---
schema_version: "secwatch.filing_event.v1"
accession: "0001570585-23-000135"
form_type: "8-K"
ticker: "LBTYA"
cik: "0001570585"
company_name: "Liberty Global Ltd."
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T08:57:10.250446+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001570585-23-000135
- form_type: 8-K
- ticker: LBTYA
- cik: 0001570585
- company_name: Liberty Global Ltd.
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1570585/000157058523000135/0001570585-23-000135-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1570585/000157058523000135/lbtya-20230427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001570585-23-000135
- JSON: https://secwatch.observer/filing/0001570585-23-000135.json
- Plain text: https://secwatch.observer/filing/0001570585-23-000135.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1570585/000157058523000135/0001570585-23-000135-index.htm

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