Yahoo Finance

• Cash on Hand: $2.1 billion at the end of the quarter.

• Planned Asset Sales: $500 million to $750 million planned for the year.

• Aggregate Revenue: $22 billion.

• Aggregate EBITDA: $8 billion.

• VMO2 Revenue Growth: 0.4% excluding certain revenues in Q1.

• VodafoneZiggo Revenue Decline: 2.6% mainly due to fixed revenues and lower handset sales.

• Telenet Revenue Increase: 2.7% supported by higher programming revenues.

• VMO2 Adjusted EBITDA Growth: 0.8% excluding nexfibre impact.

• VodafoneZiggo Adjusted EBITDA Decline: 8% due to fixed business decline and higher costs.

• Telenet Adjusted EBITDA Growth: 0.8% supported by cost control measures.

• Liberty Growth Portfolio Value Increase: $150 million during the quarter.

• CapEx Trends: Elevated in Belgium and Ireland for fiber network rollouts.

• Debt Cost: Approximately 4% to 5% with an average life of five years.

• VodafoneZiggo 2025 Revenue Guidance: Lowered to low single-digit decline.

• VodafoneZiggo 2025 Adjusted EBITDA Guidance: Expected to be down mid- to high single digits.

• VodafoneZiggo Capital Intensity: 20% to 22% of sales.

• VodafoneZiggo Free Cash Flow Guidance: EUR200 million to EUR250 million for 2025.

• Warning! GuruFocus has detected 6 Warning Signs with LBTYA.

Release Date: May 02, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

• Liberty Global Ltd (NASDAQ:LBTYA) has made significant progress on its strategic initiatives, including the tax-free spin-off of Sunrise, which is trading well in the Swiss market.

• The company has $2.1 billion in cash on hand and plans for $500 million to $750 million in asset sales, indicating strong capital allocation strategies.

• Liberty Global Ltd (NASDAQ:LBTYA) is making substantial network upgrades, such as the fiber upgrade in Ireland reaching 80% of its footprint by year-end, enhancing competitiveness.

• The company is actively pursuing strategic partnerships, such as the exclusive wholesale relationship with Orange in Belgium, which is expected to facilitate bringing equity partners into the platform.

• Liberty Global Ltd (NASDAQ:LBTYA) is focused on driving commercial momentum with initiatives like flanker brands and AI tools for customer retention, which are showing positive results in various markets.

Negative Points

• Liberty Global Ltd (NASDAQ:LBTYA) faces intense competition in its telecom markets, leading to stable broadband losses and weakness in postpaid mobile across most markets.

• The company has paused its NetCo plans in the UK to align with Telefonica's strategic review, which may delay potential consolidation and growth opportunities.

• VodafoneZiggo reported a revenue decline of 2.6% due to competitive pressures and lower handset sales, impacting overall financial performance.

• The company's leverage in some cases is above target, prompting asset sales like the Dutch towers to pay down debt, indicating financial pressure.

• Liberty Global Ltd (NASDAQ:LBTYA) has lowered its revenue guidance for VodafoneZiggo to a low single-digit decline for 2025, reflecting aggressive market retention activities and pricing adjustments.