decreased 1.6% YoY

•Q4 Adjusted EBITDA of €48.0 million increased 10.6% YoY, primarily driven by (i) lower programming costs, (ii) a decrease in sales and marketing costs due to the timing of campaigns and (ii) a decrease in labor costs, partially offset by higher customer care costs

•Q4 property and equipment (“P&E”) additions of €45.2 million remained stable YoY, as higher new build and upgrade spend related to the increased pace of our fiber upgrade program was offset by lower CPE spend

◦P&E additions as a percentage of revenue increased to 37.5% in Q4 2024, as compared to 36.4% in the prior year period

•FY 2024 Adjusted EBITDA less P&E Additions of €4.5 million increased 2.3% YoY

•Q4 Adjusted EBITDA less P&E Additions of €2.8 million increased 255.6% YoY

•At December 31, 2024, our fully-swapped third-party debt borrowing cost was 4.0% and the average tenor of our third-party debt was 4.5 years

•At December 31, 2024, and subject to the completion of our corresponding compliance reporting requirements, the ratios of Net Senior Debt and Net Total Debt to Annualized EBITDA (last two quarters annualized) were both 5.12x, each as calculated in accordance with our most restrictive covenants and reflecting the exclusion of the Credit Facility Excluded Amounts as defined in our respective credit agreements

◦If we were to not reflect the exclusion of the Credit Facility Excluded Amounts, the ratio of Total Net De

2024
Q4

Q4 2024 Earnings

8-K

Feb 18, 2025

0001570585-25-000025

EX-99.1

2 ex991q42024release-telenet.htm

EX-99.1

Document

Exhibit 99.1

Telenet Reports Preliminary Q4 2024 Results

Delivered on our FY 2024 outlook. Strategic investments in 2025 set the stage for future healthy profitable growth.

Mechelen, February 18, 2025 – Telenet Group Holding NV (“Telenet” or the “Company”) announces its unaudited consolidated results under International Financial Reporting Standards as adopted by the European Union (“EU IFRS”) for the three months (“Q4”) and the year (“FY”) ended December 31, 2024.

John Porter, CEO of Telenet, commented:

“Our commercial performance continued to improve during the quarter despite an intense competitive environment. Broadband net additions returned to growth after moderate declines over the past two years, and our FMC growth this quarter was the highest since Q4 2022. However, our mobile postpaid subscriber base contracted slightly due to lower gross sales and more challenging market dynamics. Following the nationwide launch of our BASE FMC proposition in June last year, BASE exceeded its target of 25,000 subscriptions sold by the end of 2024.

Financially, we again delivered on our full year outlook as further detailed below. Looking ahead to 2025, we plan to accelerate investments in 5G, our next-gen video platform and digital capabilities within our telco business. This will pave the way for a reduction in capital intensity starting in 2026 and beyond. Regarding Wyre, our NetCo partnership with Fluvius, in which we own a 66.8% majority stake, we anticipate a significant ramp-up in our investments as Wyre aims to build an additional 375,000 homes passed by year-end 2025. With that, Wyre remains on track to achieve 70% FTTH penetration by 2030 and we remain committed to invest up to €2 billion in the data network of the future by the end of this decade. Last week, we successfully secured commitments for a standalone €500 million capex facility for Wyre, marking its first external financing independent from its shareholders. This funding will support Wyre’s roll-out ambitions and cater to a fully funded plan for the next few years.”

Q4 2024 Operating and Strategic Highlights

•Broadband net additions1 of 3,200 reached an inflection point after two years of decline. This improvement was driven by (i) successful year-end FMC promotions, (ii) the nationwide launch of our BASE FMC offer in June last year and (iii) a strong performance of our Eltrona brand in Luxembourg thanks to the new Internet GiGa campaign.

•Moderate contraction in our mobile postpaid subscriber base (-1,800), reflecting lower gross sales and intensified market competition, characterized by increased promotional activity.

•FMC households reached 861,000 as of December 31, 2024, an increase of 12,200, marking our best quarterly performance in two years. Our FMC customers are connected to one of the best broadband and mobile networks in our footprint and enjoy a unique premium entertainment experience, including domestic and international streaming services and sports.

