Liberty books 0.2% increase in full year revenue

16 Feb 2016

UK-based Liberty Global has published its year-end results for 2015, booking a 0.2% year-on-year increase in annual turnover to USD18.28 billion and a 0.1% dip in quarterly revenue to USD4.60 billion. Operating cash flow for the quarter was USD2.19 billion, an improvement of 2.5% y-o-y, and USD8.67 billion for the full year, up 1.7%. Free cash flow, meanwhile, edged up 2.1% to USD826.6 million in Q4, but grew a more substantial 16.0% for the twelve-month period to USD2.52 billion. Liberty attributed the growth to its ‘Liberty 3.0’ strategy, which aims to ‘enhance revenue and operating cash flow by focusing on B2B, mobile, network expansion and cost controls.’

In operational terms, the group counted 53.552 million revenue generating units (RGUs), up 1.6% compared to December 2014, and including 22.756 million video RGUs (down 1.5% y-o-y), 16.798 million broadband subscriptions (4.1%) and 13.998 million telephony users (3.9%). Multi-play bundles continued to grow in popularity, with Liberty reporting a total of 2.08 RGUs per customer relationship compared to 2.04 a year earlier. At the end of December 2015, 45.4% of Liberty’s customers were signed up to triple-play plans, 16.7% took double-play contracts and the remaining 37.9% were subscribed to single-play deals.

United Kingdom, Liberty Global (incl. LGI)