Revenue Performance - Liberty Global's Q1 2025 total consolidated revenue increased by 7.3% year-over-year to $1,171.2 million, while consolidated Liberty Telecom revenue decreased by 1.1% to $875.5 million[4]. - VMO2 reported revenue of $3,126.3 million, a decline of 4.8% year-over-year, while Adjusted EBITDA remained flat at $1,073.4 million[5]. - VodafoneZiggo's revenue decreased by 5.6% year-over-year to $1,052.0 million, with Adjusted EBITDA down 10.8% to $463.1 million[13]. - Telenet reported revenue of $759.7 million, a decrease of 0.4% YoY on a reported basis, but an increase of 2.7% on a rebased basis[21]. - Telenet confirmed a stable revenue outlook for FY 2024 at €2,851.4 million, with a low to mid-single digit decline in Adjusted EBITDAaL expected[24]. - Total revenue for the three months ended March 31, 2025, was £2,480.1 million, a decrease of 4.2% compared to £2,588.8 million in the same period of 2024[47]. - The company reported a total revenue of €999.1 million for the three months ended March 31, 2025, down 2.6% from €1,026.1 million in the same period of 2024[55]. - Telenet reported a total revenue of €721.2 million for the three months ended March 31, 2025, which is a 2.7% increase from €702.4 million in the same period of 2024[62]. Adjusted EBITDA - Adjusted EBITDA for Liberty Global increased by 14.7% year-over-year to $324.6 million, with Telenet's Adjusted EBITDA at $301.6 million, down 2.2%[4]. - VodafoneZiggo's Adjusted EBITDA for the three months ended March 31, 2025, was €323.8 million, an increase of 2.8% from €314.9 million in the same period of 2024[62]. - Adjusted EBITDA for Telenet was $301.6 million, down 2.2% YoY on a reported basis, but up 0.8% on a rebased basis[21]. - Adjusted EBITDA for the same period was £914.1 million, down 1.3% from £925.7 million year-over-year[47]. - Telenet's U.S. GAAP Adjusted EBITDA for Q1 2025 was €286.4 million, up from €284.1 million in Q1 2024[129]. - Telenet's IFRS Adjusted EBITDA increased to €323.8 million in Q1 2025 from €314.9 million in Q1 2024[129]. Cash Flow and Debt - Cash flows from operating activities for Telenet were $185.0 million, while cash flows from investing activities were -$198.9 million[21]. - The total principal amount of debt and finance leases for Telenet was $9.4 billion, with a blended cost of debt at 3.7%[30]. - As of March 31, 2025, total third-party debt and lease obligations amounted to £21,785.5 million, a decrease from £22,071.7 million as of December 31, 2024[51]. - The net carrying amount of third-party debt and lease obligations was £21,480.0 million as of March 31, 2025, compared to £20,934.9 million at the end of 2024[51]. - Telenet's total third-party debt and lease obligations were €7,165.0 million as of March 31, 2025, down from €7,307.9 million as of December 31, 2024, reflecting a decline of approximately 1.9%[64]. - The leverage ratio for net total debt to annualized adjusted EBITDA was 4.15x as of March 31, 2025[52]. - The average tenor of third-party debt, excluding vendor financing, was 5.0 years as of March 31, 2025[53]. - The leverage ratio for VodafoneZiggo was reported at 4.98x for net total debt to annualized adjusted EBITDA as of March 31, 2025[59]. Customer Metrics - Total mobile subscribers for the consolidated reportable segments reached 2,991,300, with a decrease of 15,500 subscribers compared to the previous quarter[39]. - Fixed-line customer relationships for VMO2 JV decreased by 46,000 quarter-over-quarter, totaling 5,790,100 as of March 31, 2025[46]. - Broadband subscribers for VMO2 JV decreased by 44,000 in the first quarter of 2025, totaling 5,694,900[46]. - The number of homes serviceable increased by 165,300 quarter-over-quarter, reaching 18,420,900 as of March 31, 2025[46]. - The monthly ARPU per fixed-line customer relationship increased to £47.00 from £46.25 year-over-year[46]. - Telenet's organic fixed-line customer relationship net losses were 10,200 for the year-over-year period ending March 31, 2025, an improvement from 17,100 losses in the previous year[72]. Strategic Initiatives - Liberty Global aims to realize $500-$750 million in asset disposals and is prioritizing scale-based investments, including a