•Monthly ARPU per fixed customer relationship of €63.77 increased 2.9% YoY on a reported basis driven by the June 2024 rate increase, partially offset by adverse tier mix effects.

1

FY 2024 and Q4 2024 Financial Highlights

•FY 2024 financial performance delivered in line with our outlook.

◦FY 2024 revenue remained broadly stable at €2,851.4 million, contracting 0.1% and 0.3% YoY on a reported and rebased basis, respectively. Adjusted EBITDAaL for FY 2024 was flat on a reported basis at €1,279.9 million, marking a 2.1% YoY decrease on a rebased basis. Both our revenue and Adjusted EBITDAaL for FY 2024 included a one-time impact from the recognition of previously deferred revenue of approximately €17 million. P&E Additions, excluding the recognition of football broadcasting rights and certain leases-related capital additions, of €885.8 million accounted for 31.1% of revenue for FY 2024 and Adjusted FCF reached €102.8 million, surpassing our FY 2024 guidance.

◦The above compares to our FY 2024 guidance of (i) broadly stable revenue, (ii) a mid-single digit Adjusted EBITDAaL decline on a rebased basis, (iii) P&E Additions of around 32% of revenue, excluding the recognition of football broadcasting rights and certain leases-related capital additions and (iv) Adjusted FCF between €50.0 - €75.0 million.

•Broadly stable revenue of €733.3 million in Q4 2024 decreased 0.3% YoY on a reported and rebased basis.

◦Consumer fixed revenue increased 2.3% YoY in Q4 2024 on a reported and rebased basis and included significantly higher non-subscription revenue compared to the prior year period. Consumer fixed subscription revenue remained broadly stable YoY, reflecting (i) the benefit of the June 2024 rate increase and (ii) a continued shift towards higher-tier broadband plans, partially offset by a gradual decline in fixed RGUs.

▪Broadly stable consumer fixed revenue for FY 2024, -0.2% YoY on a reported and rebased basis.

2024
Q3

Q3 2024 Earnings

8-K

Oct 30, 2024

0001570585-24-000310

EX-99.1

2 ex991q32024release-telenet.htm

EX-99.1

Document

Exhibit 99.1

Telenet Reports Preliminary Q3 2024 Results

FY 2024 guidance reaffirmed following strong financial results and an improved trend in our operating performance

Mechelen, October 29, 2024 – Telenet Group Holding NV (“Telenet” or the “Company”) announces its unaudited consolidated results under International Financial Reporting Standards as adopted by the European Union (“EU IFRS”) for the three months (“Q3”) and nine months (“9M”, or “YTD”) ended September 30, 2024.

John Porter, CEO of Telenet, commented:

“I’m pleased to see that our commercial performance continued to improve despite a challenging market backdrop. While the negative trend in our net subscriber additions continued in Q3, we recorded the best broadband and video result since Q1 2023 and Q2 2022, respectively, while our mobile postpaid net adds reached an inflection point. Having launched our BASE FMC proposition in June across the whole of Belgium, I’m excited about BASE having reached the first milestone of 10,000 broadband customers and being on track to already reach its next milestone of 25,000 subscribers by the end of this year. In parallel, we continue to see an increased adoption of our customer-centric ‘Check & Smile’ solution. Already over 283,000 customers have completed the product and network check-up, equivalent to more than half of our MyTelenet app users. On the network side, we’re making good progress with the upgrade of our 5G network, while our FTTH roll-out through our Wyre partnership with Fluvius is significantly ramping up. On the financial side, we posted strong results, as further detailed below, which puts us well on track to confirm our full year outlook. Together with our strong balance sheet position, characterized by total liquidity of €1,576.0 million and no debt repayments prior to 2028 excluding the amounts due under our vendor financing program, this positions us well for the future.”

Q3 2024 Operating and Strategic Highlights

•Improved commercial performance despite a challenging market backdrop, characterized by increased promotional activity. The better performance was driven by the nationwide launch of our BASE FMC offer in June and our continued focus on customer centricity.

•Continued improvement in our net RGU loss1 trend with the lowest quarterly declines for broadband and video since Q1 2023 and Q2 2022, respectively, at -4,000 and -16,400, and 800 mobile postpaid net additions.

