earnings
confidence high
sentiment negative
materiality 0.80
Liberty Global Q2 loss of $511M, revenue down 0.6% rebased; increases buyback to 15%
Liberty Global Ltd.
2023-Q2 EPS reported
-$2.73
revenue$3,716,400,000
- Q2 revenue $1,848M, down 0.6% rebased; loss from continuing ops of $511.3M vs profit of $2,282.2M prior year.
- Adjusted EBITDA $601.4M, down 7.6% rebased; organic customer net loss of 29,300.
- Share repurchases ~$740M YTD; buyback target increased to min 15% of shares outstanding.
- Shareholders approved redomicile to Bermuda; completion expected Q4 2023.
- Telenet tender offer: acquired over 93% of shares; offer to reopen Aug 24-Sep 13.