In This Article:
Liberty Global’s LBTYA profit from continuing operations in the fourth quarter of 2024 amounted to $2,334.2 million. The company had incurred a loss of $3,363.6 million in the year-ago quarter.
Revenues increased 9.7% year over year to $1,123.2 million. On a rebased basis, revenues rose 7.7% year over year.
Liberty Global Ltd Price, Consensus and EPS Surprise
Liberty Global Ltd price-consensus-eps-surprise-chart | Liberty Global Ltd Quote
Find the latest earnings estimates and surprises on Zacks Earnings Calendar.
Top-Line Details
Total average revenue per unit (ARPU) per fixed customer relationship increased 1% year over year to $64.47. On a rebased basis, the figure increased 2%.
Mobile ARPU (including interconnect revenues), on a reported basis, decreased 2.8% to $18.16. On a rebased basis, the figure dropped 1.8%.
Mobile ARPU (excluding interconnect revenues), on a reported basis, remained unchanged at $16.83.
As of Dec. 31, 2024, the mobile subscriber count included approximately 195,100 prepaid mobile subscribers from Telenet in Belgium, 7,369,800 from the VMO2 Joint Venture (JV) and 284,500 from the VodafoneZiggo JV.
In total, Liberty Global lost 8,800 customer relationships in the fourth quarter compared with a loss of 17,400 in the year-ago quarter.
On a reported basis, Belgium's revenues decreased 1.4% year over year to $781.5 million.
In Belgium, Liberty Global lost 4,600 customer relationships compared with a loss of 12,600 in the year-ago quarter.
On a reported basis, Ireland's revenues declined 3.8% to $128.6 million.
The company lost 1,900 customer relationships in Ireland compared with a loss of 3,900 in the year-ago quarter.
Liberty Growth, on a reported basis, climbed 118% to $35.1 million.
In Slovakia, Liberty Global lost 2,300 customer relationships compared with a loss of 900 in the year-ago quarter.
Joint Venture Details
Telenet revenues of $781.5 million decreased 1.4% year over year on a reported basis and 0.4% on a rebased basis. The rebased decrease was primarily due to a decline in the customer base, though it was partially offset by the 3.5% price increase and the ongoing transition toward higher-tier broadband plans.
Liberty Global’s non-consolidated joint venture, Virgin Media O2, reported revenues of $3,478.8 million, which decreased 1.1% year over year on a reported basis and 4% on a rebased basis. The rebased decrease was primarily due to the net effect of a decline in both mobile revenues due to lower handset sales and revenues in B2B operations as well as an increase in residential fixed revenue.
The fixed customer base increased 9,900 in the reported quarter, due to improved performance on the nextfibre footprint. As a result of building momentum and investment in sales and marketing, quarterly net additions increased sequentially through the year.
VodafoneZiggo revenues dropped 3.4% on a reported basis and decreased 2.5% on a rebased basis to $1,113.8 million. The rebased decrease was primarily due to a decline in low-margin handset sales and in the consumer-fixed customer base.
FMC broadband households grew by 1,700.
Mobile postpaid net adds increased by 800. The broadband base contracted by 30,200 in the quarter amid the intensity of continued promotion in the market.