•FMC households totaled 848,800 at September 30, 2024, representing 49.5% of broadband RGUs. Our FMC customers are connected to one of the best broadband and mobile networks in our footprint and have access to the richest premium entertainment experience, including domestic and international streaming services and sports. With the exclusive Premier League broadcasting rights extended through 2027/28 and the UEFA Champions League rights secured, Play Sports is now firmly the “home of European football”.

•Monthly ARPU per fixed customer relationship of €63.86, up 2.3% YoY on a reported basis as a result of the June 2024 rate increase, partially offset by adverse tier mix effects.

1

Q3 2024 Financial Highlights

•Broadly stable revenue of €714.3 million, +0.3% YoY on a reported and rebased basis.

◦Consumer fixed revenue remained broadly stable on a reported and rebased basis (-0.9% YoY) as the benefit of the June 2024 rate increase was more than offset by the lower customer base.

◦Consumer mobile revenue decreased 6.1% YoY on a reported and rebased basis, reflecting (i) substantially lower interconnect revenue, (ii) a decline in revenue from handset sales and (iii) 1.4% lower subscription revenue following a lower prepaid subscriber base and mobile ARPU.

◦B2B revenue declined 3.5% YoY on a reported and rebased basis as a result of (i) lower wholesale revenue from the loss of the VOO MVNO contract following the acquisition by Orange Belgium and (ii) lower ICT and cybersecurity-related revenue.

◦Other revenue, which includes amongst others the advertising and production revenue from our media business, was sharply up by 36.0% and 35.6% YoY on a reported and rebased basis, respectively. The increase in other revenue reflected (i) the one-off impact of the recognition of previously deferred revenue of approximately €17 million during Q3 2024 and (ii) higher programming and advertising revenue from our commercial Play broadcasting channels.

•Net loss of €15.1 million compared to a net profit of €439.2 million in Q3 2023, which included a €346.1 million gain related to the Wyre Transaction which closed on July 1 last year.

◦Our net loss in the quarter was caused by €181.6 million of net finance expense, which more than offset the strong YoY increase in our operating profit. Net finance expense included (i) a €196.7 million non-cash net loss on derivatives, (ii) €113.1 million of interest expense, net foreign exchange loss and other finance expense

2024
Q3

Q3 2024 Earnings

8-K

Oct 29, 2024

0001570585-24-000305

Transcript text not available. View on SEC.gov →

2024
Q3

Q3 2024 Earnings

8-K

Oct 29, 2024

0001570585-24-000306

EX-99.1

2 ex991fixedincomeq32024rele.htm

EX-99.1

Document

Exhibit 99.1

Q3 2024 Fixed Income Release

Denver, Colorado October 29, 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 (“Q3”) ended September 30, 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 to issue the September 30, 2024 unaudited financial statements for each of our fixed-income borrowing groups prior to the end of November 2024. Convenience translations provided herein are calculated as of September 30, 2024.

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VM Ireland Reports Preliminary Q3 2024 Results

Continued to drive strong B2B revenue growth through our recent entry into Wholesale access

Upgraded around 45% of our premises to full fiber at the end of Q3 as we continue to accelerate program

Sequential and YoY improvement in fixed and mobile postpaid net adds

VM Ireland is the leading connected entertainment fixed-line and broadband business in Ireland, delivering connectivity services to 395,200 fixed-line customers and mobile services to 137,100 subscribers at September 30, 2024.

Tony Hanway, CEO of VM Ireland, commented:

“During the third quarter we continued our drive towards becoming a full fiber operator - robust wholesale adds drive strong growth in our B2B segment, and we see continued momentum selling fiber services into our existing customer base. Fiber deployment continues apace with ~45% of our premises now constructed for FTTH services and with an encouraging trend of improvements in monthly fiber connections. Notwithstanding the progress we’re making in delivering on our strategic priorities, we continue to face a highly competitive market environment, and alongside the investments into our growth plan, we do see a continued impact on our overall financial performance. With our continued focus on building fiber and customer experience, we are confident that these efforts are building the strong foundations required for sustainable long-term growth.”

