NASDAQ$LBTYA

Liberty Global A · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Liberty Global's financial performance in Q2 2021 showed revenue growth and strategic advancements, marked by the Virgin Media O2 joint venture closing and increased Adjusted Free Cash Flow guidance.

Liberty Global reported a strong Q2 2021, highlighted by the closing of the Virgin Media O2 joint venture and a return to rebased revenue growth in all core markets. The company reaffirmed its full-year guidance, including $1.35 billion of Adjusted Free Cash Flow, and committed to repurchasing 10% of its market capitalization annually for the next three years.

  • Virgin Media O2 joint venture closed, creating converged national champions.
  • 139,000 consolidated broadband and postpaid mobile subscribers added.
  • Full fiber upgrade plan announced for existing U.K. footprint.
  • Non-binding offer received to acquire 100% of UPC Poland.

Headline financials

Total Revenue

$3.11B

Previous: $2.72B+14.1%
EPS (adj)

$19.55

Previous: -$0.86+2373.3%
Total Liquidity

$4.1B

No prior period
Capital Expenditures

-$869M

Previous: -$650M-33.8%
Free Cash Flow

$10.3B

Previous: -$1.17B+974.0%
Net Income

$11.1B

Previous: -$524M+2222.9%
Operating Income

$566M

Previous: $527M+7.3%
Gross Profit

$2.23B

Previous: $2.01B+11.2%
Cash & Equivalents

$874M

Previous: $4.36B-80.0%
Total Assets

$48.6B

Previous: $47.3B+2.6%
Stock-Based Comp

$99.8M

Previous: $83.8M+19.1%

Revenue & EPS history

Liberty Global · Revenue · Quarterly

$3.11B

Q2 2021+14.1%vs Q2 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

Liberty Global reaffirms its original full-year guidance metrics, including $1.35 billion of Adjusted Free Cash Flow, representing 26% YoY growth.

Tailwinds

  • Focus on sustainability and reduction of carbon emissions.
  • Commitment to Diversity, Equity and Inclusion initiatives.
  • Investment in Ventures portfolio for long-term value creation.
  • Planned full fiber upgrade in the UK.
  • Strong revenue growth across both Consumer and B2B.

Headwinds

  • Potential impact of COVID-19 pandemic.
  • Effects of changes in laws or regulation.
  • Fluctuations in currency exchange and interest rates.
  • Ability of suppliers to deliver quality products.
  • Outcome of any pending or threatened litigation.

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 Q2 2021

Historical avgQ2 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%

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