Liberty Global swings to Q1 loss of $713.5M; announces Telenet buyout and Bermuda redomicile

Liberty Global Ltd.

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

Revenue $1.87B (+0.8% reported); adjusted EBITDA $624.5M (-8.7%); net loss $713.5M vs profit $1.08B YoY.
Announces intention to buyout remaining Telenet stake at €22/share; management and board support.
Proposes redomicile to Bermuda to facilitate buybacks, spin-offs; no tax impact, day-to-day ops unchanged.
Repurchased $330M stock YTD through May 5; $5.3B liquidity ($1.4B cash, $2.4B SMAs, $1.5B credit).
Reaffirms FY 2023 guidance: $1.6B Distributable Cash Flow; expects price increases to support EBITDA later in year.

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 0.9

Liberty Global Ltd. updated its Q1 2023 guidance (reaffirmed).

Period: Q1 2023
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Liberty Global plc today announced its Q1 2023 financial results.

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Liberty Global Ltd. filing history →

Source: SEC EDGAR

accession 0001570585-23-000187

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