Announcement • Jun 19
Liberty Global Ltd. to Report Q2, 2024 Results on Jul 25, 2024 Liberty Global Ltd. announced that they will report Q2, 2024 results on Jul 25, 2024 Announcement • Apr 10
Liberty Global Ltd. to Report Q1, 2024 Results on May 01, 2024 Liberty Global Ltd. announced that they will report Q1, 2024 results on May 01, 2024 Announcement • Apr 04
Liberty Global Ltd., Annual General Meeting, May 21, 2024 Liberty Global Ltd., Annual General Meeting, May 21, 2024, at 15:00 US Eastern Standard Time. Location: Rosewood Bermuda, 60 Tucker’s Point Drive Hamilton Parish, HS 02 Bermuda Hamilton Parish Bermuda Agenda: To consider proposal to elect John C. Malone, Michael T. Fries, Paul A. Gould and Larry Romrell to serve as Class II members of company board of directors until the 2027 Annual General Meeting of Shareholders or until one or more of their successors in interest is appointed; and to consider proposal to ratify the selection of KPMG LLP as Liberty Global’s independent auditor for the year ending December 31, 2024. Announcement • Mar 06
Liberty Global Ltd. Announces Appointment of Severina Pascu as Senior Vice President, Effective from March 15, 2024 Liberty Global Ltd. announced the appointment of Severina Pascu as Senior Vice President Since joining Liberty Global in 2007 as CFO of UPC Romania, Severina has held leadership positions in many of Liberty Global’s European operations, including helping lead the turnaround of UPC Switzerland as CEO before moving to Virgin Media as CFO and Deputy CEO, supporting the transformation of the UK business. Most recently, Severina was instrumental in driving and shaping the successful merger of Sunrise and UPC Switzerland as Deputy CEO and Chief Commercial Officer for Sunrise. Prior to joining Liberty Global, Ms. Pascu held a number of senior management positions in leading international companies. From 2005 until 2007, she held an executive position at CAIB Romania, one of the main investment banks in Central Europe. Between 2000 and 2005 she was part of the management of US telecommunications company Metromedia International. Ms. Pascu, a graduate of the Bucharest Academy of Economic Studies, began her career in 1996 at KPMG Romania. She will start in her new role on March 15, 2024. Announcement • Feb 01
Liberty Global Ltd. to Report Q4, 2023 Results on Feb 15, 2024 Liberty Global Ltd. announced that they will report Q4, 2023 results on Feb 15, 2024 Announcement • Dec 11
Banijay Reportedly Pulls Out of Race for All3Media Banijay Group S.A.S., the French TV production group owned by FL Entertainment, has pulled out of talks to buy British rival All3Media Limited, said three people with knowledge of the matter. All3Media's joint owners, Liberty Global Ltd. (NasdaqGS:LBTY.A) and Warner Bros. Discovery, Inc. (NasdaqGS:WBD), are instead pursuing a deal with another buyer with the hopes of agreeing a deal by Christmas, one of the people said. The identity of this bidder could not be learned by Reuters. Bidders submitted binding offers for the 'Fleabag' and 'The Traitors' maker last month, with the owners seeking a price of around GBP 1.3 billion ($1.64 billion), Reuters reported last month. But Banijay, which makes 'Big Brother', 'Survivor' and 'Black Mirror', dropped out earlier this week after it did not meet the seller's price expectations, two of the people said, speaking on condition of anonymity. Spokespeople for Banijay, Liberty Global and Warner Bros. declined to comment. Announcement • Nov 25
Liberty Global plc Files Form 15 Liberty Global plc has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its Class A ordinary shares, Class B ordinary shares, and Class C ordinary shares under the Securities Exchange Act of 1934, as amended. The par value of the company's Class A ordinary shares, Class B ordinary shares, and Class C ordinary shares were $0.01 per share. New Risk • Nov 19
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$685k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risk Significant insider selling over the past 3 months (US$685k sold). Recent Insider Transactions • Nov 19
Independent Director recently sold US$505k worth of stock On the 17th of November, Miranda T. Curtis sold around 31k shares on-market at roughly US$16.20 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$700k more than they bought in the last 12 months. Announcement • Nov 03
Liberty Global plc Reiterates Revenue Guidance for the Year 2023 Liberty Global plc reiterated revenue guidance for the year 2023. For the year, the company reiterated Revenue growth (rebased): Between 1-2%. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: US$1.64 (vs US$4.92 in 3Q 2022) Third quarter 2023 results: EPS: US$1.64 (down from US$4.92 in 3Q 2022). Revenue: US$1.85b (up 6.2% from 3Q 2022). Net income: US$659.2m (down 72% from 3Q 2022). Profit margin: 36% (down from 135% in 3Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 1.9% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Announcement • Sep 13
