LGI trims net losses to USD1m

7 May 2013

US-based Liberty Global Inc (LGI) has booked a net loss of USD1.0 million for the first three months of 2013, improving from losses of USD25.1 million in the corresponding period of 2012. Revenues increased by 9.1% year-on-year to USD2.768 billion, fuelled by increased mobile and broadband data use and boosted by the acquisition of OneLink in Puerto Rico. Operating income for the period was USD525.4 million, increasing from USD494.3 million a year earlier. LGI’s Belgian, Chilean and German units saw y-o-y revenue of growth of more than 10%, increasing by 12.3%, 11.5%, and 10.3% respectively. Total revenue generating units (RGUs) increased by 5.5% annually and 1.1% on a quarterly basis to 35.212 million, whilst total customers increased by 0.8% from Q1 2012 to 19.746 million but dipped by 0.2% from 19.788 million in Q4 2012. LGI continues to convert its subscribers to multi-play packages, registering a 6.8% y-o-y drop in single-play customers alongside a 13.8% growth of triple-play users.

United States, Liberty Global (incl. LGI)