secwatch.observer — SEC 8-K summary
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Issuer:     Liberty Global Ltd. (LBTYA)
CIK:        0001570585
Form:       8-K
Filed at:   2023-07-25T23:59:59+00:00
Accession:  0001570585-23-000358
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Telenet H1 2023 net loss €12M; broadband and mobile postpaid lose subscribers in Q2
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- Revenue €1,406.9M (+9% reported, +2% rebased); net loss €12.0M vs €793.4M profit H1 2022 due to prior year gain on mobile infrastructure sale.
- Adjusted EBITDAaL €619.1M (+1% reported, +3% rebased); Adjusted FCF €102.5M (-39% YoY).
- Broadband net loss of 5,000 RGUs and mobile postpaid net loss of 5,400 in Q2; FMC subscribers up 6% YoY to 839,900.
- Wyre (NetCo) partnership with Fluvius closed July 1; Liberty Global takeover bid increased ownership to 93.23%.
- FY 2023 guidance reaffirmed: broadly stable rebased Adjusted EBITDAaL and Adjusted Free Cash Flow around €250M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1570585/000157058523000358/0001570585-23-000358-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1570585/000157058523000358/lbtya-20230725.htm
  HTML page:      https://secwatch.observer/filing/0001570585-23-000358

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