Liberty Global Q4 2022: VM Ireland EBITDA -12.3%, UPC Holding guides 2023 revenue decline

Liberty Global Ltd.

2022-FY EPS reported $2.96 revenue$7,195,700,000

VM Ireland Q4 revenue €126.6M (+0.7% YoY); Adjusted EBITDA €44.4M (-12.3% YoY) on higher FTTH upgrade and energy costs.
UPC Holding Q4 revenue €798.8M (+9.1% reported, -2.0% rebased); Segment Adj. EBITDA €256.0M (-3.5% reported, -8.3% rebased).
UPC Holding guides 2023 Switzerland: low-single digit revenue decline, low to mid-single digit Adj. EBITDA decline, capex 15-17% of revenue.
VM Ireland mobile net adds 6,400 in Q4; fixed net losses 2,900. P&E additions €52.5M (+83.6% YoY) as FTTH build accelerates.
UPC Holding achieved ~50% of run-rate synergies in 2022; on track for CHF 325M by 2025. Swiss FMC penetration 57%.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Liberty Global Ltd. reported the three months ended December 31, 2022 results: revenue €126.6 million, net income €19.2 million.

Period: the three months ended December 31, 2022
Revenue: €126.6 million
Net income: €19.2 million
Result: preliminary results

Exact text from the filing

Q4 revenue of €126.6 million increased 0.7% YoY, predominately driven by growth in mobile • Q4 residential fixed revenue of €76.8 million decreased 1.8% YoY ◦ Fixed subscription revenue decreased 1.6% YoY, as growth in ARPU following targeted price rises in Q3 was more than offset by lower volumes • Q4 residential mobile revenue increased 18.8% YoY ◦ Mobile subscription revenue increased 10.0%, primarily driven by organic customer growth underpinned by competitive offers in the marketplace ◦ Mobile non-subscription revenue increased 42.3% YoY, primarily due to an increase in low margin handset sales • Q4 B2B revenue increased 3.3% YoY, primarily due to strength in SOHO following the implementation of a price rise, along with the continued recovery of market demand post-pandemic • FY 2022 net earnings increased to €174.8 million • Q4 net earnings decreased 2.0% YoY to €19.2 million

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Source: SEC EDGAR

accession 0001570585-23-000030

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