Liberty narrows losses for Q4

16 Feb 2021

UK-based cable group Liberty Global has reported revenue of USD3.43 billion for Q4 2020, an increase of 14.9% year-on-year, although this was driven primarily by the group’s acquisition of Sunrise Communications in Switzerland and on a rebased basis turnover dipped by 0.5%. Liberty attributed the slowdown to COVID-19-related impacts such as the loss of premium sports content and lower mobile roaming revenue. Similarly, adjusted EBITDA for the period was USD1.35 billion, up by 5.8% y-o-y on a reported basis but down by 6.2% on a rebased basis. Net loss attributed to shareholders was USD1.03 billion for the three month period, narrowing from USD1.39 billion in Q4 2019.

As at end-December 2020 Liberty counted a total of 26.09 million fixed line RGUs and 11.30 million customer relationships across its markets, including 10.07 million internet subscriptions. The operator’s mobile subscriber base stood at 8.54 million at that date, up from 6.41 million three months earlier, bolstered by the addition of Sunrise’s user base during the period.

United Kingdom, Liberty Global (incl. LGI)