earnings
confidence high
sentiment neutral
materiality 0.65
Liberty Global units: VM Ireland revenue down 1.2%, Sunrise flat; capex surges
Liberty Global Ltd.
2024-Q1 EPS reported
$1.32
revenue$1,945,100,000
- VM Ireland Q1 revenue €113.3M (-1.2% YoY); adjusted EBITDA €36.8M (-4.9%); net earnings €5.5M vs -€3.5M.
- VM Ireland P&E additions €36.3M (+17.5% YoY, 32.0% of revenue); net leverage 5.23x at March 31.
- Sunrise Holding Q1 revenue €797.9M (+4.4% reported, -0.1% rebased); segment adj. EBITDA €261.4M (+4.7% reported).
- Sunrise net loss widened to €130.1M from €68.2M; mobile postpaid adds 26,000, broadband adds 6,200.
- Sunrise spin-off on track for Q4 2024; FY guidance: revenue broadly stable, adj. EBITDA stable to low-single-digit growth.