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LBTYA Nasdaq· Liberty Global Ltd.
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LBTYA Nasdaq· Liberty Global Ltd.
Earnings report Q4 2023

LBTYA Reports Strong Revenue Growth in Latest Quarter

Segments of revenue

LBTYA's revenue for the latest quarter can be broken down into two major categories: residential revenue and residential mobile revenue.

  • Residential revenue: In the residential fixed revenue segment, LBTYA saw an increase of $127.8 million, or 4.4%, compared to the previous year. This growth was primarily driven by a significant increase in broadband internet subscription revenue, which rose by $112.8 million, or 8.2%. Additionally, non-subscription revenue in the residential fixed segment increased by $22.9 million, or 49.5%. However, there was a slight decline in video subscription revenue, which decreased by $13.9 million, or 1.3%. Fixed-line telephony subscription revenue also experienced a decrease of $21.8 million, or 5.7%.

  • Residential mobile revenue: LBTYA's residential mobile revenue segment showed a strong growth of $125.1 million, or 6.4%, compared to the previous year. This growth was primarily driven by an increase in subscription revenue, which rose by $117.9 million, or 8.4%. Non-subscription revenue also increased by $7.2 million, or 1.3%.

Strengths

LBTYA demonstrated strong revenue growth in both the residential and residential mobile segments. The increase in broadband internet subscription revenue in the residential fixed segment can be attributed to the growing demand for high-speed internet services. The company's focus on expanding its mobile services also paid off, as evidenced by the significant growth in residential mobile revenue. LBTYA's ability to generate revenue from multiple segments indicates its diversified business model and ability to capture market opportunities.

Challenges

Despite the overall revenue growth, LBTYA faced challenges in certain areas. The decline in video subscription revenue and fixed-line telephony subscription revenue in the residential fixed segment indicates a shift in consumer preferences towards alternative entertainment and communication options. This trend poses a challenge for LBTYA to adapt and innovate in order to retain and attract customers in these segments.

Noteworthy

It is worth noting that LBTYA completed the sale of its investment in Skillz during the first quarter of 2023, which may have impacted the revenue figures. Additionally, the company sold its investment in TiBiT during the fourth quarter of 2022, resulting in gains during the respective periods shown.

Summary

LBTYA delivered a strong performance in terms of revenue growth in the latest quarter. The company experienced significant increases in broadband internet subscription revenue and residential mobile revenue. However, challenges were observed in the decline of video subscription revenue and fixed-line telephony subscription revenue. LBTYA's ability to adapt to changing consumer preferences and capitalize on market opportunities will be crucial for its future success.

Source documents

Form 10-K  filed on Feb 15, 2024
52 pages scanned

Reference data

Company financials Q4 revenue 1.92B
Analyst estimates Q4 EPS missed by NaN%
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