Operating and strategic highlights:

•Continued to deliver on our full fiber upgrade project, with around 45% of premises upgraded to full fiber at the end of Q3

•Improved momentum selling superfast broadband and digital television services into NBI and SIRO areas our network doesn’t reach

•Delivered mobile postpaid net adds of 1,500 in Q3

•Fixed customer net losses of 2,200 in Q3 improved sequentially and YoY

•Virgin Media Television launched a new streaming service, Virgin Media Play

2

Financial highlights:

•Q3 revenue of €108.9 million decreased 5.6% YoY, as lower fixed and advertising revenue due to the 2023 Rugby World Cup was only partially offset by strong growth in B2B wholesale revenue

•Q3 residential fixed revenue of €70.8 million decreased 5.6% YoY

◦Fixed subscription revenue decreased 5.4% YoY, driven by (i) lower customer volumes and (ii) lower ARPU YoY

•Q3 residential mobile revenue of €9.8 million decreased 4.9% YoY

◦Mobile subscription revenue decreased 3.7% YoY, due to lower customer volumes and a decline in mobile ARPU

◦Mobile non-subscription revenue decreased 9.5% YoY, primarily due to lower interconnect revenue

•Q3 B2B revenue of €10.1 million increased 5.2% YoY, driven by our entry into Wholesale access

•Q3 net loss increased 281.5% YoY to (€23.6 million), primarily driven by an increase in realized and unrealized losses on derivative instruments

•Q3 Adjusted EBITDA of €37.7 million decreased 10.7% YoY, primarily driven by (i) the aforementioned revenue decrease, (ii) an increase in sales and marketing costs, (iii) higher customer care costs and (iv) an increase in labor costs

•Q3 property and equipment (“P&E”) additions of €40.3 million were up 1.0% YoY, as higher new build and upgrade spend related to the increased pace of our fiber upgrade program was offset by lower baseline and product and enablers spend.

◦P&E additions as a percentage of revenue increased to 37.0% in Q3 2024, as compared to 34.6% in the prior year period

•Q3 Adjusted EBITDA less P&E Additions of €2.6 million decreased 213.0% YoY

•At September 30, 2024, our fully-swapped third-party debt borrowing cost was 4.0% and the average tenor of our third-party debt was 4.8 years

•At September 30, 2024, and subject to the completion of our corresponding compliance reporting requirements, the ratios of Net Senior Debt and Net Total Debt to Annualized EBITDA (last two quarters annualized) were both 5.29x, each as calculated in accordance with our most restrictive covenants and

2024
Q2

Q2 2024 Earnings

8-K

Jul 25, 2024

0001570585-24-000238

Transcript text not available. View on SEC.gov →

2024
Q2

Q2 2024 Earnings

8-K

Jul 25, 2024

0001570585-24-000239

Transcript text not available. View on SEC.gov →

2024
Q2

Q2 2024 Earnings

8-K

Jul 25, 2024

0001570585-24-000240

Transcript text not available. View on SEC.gov →

2024
Q1

Q1 2024 Earnings

8-K

May 1, 2024

0001570585-24-000137

EX-99.1

2 ex991lgq12024pressrelease.htm

EX-99.1

Document

Exhibit 99.1

Liberty Global Reports Q1 2024 Results

Significant progress against strategy to create and deliver value to shareholders, with Sunrise spin-off anticipated Q4'24

Strong balance sheet, including $3.9 billion(i) of cash and liquid securities; proactively refinanced >$2bn of 2027 maturities at VMO2

Investment in fixed and mobile networks continues, with FTTH programs on track in the U.K., Belgium and Ireland

Q1 financial performance in line with expectations and fully on track to achieve all full-year guidance targets

Denver, Colorado: May 1, 2024

Liberty Global Ltd. today announced its Q1 2024 financial results.

CEO Mike Fries stated, “On our extended fourth quarter results call we presented a clear pivot in our strategy which will see us not only focus on maximizing the long-term value of our core FMC assets, but also delivering that value directly to shareholders over time. During Q1 we made significant progress on the initiatives we announced, including our plan to spin-off Sunrise, which is on track for Q4 this year.

Our balance sheet remains in great shape, with $3.9 billion(i) of cash and liquid securities, supported by strong Adjusted FCF generation and the ability to replenish liquidity through asset sales. We recently completed a proactive $2.4 billion VMO2 refinancing where we successfully extended the average life of our total U.K. debt stack with a negligible impact to VMO2's WACD. We remain committed to shareholder remuneration, having already repurchased ~3% of our shares through April 26th against our target of up to 10% of shares by year-end. Meanwhile our Ventures portfolio, valued at $3.4 billion, represents an attractive platform to support our FMC operations, drive returns, and create significant value over time.

