NASDAQ$LBTYA

Liberty Global A · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Liberty Global reported a solid quarter with sequential improvement in broadband and postpaid mobile net adds. The Sunrise spin-off was confirmed, and strategic focus shifted to managing telecom assets and rotating capital into new growth opportunities.

Liberty Global reported a revenue increase of 4.4% YoY to $1,935.2 million and an Adjusted EBITDA increase of 11.8% YoY to $668.3 million. The company is on track to achieve all full-year guidance targets, including Sunrise Adjusted Free Cash Flow guidance. The Sunrise spin-off was approved and is set for November 12th.

  • Sequential improvement in aggregate broadband & postpaid mobile net adds across all markets.
  • Fiber deployments are ramping in U.K. & Belgium.
  • On track to achieve all full-year guidance targets, including Sunrise Adjusted Free Cash Flow guidance refined at Capital Markets Day.
  • Sunrise spin approved with distribution set for November 12th; planned debt paydown of CHF 1.5b.

Headline financials

Total Revenue

$1.94B

Previous: $1.85B+4.4%
EPS

-$3.95

Previous: $1.57-351.6%
Total Liquidity

$5B

Previous: $5B+0.0%
Capital Expenditures

-$987M

Previous: -$1.02B+2.9%
Free Cash Flow

-$2.42B

Previous: -$357M-578.2%
Net Income

-$1.43B

Previous: $659M-317.6%
Operating Income

$101M

Previous: -$27.4M+469.7%
Gross Profit

$1.34B

Previous: $1.3B+3.0%
Cash & Equivalents

$2.36B

Previous: $1.74B+35.3%
Total Assets

$41.8B

Previous: $42.7B-2.2%
Stock-Based Comp

$52.9M

Previous: $54.8M-3.5%

Revenue & EPS history

Liberty Global · Revenue · Quarterly

$1.94B

Q3 2024+4.4%vs Q3 2023
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Forward guidance

The press release contains forward-looking statements regarding strategies, future growth prospects, financial performance, and the spin-off of Sunrise. These statements involve risks and uncertainties that could cause actual results to differ materially.

Tailwinds

  • Strategies for maximizing and creating value for shareholders
  • Expected drivers of future operational and financial performance at operating companies and joint ventures, including the use of AI technologies
  • Plans with respect to networks, products and services and the investments in such networks, products and services, including the planned fiber upgrade programs in the U.K. and Belgium
  • Strategic plans for Liberty Growth portfolio, including any expected capital rotation between investments and the proceeds to be received therefrom
  • Share repurchase program, including the amount of shares intended to repurchase during the year

Headwinds

  • Continued use by subscribers and potential subscribers of services and their willingness to upgrade to more advanced offerings
  • Ability to meet challenges from competition, to manage rapid technological change or to maintain or increase rates to subscribers or to pass through increased costs to subscribers
  • Potential impact of pandemics and epidemics
  • Effects of changes in laws or regulations
  • 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 2024

Historical avgQ3 2024

+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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