Telenet Q1 net profit down 90% YoY to €16.8M; Liberty Global offers €22/share takeover

Liberty Global Ltd.

2023-Q1 EPS reported -$1.59 revenue$1,868,400,000

Revenue €702.8M (+9% YoY reported, +3% rebased); adjusted EBITDA €319.6M (-3% YoY); adjusted EBITDAaL €281.8M (-6% YoY).
Net profit €16.8M (-90% YoY) due to derivative fair value reversal and 21% lower operating profit on inflationary cost pressures.
Liberty Global (through subsidiary) announced voluntary cash offer at €22/share for remaining Telenet shares, representing 59% premium to March 15 close; dividend of €1.0/share to be deducted.
Negative adjusted free cash flow of €34.7M vs positive €61.2M in Q1 2022, driven by higher capex and lower vendor financing.
FY 2023 guidance reaffirmed: rebased Adj. EBITDAaL growth expected in H2 due to June rate adjustments and cost control.

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 0.98

Liberty Global Ltd. reported the three months ended March 31, 2023 results: revenue €702.8 million, net income €16.8 million, EPS €0.15. Guidance reaffirmed.

Period: the three months ended March 31, 2023
Revenue: €702.8 million
Net income: €16.8 million
EPS: €0.15
Guidance: reaffirmed
Result: reported results

Exact text from the filing

strong performance at BASE. Both our video and fixed-line telephony RGU base continued to contract, mainly driven by macro trends and shifting consumer preferences. • Revenue of €702.8 million in Q1 2023 , up 9% and almost 3% year-on-year on a reported and rebased (1) basis, respectively. Rebased top line growth was driven by (i) h igher advertising and production

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Source: SEC EDGAR

accession 0001570585-23-000135

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