We continue to invest in our fiber-rich, fixed and 5G mobile networks and, while this is driving elevated capital intensity today, it remains critical to underpinning the long-term asset values of our OpCos. Our fiber upgrade projects in the U.K., Belgium and Ireland remain on track, and nexfibre recently announced it had reached the milestone of one million premises1 built in the U.K., as VMO2 fiber build capacity continues to ramp up. Meanwhile, we're continuing to invest in digital and AI initiatives to support commercial momentum and efficiencies.

Our overall financial performance in Q1 was in line with expectations, highlighted by the return to strong Adjusted EBITDA growth in the Netherlands and the return to positive broadband net adds in Switzerland. Fixed ARPU trends in the U.K. and Switzerland improved while our businesses in Belgium and the Netherlands each delivered continued fixed ARPU growth. We are on track to meet our full-year

1

2024 guidance metrics across all OpCos, with price adjustments recently announced in the U.K., the Netherlands and Belgium to support our financial targets."

(i)Including amounts held under separately managed accounts (SMAs) and our investments in ITV, Lionsgate, Vodafone and All3Media.

Q1 Operating Company Highlights

(Consolidated)

Sunrise delivered a return to positive broadband net adds and a solid financial performance in Q1

Operating highlights: During Q1, Sunrise delivered 6,200 broadband net adds, primarily driven by an improved main brand performance from customer loyalty initiatives, as well as continued trading momentum in flanker brands. In mobile, Sunrise continued to drive commercial momentum, delivering 26,000 postpaid net adds. FMC penetration remains high at 59% across the Sunrise broadband base. The spin-off is on track for Q4'24.

Financial highlights: Revenue of $854.0 million in Q1 2024 increased 5.8% YoY on a reported basis and was flat on a rebased2 basis. The flat rebased result was mainly due to (i) the positive impact of last year's July price rise and (ii) continued momentum in mobile subscription and B2B, offset by lower handset revenues. Adjusted EBITDA increased 6.2% YoY on a reported basis and 0.4% on a rebased basis to $279.3 million in Q1 2024, including $2 million of costs to capture3. The rebased increase was mainly due to lower costs to capture. Adjusted EBITDA less P&E Additions of $129.4 million in Q1 increased 13.5% YoY on a reported basis and 7.6% on a rebased basis, including $6 million of opex and capex costs to capture.

(Consolidated)

Telenet has a solid start to 2024, on track to deliver on full-year guidance

Operating highlights: During Q1, Telenet's postpaid mobile base declined by 800 while its broadband base declined by 6,000. The net subscriber trend in the first quarter continued to be impacted by higher annualized churn from the intensely competitive market environment, which more than offset the improved sales performance from Telenet's latest marketing campaigns. Wyre, Telenet's NetCo partnership with Fluvius, in which it holds a majority 66.8% stake, is well on track to achieve its FTTH rollout

2024
Q1

Q1 2024 Earnings

8-K

May 1, 2024

0001570585-24-000138

EX-99.1

2 ex991fixedincomeq12024rele.htm

EX-99.1

Document

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 to issue the March 31, 2024 unaudited financial statements for each of our fixed-income borrowing groups prior to the end of May 2024. Convenience translations provided herein are calculated as of March 31, 2024.

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VM Ireland Reports Preliminary Q1 2024 Results

Executing strategic growth plan

Launched wholesale network access to Vodafone customers in March

More than a third of our network upgraded to full fiber at the end of Q1, with build costs in line with expectations

VM Ireland is the leading connected entertainment fixed-line and broadband business in Ireland, delivering connectivity services to 401,500 fixed-line customers and mobile services to 134,200 subscribers at March 31, 2024.

Tony Hanway, CEO of VM Ireland, commented:

“In the first quarter we continued to make good progress on our key growth initiatives and saw improvements across both fixed and mobile acquisition channels. In March we launched wholesale network access to Vodafone customers, and at the end of the quarter had upgraded more than a third of our network to full fiber. Our off-net plan continues to take shape with successful NBI trials in the quarter ahead of a Q2 launch. Virgin Media Television enjoyed an award-winning quarter, achieving a record share of viewing and broadcasting the highest ever Irish audience for the Six Nations Championship. Through 2024, elevated capex spend continues to impact our financial performance as we lay the foundations for future growth.”

