Liberty Telecom Performance
Despite competitive pressures, Liberty Telecom's financial performance was stable, with revenue and EBITDA in line with guidance expectations, supported by price increases and strong ARPU results.
Liberty Growth Portfolio Increase
The Liberty Growth portfolio increased to $3.4 billion, primarily due to additional investments and favorable FX movements.
Progress in Formula E and Digital Infrastructure
Liberty Global announced an extension of their exclusive license with the FIA for Formula E through 2053 and continues to expand their commitment to digital infrastructure with investments in AtlasEdge and EdgeConneX.
Corporate Cost Efficiency
Guidance for net corporate costs improved by at least $25 million, with a continued focus on optimizing through revenue generation and strategic reshaping.
Strategic M&A Developments
Significant progress in strategic developments, such as the nearing completion of Virgin Media O2's merger with Daisy and a fixed network sharing deal in Belgium.