Liberty Global reports Q3 2024 preliminary results for VM Ireland and Sunrise; Sunrise spin-off on track

Liberty Global Ltd.

VM Ireland Q3 revenue €108.9M (-5.6% YoY); net loss €23.6M (vs +€13.0M YoY); Adjusted EBITDA €37.7M (-10.7% YoY).
Sunrise Holding Q3 revenue €799.1M (-0.2% YoY); net loss €2.7M (vs -€67.8M YoY); Segment Adjusted EBITDA €293.9M (+1.6% YoY).
Sunrise spin-off approved; distribution on Nov 12, regular trading on SIX Nov 15, NASDAQ Nov 13; CHF1.2B debt paydown imminent.
VM Ireland fiber upgrade ~45% of premises; fixed customer net losses improved to 2,200 in Q3 (vs 5,100 YoY).
Sunrise reaffirms FY 2024 guidance: revenue broadly stable, Adj EBITDA stable to low-single-digit growth, dividend ≥CHF240M in mid-2025.

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