Liberty Global reports 2.7% revenue growth for Q2

9 Aug 2018

UK-based cable group Liberty Global has reported total second quarter revenue of USD3.05 billion from its continuing operations, i.e. excluding its divisions in Germany, Romania, Hungary and the Czech Republic – which are currently held for sale – and its Austrian unit, the sale of which was completed on 31 July 2018. Revenue growth reached 2.7% year-on-year on a rebased basis. Operating cash flow for the group, meanwhile, totalled USD1.31 billion for the three month period, up 3.3% y-o-y (rebased). In terms of adjusted free cash flow (adjusted FCF), Liberty recorded a loss of USD131.1 million for its continuing operations, on the back of higher CAPEX and financing costs.

Liberty counted a total of 26.08 million RGUs – including 9.45 million video subscriptions, 9.23 million broadband accounts and 7.39 million fixed lines – across 11.64 million customer relationships, plus 5.96 million mobile customers within the footprint of its continuing operations at end-June 2018.

United Kingdom, Liberty Global (incl. LGI)