Liberty Global plc to Report Q3, 2023 Results on Oct 31, 2023 Liberty Global plc announced that they will report Q3, 2023 results on Oct 31, 2023 Announcement • Jul 26
Liberty Global plc Provides Earnings Guidance for the Year 2023 Liberty Global plc provided earnings guidance for the year 2023. On a reported basis, the company expected revenue growth for the full year 2023 would be between 1-2% (FY 2022 rebased: €2,812.7 million). Reported Earnings • Jul 25
Second quarter 2023 earnings released: US$1.13 loss per share (vs US$3.87 profit in 2Q 2022) Second quarter 2023 results: US$1.13 loss per share (down from US$3.87 profit in 2Q 2022). Revenue: US$1.85b (up 5.3% from 2Q 2022). Net loss: US$499.6m (down 126% from profit in 2Q 2022). Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Telecom industry in Europe. Announcement • Jul 23
Liberty Global plc Announces Appointment of Tony Werner to Board of Directors Liberty Global plc announced the addition of Tony Werner to its Board of Directors. For 16 years, Mr. Werner previously served as Chief Technology Officer and then President, Technology, Products and Experience at Comcast Cable, part of Comcast Corporation, a global media and technology company which delivers world-class broadband, wireless, and video through Xfinity and Comcast Business in the US, and Sky in Europe. Through its affiliates, Comcast also produces, distributes, and streams leading entertainment, sports, and news with brands that include NBC, Telemundo, Universal, Peacock, and Sky. Prior to Comcast, Mr. Werner served as Senior Vice President and Chief Technology Officer for Liberty Global, where he led the company's global strategy for video, voice and data services. He has more than 40 years of engineering and technical management experience, having also held senior management positions with Qwest Communications, Aurora Networks, TeleCommunications Inc., AT&T Broadband, and Rogers Communications. Mr. Werner served as President and Chairman of the Board of Directors of the Society of Cable Telecommunications Engineers (SCTE) and the SCTE Foundation from 2015-2017. He has been inducted into the Broadcasting & Cable Hall of Fame, as well as the Cable Hall of Fame. In 2000, he received the NCTA Vanguard award for Science and Technology and in 2016 he received a Technical Emmy award for Lifetime Achievement. Announcement • Jun 10
Liberty Global plc, Annual General Meeting, Jul 13, 2023 Liberty Global plc, Annual General Meeting, Jul 13, 2023, at 17:00 Mountain Daylight. Location: 1550 Wewatta Street, Suite 1000, Denver Colorado United States Agenda: To approve the scheme and give the board the authority to carry out the procedural actions necessary to implement the scheme; to authorize the reduction of the company's share capital associated with the cancellation and extinguishment of the scheme shares; to approve the issuance of the new shares to new liberty as part of the scheme such that liberty global will become a wholly owned subsidiary of new liberty; to amend the articles to ensure that any additional liberty shares issued pursuant to the liberty equity incentive plans, or otherwise, are, dependent on timing, subject to the scheme or exchanged for new liberty shares; and to approve the adjournment of the general meeting, if necessary, to solicit additional votes if there are insufficient votes in favor of the scheme resolutions. Announcement • May 26
Liberty Global plc to Report Q2, 2023 Results on Jul 24, 2023 Liberty Global plc announced that they will report Q2, 2023 results on Jul 24, 2023 Reported Earnings • May 10
First quarter 2023 earnings released: US$1.59 loss per share (vs US$1.93 profit in 1Q 2022) First quarter 2023 results: US$1.59 loss per share (down from US$1.93 profit in 1Q 2022). Revenue: US$1.87b (flat on 1Q 2022). Net loss: US$721.4m (down 172% from profit in 1Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 2.1% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: US$1.21 (vs US$24.01 in FY 2021) Full year 2022 results: EPS: US$1.21 (down from US$24.01 in FY 2021). Revenue: US$7.20b (down 30% from FY 2021). Net income: US$592.2m (down 96% from FY 2021). Profit margin: 8.2% (down from 129% in FY 2021). Revenue is forecast to stay flat during the next 3 years compared to a 2.2% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Feb 15
Liberty Global plc (NasdaqGS:LBTY.A) acquired 4.92% stake in Vodafone Group Public Limited Company (LSE:VOD). Liberty Global plc (NasdaqGS:LBTY.A) acquired 4.92% stake in Vodafone Group Public Limited Company (LSE:VOD) on February 13, 2023. At current market prices, the stake purchased by Liberty Global is worth £1.22 billion. The transaction was principally funded through an attractive non-recourse financing, requiring equity funding from Liberty Global of approximately £225 million.