successful launch of Formula E[3]. - The fair market value of Liberty Global's portfolio increased to $3.3 billion, with the top seven investments comprising approximately 75% of the value[3]. - The company is focused on expanding its infrastructure and platforms to support digital transformation and innovation[82]. - Liberty Global's growth strategy includes investments in scalable businesses across technology, media, sports, and infrastructure sectors[83]. Shareholder Returns - Liberty Global's share repurchase program for 2025 allows for the repurchase of up to 10% of outstanding shares as of December 31, 2024[80]. Foreign Currency and Other Financial Metrics - Foreign currency transaction losses amounted to $1,226.1 million in Q1 2025, a significant increase from gains of $639.2 million in Q1 2024[141]. - The company reported an adjusted free cash flow of £(885.4) million for the three months ended March 31, 2025[47]. - Adjusted Free Cash Flow (Adjusted FCF) for the period includes net cash from operating activities and vendor financed expenses, with cash payments for capital expenditures at $0.8 million and $5.2 million for Q1 2025 and Q1 2024 respectively[96].

Customer Metrics - As of March 31, 2025, the company served 11,512,200 fixed-line customers and 44,212,600 mobile subscribers, with networks passing 29,056,700 homes[229]. - The average number of residential fixed customers decreased, contributing to a decline in subscription revenue[255]. Financial Performance - Earnings from continuing operations for Q1 2025 were $(1,323.3) million, compared to $634.5 million in Q1 2024[240]. - Total consolidated revenue increased by $79.9 million (7.3%) to $1,171.2 million in Q1 2025, driven by a $61.3 million (22.7%) increase in the "all other" category[243]. - Total consolidated Adjusted EBITDA for Q1 2025 was $324.6 million, an increase of 14.7% from $283.0 million in Q1 2024[250]. - The net loss for the company in Q1 2025 was $70.5 million, compared to a net loss of $13.6 million in Q1 2024[288]. - Other income, net, decreased to $19.4 million in Q1 2025 from $36.4 million in Q1 2024, primarily due to lower interest and dividend income[292]. Revenue Breakdown - Revenue from Telenet decreased by $2.9 million (0.4%) to $759.7 million in Q1 2025, while VM Ireland's revenue decreased by $7.2 million (5.9%) to $115.8 million[243]. - Total residential revenue decreased by $27.8 million or 4.7% during the same period, with a significant organic decrease of $9.0 million or 1.5%[255]. - VM Ireland experienced a total revenue decrease of $7.2 million, with a $6.4 million decrease in subscription revenue[247]. - B2B non-subscription revenue increased by $5.3 million or 5.3% on an organic basis, primarily due to growth at Telenet[256]. - Other revenue decreased by $10.7 million or 2.8% on an organic basis, mainly due to lower sales of CPE to joint ventures[257]. Cost and Expenses - The company is experiencing inflationary pressures on labor, programming, and other costs, which may negatively impact operating results and cash flows[231]. - Programming and copyright costs increased by $13.1 million or 8.7%, primarily due to higher content costs at Telenet[262]. - Personnel costs increased by $4.4 million or 7.6%, primarily due to higher average costs per employee at Telenet[265]. - SG&A expenses (excluding share-based compensation) increased by $26.6 million or 11.7% in Q1 2025 compared to Q1 2024, with an organic increase of $0.9 million or 0.3%[269]. - Depreciation and amortization expense rose to $232.2 million in Q1 2025, up from $222.7 million in Q1 2024, marking a $16.2 million or 7.3% increase[272]. Joint Ventures - The company has a 50% noncontrolling interest in both the VMO2 JV and the VodafoneZiggo JV, accounted for as equity method investments[236]. - The VMO2 JV reported a slight decrease in Adjusted EBITDA to $1,073.4 million in Q1 2025, while VodafoneZiggo JV's Adjusted EBITDA decreased by $55.9 million (10.8%) to $463.1 million[250]. - The VMO2 joint venture reported revenue of $3,126.3 million in Q1 2025, down from $3,282.8 million in Q1 2024[285]. - VMO2 JV's revenue decreased to $1,052.0 million in Q1 2025 from $1,114.0 million in Q1 2024, a