Liberty registers full year profit of USD725m

28 Feb 2019

UK-based Liberty Global has reported total revenue from continuing operations of USD12.0 billion for the full year ended 31 December 2018, an increase of 2.2% year-on-year on a rebased basis. Turnover for Q4 2018, meanwhile, was USD3.0 billion, up 1.2% y-o-y (rebased). Operating Cash Flow for the group totalled USD5.2 billion for the twelve-month period (an increase of 3.5% y-o-y, rebased) and USD1.3 billion for the quarter, representing a 2.9% increase from Q4 2017. Net earnings for the year totalled USD725.3 million, reversing a loss of USD2.8 billion in 2017.

Liberty counted a total of 10.8 million customer relationships across its continuing operations – including its Swiss subsidiary, the sale of which was announced today – with 25.3 million RGUs comprising 9.3 million broadband, 8.6 million video and 7.4 million telephony subscriptions.

United Kingdom, Liberty Global (incl. LGI)