Liberty Global plc (NasdaqGS:LBTY.A) completed the acquisition 4.92% stake in Vodafone Group Public Limited Company (LSE:VOD) on February 13, 2023. Announcement • Jan 11
Liberty Global plc to Report Fiscal Year 2022 Results on Feb 22, 2023 Liberty Global plc announced that they will report fiscal year 2022 results at 4:00 PM, US Eastern Standard Time on Feb 22, 2023 Reported Earnings • Nov 02
Third quarter 2022 earnings released: EPS: US$4.92 (vs US$0.50 in 3Q 2021) Third quarter 2022 results: EPS: US$4.92 (up from US$0.50 in 3Q 2021). Revenue: US$1.75b (down 8.2% from 3Q 2021). Net income: US$2.35b (up US$2.07b from 3Q 2021). Revenue is forecast to stay flat during the next 3 years compared to a 2.6% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Aug 19
Senior VP & Chief Accounting Officer recently sold US$166k worth of stock On the 16th of August, Jason Waldron sold around 8k shares on-market at roughly US$22.10 per share. In the last 3 months, there was an even bigger sale from another insider worth US$603k. Insiders have been net sellers, collectively disposing of US$2.2m more than they bought in the last 12 months. Recent Insider Transactions • Aug 12
Senior VP & Chief Accounting Officer recently sold US$170k worth of stock On the 8th of August, Jason Waldron sold around 8k shares on-market at roughly US$21.65 per share. In the last 3 months, there was an even bigger sale from another insider worth US$603k. Insiders have been net sellers, collectively disposing of US$2.1m more than they bought in the last 12 months. Reported Earnings • Jul 31
Second quarter 2022 earnings released: EPS: US$3.87 (vs US$19.94 in 2Q 2021) Second quarter 2022 results: EPS: US$3.87 (down from US$19.94 in 2Q 2021). Revenue: US$1.75b (down 41% from 2Q 2021). Net income: US$1.94b (down 83% from 2Q 2021). Over the next year, revenue is expected to shrink by 2.3% compared to a 3.2% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Jun 10
Executive VP & CFO recently sold US$603k worth of stock On the 8th of June, Charles H. Bracken sold around 25k shares on-market at roughly US$24.12 per share. This was the largest sale by an insider in the last 3 months. Charles H. has been a seller over the last 12 months, reducing personal holdings by US$1.4m. Reported Earnings • May 11
First quarter 2022 earnings released First quarter 2022 results: Revenue: US$1.85b (down 49% from 1Q 2021). Net income: US$1.00b (down 28% from 1Q 2021). Profit margin: 54% (up from 38% in 1Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is expected to shrink by 13% compared to a 2.5% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 129% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Apr 03
Senior VP & Chief Accounting Officer recently sold US$296k worth of stock On the 29th of March, Jason Waldron sold around 11k shares on-market at roughly US$26.27 per share. In the last 3 months, there was an even bigger sale from another insider worth US$503k. Insiders have been net sellers, collectively disposing of US$1.7m more than they bought in the last 12 months. Reported Earnings • Feb 18
Full year 2021 earnings: Revenues miss analyst expectations Full year 2021 results: Revenue: US$10.3b (down 14% from FY 2020). Net income: US$13.3b (up US$15.0b from FY 2020). Revenue missed analyst estimates by 2.0%. Over the next year, revenue is expected to shrink by 26% compared to a 3.1% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Dec 13
Executive VP & CFO recently sold US$251k worth of stock On the 8th of December, Charles H. Bracken sold around 9k shares on-market at roughly US$27.50 per share. This was the largest sale by an insider in the last 3 months. Charles H. has been a seller over the last 12 months, reducing personal holdings by US$867k. Reported Earnings • Nov 05
Third quarter 2021 earnings released: EPS US$0.50 (vs US$1.73 loss in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: US$1.90b (down 36% from 3Q 2020). Net income: US$274.0m (up US$1.30b from 3Q 2020). Profit margin: 14% (up from net loss in 3Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 31
Second quarter 2021 earnings released: EPS US$19.93 (vs US$0.86 loss in 2Q 2020) Second quarter 2021 results: Revenue: US$3.11b (up 14% from 2Q 2020). Net income: US$11.1b (up US$11.7b from 2Q 2020). Recent Insider Transactions • May 13
Executive VP & CFO recently sold US$615k worth of stock On the 7th of May, Charles H. Bracken sold around 22k shares on-market at roughly US$27.72 per share. This was the largest sale by an insider in the last 3 months. Charles H. has been a seller over the last 12 months, reducing personal holdings by US$1.2m. Reported Earnings • May 07
First quarter 2021 earnings released: EPS US$2.44 (vs US$1.51 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$3.62b (up 26% from 1Q 2020). Net income: US$1.39b (up 46% from 1Q 2020). Profit margin: 38% (up from 33% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 19
Full year 2020 earnings released: US$2.70 loss per share (vs US$2.16 loss in FY 2019) The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: US$12.0b (up 3.8% from FY 2019). Net loss: US$1.63b (loss widened 6.7% from FY 2019). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Feb 19
Revenue beats expectations Revenue exceeded analyst estimates by 1.6%. Over the next year, revenue is forecast to grow 16%, compared to a 6.8% growth forecast for the Telecom industry in the United Kingdom. Recent Insider Transactions • Jan 06
Senior VP & Chief Development Officer recently sold US$296k worth of stock On the 30th of December, Andrea Salvato sold around 12k shares on-market at roughly US$24.67 per share. In the last 3 months, there was an even bigger sale from another insider worth US$634k. Insiders have been net sellers, collectively disposing of US$2.1m more than they bought in the last 12 months. Recent Insider Transactions • Nov 25
Executive VP & CFO recently sold US$634k worth of stock On the 20th of November, Charles H. Bracken sold around 28k shares on-market at roughly US$22.83 per share. This was the largest sale by an insider in the last 3 months. This was Charles H.'s only on-market trade for the last 12 months. 
