NASDAQ$LBTYA

Liberty Global A · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported a mixed performance with revenue growth offset by EBITDA decline, driven by strategic investments and COVID-19 impacts.

Liberty Global reported a 25.7% increase in revenue to $3,615.3 million, driven by acquisitions and favorable FX movements. Net earnings increased by 41.5% to $1,440.3 million. However, rebased Adjusted EBITDA decreased by 1.7% to $1,367.3 million, impacted by costs to capture and COVID-19.

  • Revenue increased by 25.7% YoY on a reported basis and 0.2% on a rebased basis.
  • Net earnings increased by 41.5% YoY to $1,440.3 million.
  • Adjusted EBITDA increased by 18.9% YoY on a reported basis but decreased 1.7% on a rebased basis.
  • Fixed Mobile Convergence penetration increased to 29%.

Headline financials

Total Revenue

$3.62B

Previous: $2.88B+25.7%
EPS (adj)

$2.37

Previous: $1.50+58.0%
Total Liquidity

$5.8B

No prior period
Total Debt

$30.9B

Previous: $26.9B+14.9%
Capital Expenditures

-$476M

Previous: -$348M-36.8%
Free Cash Flow

$910M

Previous: $602M+51.1%
Net Income

$1.39B

Previous: $950M+45.9%
Operating Income

$625M

Previous: $281M+122.8%
Gross Profit

$2.5B

Previous: $2.02B+24.0%
Cash & Equivalents

$929M

Previous: $5.44B-82.9%
Total Assets

$57.4B

Previous: $47.3B+21.6%
Stock-Based Comp

$63.4M

Previous: $55.2M+14.9%

Revenue & EPS history

Liberty Global · Revenue · Quarterly

$3.62B

Q1 2021+25.7%vs Q1 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

The company reaffirmed its original, full-year guidance metrics, including $1.35 billion of Adjusted Free Cash Flow, representing 26% YoY growth.

Tailwinds

  • Reaffirming all original, full-year guidance metrics
  • Targeting $1.35 billion of Adjusted Free Cash Flow
  • Expecting 26% YoY growth in Adjusted Free Cash Flow
  • Strong balance sheet with $2.9 billion of cash
  • Balance sheet with $5.8 billion of liquidity

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 2021

Historical avgQ1 2021

+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%

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