Welcome to our dedicated page for Liberty Global Ltd. Class C Common Shares news (Ticker: LBTYK), a resource for investors and traders seeking the latest updates and insights on Liberty Global Ltd. Class C Common Shares stock.
Liberty Global Ltd. Class C Common Shares (symbol: LBTYK) is a leading converged video, broadband, and communications company operating in seven European countries. Through consumer brands like Virgin Media, Telenet, and UPC, Liberty Global provides innovative digital platforms and infrastructure to empower its customers in the digital revolution. As a holding company, Liberty Global has interests in telecom companies across the U.K., Netherlands, Belgium, Switzerland, Ireland, and Slovakia, focusing on offering converged services and investing in digital transformation.
Liberty Global reported Q2 2024 financial results, highlighting strategic progress and strong financial performance. Key points include:
- Sunrise spin-off on track for Q4 2024
- $3.5 billion consolidated cash balance
- Strong performance in Netherlands, momentum in Switzerland, and fixed ARPU recovery in UK
- Revenue of $1,873.7 million, up 2.2% YoY on a rebased basis
- Net earnings of $275.2 million, up 153.8% YoY
- Adjusted EBITDA of $604.7 million, up 1.0% YoY on a rebased basis
The company updated VMO2's full-year revenue guidance to 'low to mid-single-digit decline' due to lower handset sales, but remains on track for other OpCo guidance targets. Liberty Global continues to focus on maximizing FMC value, leveraging its Ventures portfolio, and delivering shareholder value.
Liberty Global has announced a Sunrise Capital Markets Day on September 9, 2024, ahead of its planned spin-off on the SIX Swiss Exchange in Q4 2024. The event will feature presentations by the Sunrise management team, outlining their operating strategy and financial outlook. Following the event, a roadshow will be conducted by Sunrise's CEO and CFO. The event will be webcast live on both the Sunrise and Liberty Global websites, starting at 13:30 CEST / 7:30 EDT, with a replay available for 90 days. A detailed agenda will be released before the event.
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.
FAQ
What is the current stock price of Liberty Global Ltd. Class C Common Shares (LBTYK)?
What is the market cap of Liberty Global Ltd. Class C Common Shares (LBTYK)?
What does Liberty Global do?
In which countries does Liberty Global operate?
What are some of Liberty Global's consumer brands?
What is Liberty Global's focus in its business strategy?
What is Liberty Global's ownership structure?
What sets Liberty Global apart in the market?
How does Liberty Global empower its customers?
What is Liberty Global's approach to partnerships?
What other industries does Liberty Global have stakes in?
What is the significance of Liberty Global's cable networks?