Operating and strategic highlights:

•Continued to deliver on our full fiber upgrade project, with more than one third of our network upgraded to full fiber at the end of Q1, with build costs in line with expectations

•Q1 mobile postpaid net losses of 200 improved sequentially, despite our continued pivot to higher ARPU FMC bundles from low value SIMs

•Fixed customer net losses of 1,300 in Q1 improved sequentially, driven by higher customer additions

•Announced fixed price rise effective May

•Announced that Virgin Media Business will launch the ‘Backing Business Community’ campaign, which aims to help businesses achieve optimal growth

•VMTV achieved a record audience for Six Nations coverage of France v Ireland, reaching 1.3 million viewers and achieving 67% of share

2

Financial highlights:

•Q1 revenue of €113.3 million decreased 1.2% YoY, as lower fixed and handset revenues were only partially offset by growth in (i) programming revenue and (ii) mobile subscription revenue

•Q1 residential fixed revenue of €72.5 million decreased 4.2% YoY

◦Fixed subscription revenue decreased 4.1% YoY, primarily driven by lower customer volumes

•Q1 residential mobile revenue of €9.9 million decreased 2.0% YoY

◦Mobile subscription revenue increased 3.9% YoY, primarily driven by strong mobile ARPU growth

◦Mobile non-subscription revenue decreased 20.8% YoY, primarily due to lower handset revenue

•Q1 B2B revenue of €9.6 million increased 3.2% YoY, primarily due to strength in SOHO and our entry into Wholesale access

•Q1 net earnings (loss) increased 257.1% YoY to €5.5 million, primarily driven by higher realized and unrealized gains on derivative instruments

•Q1 Adjusted EBITDA of €36.8 million decreased 4.9% YoY, primarily driven by (i) the aforementioned revenue decrease and (ii) the phasing of programming and costs associated with our off-net business, partially offset by (a) a decrease in labor costs and (b) improved mobile profitability

•Q1 property and equipment (“P&E”) additions of €36.3 million were up 17.5% YoY, primarily due to a step up in our investment in fiber upgrade, Wholesale and Off-Net programs

◦P&E additions as a percentage of revenue increased to 32.0% in Q1 2024, as compared to 26.9% in the prior year period

•Q1 Adjusted EBITDA less P&E Additions of €0.5 million represents a decrease of 93.6% YoY

•At March 31, 2024, our fully-swapped third-party debt borrowing cost was 3.9% and the average tenor of our third-party debt was 5.3 years

•At March 31, 2024, and subject to the completion of our corresponding compliance reporting requirements, the ratios of Net Senior Debt and Net Total Debt to Annualized EBITDA (last two quarters annualized) were both 5.23x, eac

2024
Q1

Q1 2024 Earnings

8-K

May 1, 2024

0001570585-24-000140

Transcript text not available. View on SEC.gov →

2023
Q4

Q4 2023 Earnings

8-K

Feb 15, 2024

0001570585-24-000028

EX-99.1

2 ex991fixedincomeq42023rele.htm

EX-99.1

Document

Exhibit 99.1

Q4 2023 Fixed Income Release

Denver, Colorado February 15, 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 (“Q4”) ended December 31, 2023 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 to issue the December 31, 2023 audited financial statements for each of our fixed-income borrowing groups prior to the end of April 2024. Convenience translations provided herein are calculated as of December 31, 2023.

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VM Ireland Reports Preliminary Q4 2023 Results

Continued growth in mobile subscription revenue in Q4

Launched wholesale network access to Sky customers in November

Continued to deliver on full fiber upgrade project, with almost one third of our network upgraded to full fiber at the end of Q4

VM Ireland is the leading connected entertainment fixed-line and broadband business in Ireland, delivering connectivity services to 402,800 fixed-line customers and mobile services to 134,400 subscribers at December 31, 2023.

