NASDAQ$LBTYA

Liberty Global A · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported strong commercial momentum across the group and increased full-year guidance for Adjusted Free Cash Flow.

Liberty Global reported Q3 2021 financial results, highlighting strong commercial momentum with 266,000 aggregate broadband and postpaid mobile subscriber additions. The company increased its full-year guidance for Adjusted Free Cash Flow to $1.45 billion and remains on track for full-year share repurchases of $1.4 billion.

  • Added 266k aggregate broadband and postpaid mobile subscribers in Q3.
  • Launched new FMC portfolios in the UK and Switzerland.
  • Advanced network strategies, with over 80% of fixed footprint actively marketing 1 Gbps broadband.
  • Upgrading FY'21 Full Company Adjusted Free Cash Flow guidance.

Headline financials

Total Revenue

$1.9B

Previous: $2.95B-35.6%
EPS (adj)

$0.48

Previous: -$1.73+127.7%
Total Liquidity

$4.3B

No prior period
Capital Expenditures

-$1.11B

Previous: -$961M-16.0%
Free Cash Flow

-$837M

Previous: -$1.98B+57.8%
Net Income

$277M

Previous: -$1.02B+127.1%
Operating Income

$101M

Previous: $662M-84.7%
Gross Profit

$1.38B

Previous: $2.13B-35.4%
Cash & Equivalents

$766M

Previous: $3.78B-79.7%
Total Assets

$46.8B

Previous: $51.2B-8.4%
Stock-Based Comp

$57.4M

Previous: $104M-45.0%

Revenue & EPS history

Liberty Global · Revenue · Quarterly

$1.9B

Q3 2021-35.6%vs Q3 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

Liberty Global is focused on strategies, future growth prospects, network and product plans, and financial performance. The company anticipates shareholder distributions from Virgin Media O2 and VodafoneZiggo, and is committed to ESG initiatives and share buybacks.

Tailwinds

  • Integration and synergy plans at Virgin Media O2 and at Sunrise UPC.
  • Full fibre overlay in the UK and FTTH overlay in Ireland.
  • Shareholder distributions of at least £300 million from Virgin Media O2.
  • Shareholder distributions of at least €600 million from VodafoneZiggo.
  • Commitment to repurchase 10% of shares in each of 2022 and 2023.

Headwinds

  • Continued use by subscribers of services and willingness to upgrade.
  • Challenges from competition and rapid technological change.
  • Potential continued impact of the COVID-19 pandemic.
  • Effects of changes in laws or regulation.
  • General economic factors.

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 Q3 2021

Historical avgQ3 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%

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