NASDAQ$LBTYA

Liberty Global A · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Liberty Global's financial results for Q1 2022 were announced, showing stable revenue and strategic advancements.

Liberty Global reported stable Q1 2022 financial results with revenue flat to up across markets and strong Adjusted EBITDA growth in key regions. The company is executing well on commercial convergence strategies and integration plans, and reaffirmed its 2022 guidance targets.

  • Revenue was stable to growing across FMC markets.
  • Adjusted EBITDA showed strong growth at Virgin Media O2, Sunrise UPC, and VodafoneZiggo.
  • Commercial convergence strategies, including price adjustments, were effectively implemented.
  • Integration and synergy plans are on track in the U.K. and Switzerland.

Headline financials

Total Revenue

$1.85B

Previous: $3.62B-48.7%
EPS (adj)

$1.88

Previous: $2.37-20.7%
Total Liquidity

$4.7B

Previous: $5.8B-19.0%
Total Debt

$14.7B

Previous: $30.9B-52.4%
Capital Expenditures

-$373M

Previous: -$476M+21.6%
Free Cash Flow

$666M

Previous: $910M-26.8%
Net Income

$1.04B

Previous: $1.39B-25.1%
Operating Income

$58.8M

Previous: $625M-90.6%
Gross Profit

$1.32B

Previous: $2.5B-47.4%
Cash & Equivalents

$843M

Previous: $929M-9.2%
Total Assets

$45.5B

Previous: $57.4B-20.7%
Stock-Based Comp

$51.4M

Previous: $63.4M-18.9%

Revenue & EPS history

Liberty Global · Revenue · Quarterly

$1.85B

Q1 2022-48.7%vs Q1 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

Liberty Global reaffirmed all of its original, full-year guidance metrics, including $1.7 billion of Full Company Distributable Cash Flow, representing an increase of 22% over 2021.

Tailwinds

  • Shareholder distributions from joint ventures in the U.K. and the Netherlands.
  • An additional distribution from an expected recapitalization of Virgin Media O2 later this year.
  • Strong balance sheet with $3.8 billion of cash.
  • Total liquidity of $5.3 billion.
  • Completed 35% of buyback commitment through Q1, and 50% through May 6th.

Headwinds

  • Continued impact the war is having on inflation.
  • Impact of higher inflation on staff-related expenses and network operating costs.
  • Increased promotional intensity in the market impacting broadband RGUs.
  • Fixed ARPU decline due to a change in customer mix at VMO2 JV.
  • B2C fixed customer base decline at VodafoneZiggo JV.

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 2022

Historical avgQ1 2022

+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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