earnings
confidence high
sentiment positive
materiality 0.70
Telenet Q3 2024: revenue flat, adj. EBITDA up 5.6%; FY guidance reaffirmed
Liberty Global Ltd.
2024-Q3 EPS reported
-$1.77
revenue$5,754,000,000
- Revenue of €714.3M (+0.3% YoY); net loss of €15.1M vs net profit of €439.2M in Q3 2023 (prior-year gain on Wyre transaction).
- Adjusted EBITDA €366.0M (+5.6% YoY); margin improved 250bps to 51.2%.
- Adjusted EBITDAaL €346.7M (+5.5% YoY); Adjusted FCF €25.4M (-61.3% YoY) due to higher capex and interest.
- Broadband net additions improved to -4,000 (best since Q1 2023); mobile postpaid net adds turned positive at +800.
- FY 2024 guidance reaffirmed: revenue broadly stable, EBITDAaL mid-single-digit decline, P&E ~32% of revenue, FCF €50-75M.