earnings
confidence high
sentiment negative
materiality 0.85
Liberty Global Q3 revenue down 4.3% rebased; VMO2 guidance cut; buyback boosted by $300M
Liberty Global Ltd.
2023-Q3 EPS reported
-$1.28
revenue$5,570,900,000
- Q3 revenue $1,854.5M, reported +6.2% but rebased -4.3%; Adj. EBITDA $597.7M (-10% reported, -16.9% rebased).
- VMO2 revenue guidance revised from 'growth' to 'stable'; all other 2023 OpCo and Group guidance reaffirmed.
- Share buyback increased by ~$300M to total $1.6B; YTD repurchases ~$1.3B, retiring 15% of shares.
- Telenet tender completed and shares delisted Oct 13; VMO2 tower JV minority stake sale to deliver ~$435M proceeds at 18.7x Adj. EBITDA.
- Redomiciliation to Bermuda on track for late November; consolidated net loss from continuing ops $822.7M vs $2,431.7M prior-year gain.