---
schema_version: "secwatch.filing_event.v1"
accession: "0001570585-23-000030"
form_type: "8-K"
ticker: "LBTYA"
cik: "0001570585"
company_name: "Liberty Global Ltd."
filed_at: "2023-02-22T23:59:59+00:00"
generated_at: "2026-06-19T04:47:52.398655+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001570585-23-000030
- form_type: 8-K
- ticker: LBTYA
- cik: 0001570585
- company_name: Liberty Global Ltd.
- filed_at: 2023-02-22T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1570585/000157058523000030/0001570585-23-000030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1570585/000157058523000030/lbtya-20230222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001570585-23-000030
- JSON: https://secwatch.observer/filing/0001570585-23-000030.json
- Plain text: https://secwatch.observer/filing/0001570585-23-000030.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1570585/000157058523000030/0001570585-23-000030-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.