Tony Hanway, CEO of VM Ireland, commented:

“2023 was a crucial year for Virgin Media as we successfully delivered on our key growth initiatives. We have upgraded almost one third of our network to full fiber, launched 2 GB broadband, and commenced offering wholesale network access to Sky customers. Heavy investment impacting both opex and capex will remain in 2024, as we continue to execute against our strategic priorities; our fiber upgrade, expanding our footprint to new areas, growing our wholesale business, and enhancing our market-leading customer experience. We remain laser-focused on delivering over 1 million full fiber homes by the end of 2025, allowing every customer on the Virgin Media network to benefit from speeds of up to 10 GB while enjoying our best-in-class entertainment products.”

Operating and strategic highlights:

•Continued to deliver on our full fiber upgrade project, with almost one third of our network upgraded to full fiber at the end of Q4, with build costs in line with expectations

•Q4 mobile postpaid net losses of 2,200 broadly in line with Q3, as we continue to pivot to higher ARPU FMC bundles from low value SIMs

•Fixed customer net losses were 3,900 in Q4, mainly driven by lower acquisitions and higher churn due to overbuild

•Announced an exclusive five-year naming rights deal with Munster Rugby, which will see Musgrave Park renamed ‘Virgin Media Park’

•Launched Apple TV+ on Virgin 360 set-top boxes, providing customers with the ultimate entertainment experience and reflecting our commitment to providing seamless, accessible content

2

Financial highlights:

•FY 2023 revenue of €468.1 million decreased 0.4% YoY

•Q4 revenue of €124.3 million decreased 1.8% YoY, as lower fixed revenue was only partially offset by growth in (i) programming revenue and (ii) mobile subscription revenue

•Q4 residential fixed revenue of €73.8 million decreased 3.9% YoY

◦Fixed subscription revenue decreased 3.4% YoY, primarily driven by lower volumes, offsetting growth in fixed ARPU

•Q4 residential mobile revenue decreased 5.3% YoY

◦Mobile subscription revenue increased 5.2%, primarily driven by strong mobile ARPU growth

◦Mobile non-subscription revenue decreased 27.0% YoY, primarily due to lower handset revenue

•Q4 B2B revenue increased 2.2% YoY, primarily due to strength in SOHO

•FY 2023 net earnings (loss) decreased to (€8.8 million)

•Q4 net earnings (loss) decreased 279.2% YoY to (€34.4 million), primarily driven by (i) higher realized and unrealized losses on derivative instruments and (ii) an increase in interest expense

•FY 2023 Adjusted EBITDA decreased 10.7% YoY on a reported basis and 3.7% YoY on a rebased1 basis

•Q4 Adjusted EBITDA decreased 2.3% YoY on a reported basis and increased 6.1% on a rebased basis, primarily driven by (i) lower IT & Systems costs following the prior year acceleration in spend and (ii) a decrease in programming costs

•Q4 property and equipment (“P&E”) additions of €45.2 million were down 13.9% YoY, primarily due to the phasing of our investment in fiber upgrade, Wholesale and Off-Net programs

◦P&E additions as a percentage of revenue decreased to 36.4% in Q4 2023, as compared to 41.5% in the prior year period

•FY 2023 Adjusted EBITDA less P&E Additions of €4.4 million represents a decrease of 92.2% YoY on a reported basis and 86.6% on a rebased basis

•Q4 Adjusted EBITDA less P&E Additions of (€1.8 million) represents an incr

2023
Q4

Q4 2023 Earnings

8-K

Feb 15, 2024

0001570585-24-000029

EX-99.1

2 ex991q42023release-telenet.htm

EX-99.1

Document

Exhibit 99.1

Telenet Reports Preliminary Q4 and FY 2023 Results

Full year 2023 outlook achieved across all metrics despite macro-economic and competitive backdrop

Mechelen, February 15, 2024 – Telenet Group Holding NV (“Telenet” or the “Company”) announces its unaudited consolidated results under International Financial Reporting Standards as adopted by the European Union (“EU IFRS”) for the three months (“Q4”) and the year (“FY” or “YTD”) ended December 31, 2023.

