Sequential Improvement in Broadband Net Adds
Liberty Global reported a strong third quarter with sequential improvement in broadband net adds across all four markets despite intense competition.
Refinancing Success
Successfully refinanced close to $9 billion in 2028 maturities, particularly in the U.K. and NL, at very reasonable credit spreads.
Cost Efficiency Improvements
Liberty Global has reduced headcount by around 40%, which is expected to drive around $100 million of annualized cost savings.
Improved Corporate Cost Guidance
Net corporate costs guidance for 2025 improved from $200 million to $150 million, with visibility in 2026 to reduce further to $100 million.
Formula E Growth
Formula E heads into season 12 with significant tailwinds, including double-digit growth in revenue, fans, and viewers last year.