NASDAQ$LBTYA

Liberty Global A · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Liberty Global's Q3 2022 results were marked by accelerating Adjusted EBITDA growth at VMO2, VodafoneZiggo, and Telenet, alongside continued broadband and postpaid mobile net additions across core FMC markets.

Liberty Global reported solid Q3 2022 results with stable to growing revenues in Switzerland, Belgium, and the Netherlands, supported by price adjustments. The company delivered aggregate broadband and postpaid mobile growth and strong Adjusted EBITDA growth in the U.K., Belgium, and the Netherlands, driven by synergy execution, price rises, and strong cost controls. They are reiterating all original, full-year guidance metrics at their operating companies and $1.7 billion of Full Company Distributable Cash Flow at Liberty Global.

  • Accelerating Adjusted EBITDA growth at VMO2, VodafoneZiggo and Telenet.
  • Continued to deliver aggregate broadband and postpaid mobile net additions across core FMC markets.
  • Ongoing investment in fixed network upgrades and 5G coverage to support leading FMC market positions.
  • Attractive share repurchases of $1.7 billion for 2022, reiterating 10% buyback floor for 2023.

Headline financials

Total Revenue

$1.75B

Previous: $1.9B-8.2%
EPS (adj)

$4.87

Previous: $0.48+914.6%
Total Liquidity

$4B

Previous: $4.3B-7.0%
Total Debt

$13.3B

No prior period
Capital Expenditures

-$929M

Previous: -$1.11B+16.6%
Free Cash Flow

$1.42B

Previous: -$837M+269.4%
Net Income

$2.35B

Previous: $277M+747.3%
Operating Income

$109M

Previous: $101M+7.8%
Gross Profit

$1.26B

Previous: $1.38B-8.5%
Cash & Equivalents

$1.59B

Previous: $766M+108.1%
Total Assets

$42.6B

Previous: $46.8B-9.0%
Stock-Based Comp

$42.7M

Previous: $57.4M-25.6%

Revenue & EPS history

Liberty Global · Revenue · Quarterly

$1.75B

Q3 2022-8.2%vs Q3 2021
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Forward guidance

Liberty Global is reiterating all of the original, full-year guidance metrics at our operating companies and $1.7 billion of Full Company Distributable Cash Flow at Liberty Global.

Tailwinds

  • Reaffirming all full-year 2022 guidance targets
  • Continued strong mobile postpaid intake
  • VodafoneZiggo continues to improve its commercial momentum
  • Advancing network development strategies
  • Attractive share repurchases of $1.7 billion for 2022

Headwinds

  • Macroeconomic challenges in Europe
  • Impact of high energy and labor costs
  • Decline in consumer fixed revenue due to a change in customer mix
  • Decline in B2B fixed revenue
  • B2C fixed customer base decline

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 2022

Historical avgQ3 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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