Liberty Global Ltd. - LBTYA STOCK NEWS

Liberty Global (NASDAQ: LBTYA, LBTYB, LBTYK) has announced it will release its second quarter 2024 financial results on July 25, 2024. The company will hold an investor call on July 26, 2024, at 09:00 a.m. (Eastern Time) to discuss these results. During the call, company management will provide detailed insights and may address other business matters.

Liberty Global (NASDAQ: LBTYA) announced its acquisition of Warner Bros. Discovery's shares in the Formula E electric car racing series, increasing its stake to 65% and gaining controlling interest. Formula E, recognized for its environmental sustainability, features 16 races across iconic cities, with top teams like Jaguar, Porsche, and McLaren. The series has nearly 400 million fans worldwide. Liberty Global CEO Mike Fries emphasized the potential for further growth and sustainability integration. The deal, pending regulatory approval, is expected to close by year-end.

Liberty Global (NASDAQ: LBTYA, LBTYB, LBTYK) is set to present at the Bank of America C-Suite TMT Conference on June 11, 2024, at 10:35 am BST. The company plans to discuss its historical performance and future outlook. This presentation will be webcast live on the company's website and archived for 30 days in the Investor Relations section.

Stephen van Rooyen has been appointed Chief Executive Officer of VodafoneZiggo, effective September 2024. Van Rooyen, who was the CEO of Sky UK & Ireland and Chief Commercial Officer for the Sky Group, brings over 17 years of telecom and media experience. His tenure at Sky included launching key products like Sky Mobile, Sky Broadband, and NOW TV, as well as leading Sky Sports, Sky Cinema, and Sky channels. He succeeds Jeroen Hoencamp, who is retiring. In the interim, CFO Ritchy Drost will lead VodafoneZiggo. Liberty Global CEO Mike Fries and Vodafone Group CEO Margherita Della Valle praised van Rooyen's expertise in driving growth and innovation.

Liberty Global reported Q1 2024 financial results, showing significant progress in delivering value to shareholders. The company remains focused on core assets and shareholder remuneration, with $3.9 billion in cash and liquid securities. Initiatives like the Sunrise spin-off and investment in networks are on track. Q1 financial performance met expectations, with growth in EBITDA and net adds in various regions. Ventures portfolio, valued at $3.4 billion, supports operations and drives returns. The company continues to invest in fiber and digital initiatives.

Liberty Global announced plans to release its first quarter 2024 results on May 1, 2024, with an Investor Call scheduled for May 2, 2024. Management will discuss results and provide forward-looking information during the call.

Liberty Global Ltd. appoints Severina Pascu as Senior Vice President, Commercial and Operations. Ms. Pascu will focus on operational and commercial expertise, leading growth and improvement programs. She will work closely with Liberty Global CEO Mike Fries to execute value creation strategies across the organization.

A study by EY for Liberty Global reveals that the US, Germany, the UK, and France are set to benefit the most from AI in the telecommunications industry. The report highlights the transformative impact of AI on job efficiency, with potential for $7 trillion in global economic gains. The telecoms industry is crucial in unlocking AI's benefits, with the US leading in yearly wages saved through AI adoption.

Liberty Global announces its intention to spin-off 100% of Sunrise to maximize shareholder value, supported by strong cash generation, attractive growth outlook, and experienced management. The spin-off aims to unlock Sunrise's fully distributed value, listing it on the SIX Swiss Exchange with Liberty Global investing up to CHF1.5B for debt reduction.