John Porter, CEO of Telenet, commented:

“I’m pleased that we have managed to deliver on all our financial targets as set in February last year, despite a challenging market backdrop. Our latest marketing campaigns centered around our Fixed Mobile Convergence (“FMC”) propositions and targeted hardware promotions drove improved commercial momentum in Q4, which underpins the attractiveness of our offers and shows we’re back on the right trajectory. Our net subscriber performance in the fourth quarter, although visibly improving versus the third quarter, continued to be impacted by elevated churn. Looking ahead, I’m excited about our roadmap for 2024, which includes, amongst others, (i) the upcoming launch of our FMC offering in Wallonia, creating a new avenue of growth for us, (ii) the accelerated roll-out of fiber homes in our footprint in Flanders and parts of Brussels through our Wyre partnership with Fluvius, (iii) our commitment to regain commercial agility in our footprint, (iv) continued B2B growth following several large government contract wins last year and (v) a recovery of our media business in 2024 despite certain external challenges. While some of these strategic initiatives will adversely impact our profitability in 2024 as further detailed in our FY 2024 outlook below, I am convinced they help to pave the way for healthy profitable growth in the future.”

Operating and strategic highlights:

•Much enhanced sales trend in Q4 2023 resulting from our latest marketing campaigns, including our Unlimited ONE campaign and targeted hardware promotions

•Annualized churn remains relatively elevated due to the intensely competitive environment and the impact of the IT platform migration issues we encountered throughout 2023, impacting our net additions in the quarter

•Improved net subscriber performance1 in the quarter across both our fixed and mobile products versus Q3 2023 (improvements in FMC: 16,100, broadband: 8,300, mobile postpaid: 5,900, video: 4,200 and fixed-line telephony: 500)

•FMC households totaled 843,600 at December 31, 2023 (+9,900 in Q4 2023), representing 48.8% of broadband RGUs. Our FMC customers continue to have access to one of the best broadband and mobile networks in our footprint according to Testaankoop and the richest premium entertainment experience, including domestic and international streaming services and sports

•Monthly ARPU per fixed customer relationship of €62.00 in Q4 2023, up 2.8% YoY on a reported basis as a result of the June 2023 rate increase, partially offset by an average lower RGU count and Eltrona’s lower ARPU customer base

•Our NetCo partnership with Fluvius, called Wyre, in which we hold a 66.8% shareholding, went live in July 2023 and executes a clear roadmap to speeds of up to 10 Gbps across its entire footprint in Flanders and parts of Brussels through a mixture of FTTH and DOCSIS technologies and through a combination of own build and/or a potential collaboration with external partners. At the end of 2023,

1

construction started on over 100,000 homes and will further accelerate in 2024 to reach a peak roll-out to approximately 450,000 homes per annum as of 2025. Therefore, Wyre remains on track to reach 70% FTTH coverage by end-2029

•We further strenghtened our leading market positioning in both premium entertainment and sports in Q4 2023. Streamz, our 50/50 joint venture with DPG Media, signed a new licensing agreement with Paramount, enriching its streaming platform with Paramount’s series and movies as well as new releases through Paramount+. Play Sports secured the non-exclusive broadcasting rights for the UEFA Champions League for a three-year period as from the 2024-2025 season, while having renewed the broadcasting rights for the UEFA Europe League and the UEFA Conference League on an exclusive basis. With that, Play Sports continues to have the best sports offering in the market

Financial highlights:

•FY 2023 outlook achieved across all financial metrics

◦Revenue growth (rebased2) of +1.3% YoY, in line with our guidance of between 1-2%, marking the third consecutive year of organic top line growth

◦Stable Adjusted EBITDAaL (rebased) in line with our broadly stable outlook

◦Property and equipment (“P&E”) additions as a percentage of revenue of 26.4% versus around 26% guided

◦Achieved Adjusted Free Cash Flow guidance of around €250.0 million. Reported Adjusted Free Cash Flow of €241.6 million, including the €7.

About Liberty Global Ltd. (LBTYA) Earnings

This page provides Liberty Global Ltd. (LBTYA) earnings call transcripts from SEC 8-K filings along with AI-powered predictions for post-earnings price movements. Our machine learning models analyze historical earnings data, pre-earnings price patterns, volume changes, and volatility to predict 1-day, 5-day, and 20-day returns after each earnings release.

Earnings transcripts are sourced directly from SEC EDGAR filings. Predictions are generated using gradient boosting models trained on LBTYA's historical earnings reactions. All predicted returns are shown as percentages, and predicted prices are calculated from the closing price at the time of prediction. Past performance does not guarantee future results.

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