Liberty Global plc – Class B ( (LBTYB) ) has realeased its Q3 earnings. Here is a breakdown of the information Liberty Global plc – Class B presented to its investors.
Liberty Global plc – Class B is a leading telecommunications company providing broadband, video, and mobile services across Europe, known for its innovation in next-generation networks. In its Q3 2024 earnings report, Liberty Global announced a sequential improvement in broadband and mobile net additions, successful fiber deployments in the U.K. and Belgium, and strategic progress in value creation following the approval of the Sunrise spin-off. Key financial highlights include a 4.4% increase in revenue year-over-year to $1,935.2 million and a significant rise in adjusted EBITDA by 11.8% to $668.3 million. Liberty Global also reported a net loss of $1,410.9 million, attributed to various strategic investments and restructuring efforts. Looking ahead, Liberty Global remains focused on unlocking shareholder value through strategic asset management and capitalizing on growth opportunities in the telecom sector, as emphasized by the company’s management.
