NASDAQ$LBTYA

Liberty Global A · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Liberty Global's financial performance remained stable across FMC markets, with VMO2 demonstrating continued Adjusted EBITDA growth. Strategic advancements in fixed network strategies were executed, and the stock buyback program was expanded, reaffirming full-year guidance.

Liberty Global reported stable revenue across its FMC markets, driven by price adjustments. VMO2's growth was a highlight, and the company is focused on innovation and network development. Liberty Global increased its 2022 buyback program by $400 million to approximately $1.7 billion and reiterated all full-year guidance targets.

  • Stable to growing revenue across FMC markets and continued Adjusted EBITDA growth at VMO2.
  • Price adjustments, merger synergies, and continued innovation are expected to support robust operational trends.
  • Executing on long-term fixed network strategies with Telenet announcing NetCo partnership in Belgium, and fiber plans progressing in the U.K. and Ireland.
  • Stock buyback accelerating with announcement to increase 2022 program by $400 million to ~$1.7 billion.

Headline financials

Total Revenue

$1.75B

Previous: $3.11B-43.5%
EPS (adj)

$1.67

Previous: $19.55-91.5%
Total Liquidity

$5.6B

Previous: $4.1B+36.6%
Total Debt

$13.3B

No prior period
Capital Expenditures

-$634M

Previous: -$869M+27.0%
Free Cash Flow

$2.15B

Previous: $10.3B-79.0%
Net Income

$2.79B

Previous: $11.1B-75.0%
Operating Income

$24.5M

Previous: $566M-95.7%
Gross Profit

$1.27B

Previous: $2.23B-43.0%
Cash & Equivalents

$2.39B

Previous: $874M+173.5%
Total Assets

$44.2B

Previous: $48.6B-9.1%
Stock-Based Comp

$49.3M

Previous: $99.8M-50.6%

Revenue & EPS history

Liberty Global · Revenue · Quarterly

$1.75B

Q2 2022-43.5%vs Q2 2021
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Forward guidance

Liberty Global is reiterating all of its original, full-year guidance metrics, including $1.7 billion of Full Company Distributable Cash Flow.

Tailwinds

  • Demand for connectivity remains high.
  • Well positioned to execute on strategic and financial goals.
  • Focus on product innovation and offering the best value for customers.
  • Proactively addressing the impacts on costs while supporting network investments.
  • Realization of synergies is expected to continue driving cash flow growth.

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 2022

Historical avgQ2 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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