NASDAQ$LBTYA
Liberty Global A · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Liberty Global's Q2 2023 results were announced, showing improved sequential Adjusted EBITDA performance and stable connectivity despite price adjustments.
Liberty Global reported a decrease in Q2 revenue and Adjusted EBITDA, impacted by strategic changes and cost inflation. Despite these challenges, the company is on track to meet full-year guidance targets and increased its share repurchase program.
- Improved sequential Adjusted EBITDA performance across FMC Champions.
- Proposal to redomicile to Bermuda approved by shareholders, expected completion in Q4.
- Successfully acquired over 93% of Telenet, offer will reopen August 24 to September 13.
- Buyback plan increased to a minimum of 15% of shares outstanding.
Headline financials
Revenue & EPS history
Liberty Global · Revenue · Quarterly
$1.85B
Forward guidance
Liberty Global is on track to achieve its full-year 2023 guidance metrics, supported by shareholder distributions from joint ventures and Adjusted Free Cash Flow from consolidated operating companies.
Tailwinds
- Strong shareholder support for transition of jurisdiction of incorporation to Bermuda.
- Well positioned to achieve all of the 2023 full-year guidance metrics at operating companies.
- Positive outlook backed by shareholder distributions from joint ventures in the U.K. and the Netherlands.
- Balance sheet remains robust, with approximately $5.5 billion of total liquidity.
- Increased share repurchase program to a minimum of 15% of shares outstanding.
Headwinds
- Commercial momentum affected by the announcement and/or implementation of price increases.
- Reported an aggregate loss of 60,000 net broadband subscribers.
- Phasing related to the timing of prices increases together with continued cost inflation impacted Adjusted EBITDA result.
- Decline in the B2C fixed customer base.
- Higher energy and wage costs related to inflation.
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 2023
+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
| Quarter | Report date | Reaction (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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