---
schema_version: "secwatch.filing_event.v1"
accession: "0001570585-23-000188"
form_type: "8-K"
ticker: "LBTYA"
cik: "0001570585"
company_name: "Liberty Global Ltd."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T09:06:28.404515+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Liberty Global Q1: VM Ireland revenue flat, EBITDA -14.8%; UPC Holding revenue +2.9% reported, EBITDA -8.3%

## Summary
- VM Ireland Q1 revenue €114.7M (+0.7% YoY); Adjusted EBITDA €38.7M (-14.8% reported, -8.0% rebased).
- VM Ireland net loss €3.5M vs prior-year profit €55M; P&E additions €30.9M (+30.4% YoY).
- UPC Holding Q1 revenue €764.5M (+2.9% reported, -1.6% rebased); Segment Adj. EBITDA €249.6M (-8.3% reported, -8.9% rebased).
- UPC Holding loss from continuing ops €68.2M (vs prior-year profit €145.3M); Swiss rebased revenue -1.7%.
- UPC Holding reaffirms FY2023 guidance: Swiss low-single-digit revenue decline, Adj. FCF CHF 320-350M.

## SEC filing metadata
- accession: 0001570585-23-000188
- form_type: 8-K
- ticker: LBTYA
- cik: 0001570585
- company_name: Liberty Global Ltd.
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1570585/000157058523000188/0001570585-23-000188-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1570585/000157058523000188/lbtya-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001570585-23-000188
- JSON: https://secwatch.observer/filing/0001570585-23-000188.json
- Plain text: https://secwatch.observer/filing/0001570585-23-000188.txt

## Key facts
- Earnings Releases
  Liberty Global Ltd. reported Q1 ended March 31, 2023 results: revenue €114.7 million.
  - Period: Q1 ended March 31, 2023
  - Revenue: €114.7 million
  - Result: preliminary results
  source text: • Officially opened the WYLDE Academy, Ireland’s first esports academy, positioning Virgin Media at the forefront of gaming in Ireland 2 Financial highlights: • Q1 revenue of €114.7 million increased 0.7% YoY, primarily driven by growth in mobile • Q1 residential fixed reven ue of €75.7 million decreased 1.8% YoY ◦ Fixed subscription revenue decreased 1.7% YoY, as
  evidence_url: https://www.sec.gov/Archives/edgar/data/1570585/000157058523000188/0001570585-23-000188-index.htm

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