NASDAQ$LBTYA

Liberty Global A · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Liberty Global's Q1 2020 results reflected network resilience amidst COVID-19, with repurchased shares and increased operating income.

Liberty Global reported a 0.3% increase in revenue and a 166% increase in operating income year-over-year. The company's networks proved resilient amidst the COVID-19 pandemic, and it repurchased nearly $500 million of shares. They maintain over $10 billion in liquidity.

  • Q1 reported revenue growth of 0.3%; rebased revenue decrease of 0.3%
  • Q1 operating income increased 166% YoY to $280.6 million
  • Q1 rebased OCF declined 3.6% to $1,150.3 million
  • Repurchased nearly $500 million of stock through April 30, 2020

Headline financials

Total Revenue

$2.88B

Previous: $2.87B+0.3%
EPS (adj)

$1.50

Previous: -$0.43+448.8%
Total Debt

$26.9B

No prior period
Capital Expenditures

-$348M

Previous: -$331M-5.0%
Free Cash Flow

$602M

Previous: -$324M+285.6%
Net Income

$950M

Previous: $7M+13468.6%
Operating Income

$281M

Previous: $106M+166.0%
Gross Profit

$2.02B

Previous: $2.07B-2.3%
Cash & Equivalents

$5.44B

Previous: $939M+479.1%
Total Assets

$47.3B

Previous: $53.4B-11.6%
Stock-Based Comp

$55.2M

Previous: $67.3M-18.0%

Revenue & EPS history

Liberty Global · Revenue · Quarterly

$2.88B

Q1 2020+0.3%vs Q1 2019
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Forward guidance

Liberty Global is still assessing the medium-term impact from the COVID-19 crisis on its financial guidance and expects to update investors on its second quarter earnings call. For now, however, it remains encouraged by its operating prospects and does not currently see the need to change or suspend its full-year guidance.

Tailwinds

  • Continued network resiliency amidst the COVID-19 usage surge
  • Expected launch of broadband speed increases and connectivity and entertainment enhancements
  • Expectations with respect to the development, launch and benefits of innovative and advanced products and services
  • Strength of balance sheet and tenor of third-party debt
  • Share repurchase plan

Headwinds

  • Continued use by subscribers and potential subscribers of our and our affiliates’ services and their willingness to upgrade to our more advanced offerings
  • Ability to meet challenges from competition, to manage rapid technological change or to maintain or increase rates to subscribers or to pass through increased costs to subscribers
  • Potential impact of the recent outbreak of COVID-19 on our company
  • Effects of changes in laws or regulation
  • Effects of the U.K.'s exit from the E.U.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.3%

Avg return

Earnings day

-0.2%

Avg return

5 days after

-0.2%

Avg return

30 days after

58%

37 / 64 earnings

Positive

+16.9%

Q4 2025

Best reaction

-11.6%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.8%+6.1%+7.9%
Q4 2025+16.9%+15.1%+4.7%
Q3 2025+2.6%-0.6%+6.5%
Q1 2025-11.6%-14.6%-11.5%
Q4 2024+0.1%+2.5%+5.2%
Q3 2024-4.3%-1.9%+29.9%
Q2 2024+4.3%+7.0%+1.3%
Q1 2024+4.6%+8.1%+4.8%
Q4 2023-2.8%-0.8%-9.9%
Q3 2023-1.3%+5.5%+4.0%
Q2 2023-6.4%-2.4%-6.0%
Q1 2023-7.1%-9.3%-9.8%
Q4 2022+4.3%-3.6%-10.8%
Q3 2022+5.4%+4.4%+17.9%
Q2 2022+1.5%+0.9%-6.1%
Q1 2022+0.4%+5.3%+5.5%
Q4 2021-8.4%-1.4%-16.1%
Q3 2021-3.5%-0.8%-6.3%
Q2 2021+1.9%+4.1%+7.8%
Q1 2021+5.6%+3.8%+0.3%
Q4 2020+4.6%+4.6%+2.4%
Q3 2020+1.4%+1.8%+28.1%
Q2 2020-0.2%-4.4%+0.9%
Q1 2020+1.3%-0.3%+7.5%
Q4 2019-5.2%-4.7%-19.1%
Q3 2019-2.1%-2.5%-12.9%
Q2 2019+1.0%+3.7%+6.7%
Q1 2019-2.6%-1.3%-5.0%
Q4 2018+0.1%+3.3%+5.3%
Q3 2018-0.2%-6.2%-7.2%
Q2 2018-1.4%-2.4%-5.6%
Q1 2018-7.8%-10.0%-10.9%
Q4 2017-3.8%-6.0%-6.6%
Q3 2017+2.5%-0.6%+2.8%
Q2 2017-2.3%-1.7%-0.7%
Q1 2017-7.8%-11.6%-11.9%
Q4 2016+1.1%+3.5%+5.2%
Q3 2016-0.7%+4.0%-6.9%
Q2 2016-5.1%-3.0%+1.1%
Q1 2016+0.7%
Q4 2015+13.7%
Q3 2015+0.8%
Q2 2015+2.2%
Q1 2015-3.6%
Q4 2014+6.3%
Q3 2014+2.6%
Q2 2014+0.7%
Q1 2014+0.0%
Q4 2013-0.7%
Q3 2013+4.6%
Q2 2013-2.7%
Q1 2013+0.4%
Q4 2012+5.7%
Q3 2012+0.7%
Q2 2012+1.7%
Q1 2012+1.4%
Q4 2011+3.3%
Q3 2011-8.6%
Q2 2011+4.5%
Q1 2011+0.0%
Q4 2010+3.3%
Q3 2010-0.7%
Q2 2010+0.5%
Q1 2010+0.5%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro