NASDAQ$LBTYA

Liberty Global A · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Liberty Global demonstrated progress against its strategy and commitment to shareholder value creation.

Liberty Global reported Q1 2024 financial results, showing progress on strategic initiatives, including the planned spin-off of Sunrise in Q4 2024. The company's financial performance was in line with expectations, supported by a strong balance sheet and Adjusted FCF generation.

  • Made significant progress on strategic initiatives, including the planned spin-off of Sunrise in Q4 2024.
  • Balance sheet remains strong with $3.9 billion in cash and liquid securities.
  • Completed a proactive $2.4 billion VMO2 refinancing.
  • Ventures portfolio valued at $3.4 billion represents an attractive platform to support FMC operations.

Headline financials

Total Revenue

$1.95B

Previous: $1.87B+4.1%
EPS

$1.32

Previous: -$1.59+183.0%
Capital Expenditures

-$351M

Previous: -$377M+7.0%
Free Cash Flow

$159M

Previous: -$1.1B+114.5%
Net Income

$510M

Previous: -$721M+170.7%
Operating Income

$22.6M

Previous: $37.4M-39.6%
Gross Profit

$1.27B

Previous: $1.3B-1.9%
Cash & Equivalents

$1.14B

Previous: $1.45B-21.2%
Total Assets

$40.6B

Previous: $43.8B-7.4%
Stock-Based Comp

$44.6M

Previous: $43.8M+1.8%

Revenue & EPS history

Liberty Global · Revenue · Quarterly

$1.95B

Q1 2024+4.1%vs Q1 2023
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Forward guidance

Liberty Global is on track to meet its full-year 2024 guidance metrics across all OpCos, with price adjustments recently announced in the U.K., the Netherlands and Belgium to support financial targets.

Tailwinds

  • Continue to invest in our fiber-rich, fixed and 5G mobile networks
  • Fiber upgrade projects in the U.K., Belgium and Ireland remain on track
  • Continue to invest in digital and AI initiatives to support commercial momentum and efficiencies
  • Return to strong Adjusted EBITDA growth in the Netherlands
  • Return to positive broadband net adds in Switzerland

Headwinds

  • Intensely competitive market environment
  • Higher annualized churn
  • Decrease in mobile revenue due to lower handset sales
  • Decrease in B2B fixed revenue
  • Mobile postpaid base declined by 74,500 in Q1

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 2024

Historical avgQ1 2024

+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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