decline of 5.6%[288]. Market Conditions - The competitive environment has adversely impacted revenue, customer numbers, and average monthly subscription revenue per fixed-line customer or mobile subscriber[230]. - The company noted competition across all markets, adversely affecting customer growth and ARPU[241]. - The company’s operations are subject to various risks, including regulatory changes, competition, and economic conditions in the countries of operation[222]. Foreign Exchange Impact - Changes in foreign currency exchange rates significantly impacted reported operating results, primarily due to exposure to the euro[234]. - Foreign currency transaction losses totaled $1,081.0 million in Q1 2025, compared to gains of $559.3 million in Q1 2024[281]. Capital Management - The company expects to maintain significant levels of interest expense due to its capital structure and debt management strategy[301]. - As of March 31, 2025, the consolidated debt amounted to $9.4 billion, with $1.1 billion classified as current and $3.0 billion not due until 2029 or later[323]. - The company maintained compliance with its debt covenants as of March 31, 2025, and does not anticipate any material adverse impacts on liquidity in the next 12 months[322]. Future Outlook - Future outlook includes a focus on improving customer retention and exploring new product offerings to enhance revenue streams[242]. - The company’s ability to service or refinance its debt is closely tied to maintaining or increasing Adjusted EBITDA across its subsidiaries[322].

Financial Data and Key Metrics Changes - The company delivered over $4 billion in shareholder remuneration in 2024, compared to a market of $7 billion just twelve months ago [10] - The aggregate revenue from Liberty Telecom reached $22 billion, with approximately $8 billion in aggregate EBITDA [11] - The company achieved all fourteen of its financial guidance metrics for 2024, except for one related to VodafoneZigo revenue, which came in flat [25] Business Line Data and Key Metrics Changes - Liberty Telecom consists of four European telcos, serving 80 million fixed to mobile connections [11] - Liberty Growth, a portfolio of investments in technology, media, sports, and infrastructure, is valued at $3.1 billion [12] - Liberty Services generated nearly $600 million in annual revenue, transitioning over two-thirds of its central employee base into profitable activities [13] Market Data and Key Metrics Changes - VMO2 in the UK saw a strong broadband quarter with 12,000 net adds, despite a flat broadband market overall [42] - Telenet reported a revenue decline of 0.4% year-on-year in Q4, primarily due to a decline in customers [61] - VodafoneZygo experienced a revenue decline of 2.5% in Q4, driven by a decrease in the consumer fixed customer base [62] Company Strategy and Development Direction - The company is focused on maximizing the intrinsic value of its assets and delivering that value to shareholders, including a commitment to spin off 100% of Sunrise [15] - Plans to create a fixed Netco in the UK market are underway, with operational and financial parameters established for around 16 million homes [18] - The company aims to rotate capital into higher return Liberty Growth assets and prioritize infrastructure investments [38] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in generating free cash flow, particularly in the UK and Ireland, as CapEx declines [98] - The company anticipates that the trajectory of free cash flow will improve as CapEx reduces over time [99] - Management highlighted the importance of driving commercial momentum and expanding loyalty programs to reduce churn [35] Other Important Information - The company plans to sell between $500 million and $750 million of non-core assets in 2025 [39] - A substantial cash balance of $2.2 billion was reported at the end of Q4, even after significant capital injections [66] - The company is targeting a buyback of up to 10% of its shares outstanding in 2025 [89] Q&A Session Summary Question: General free cash flow outlook beyond 2025 - Management indicated that free cash flow is a key metric and expects growth in free cash flow across various markets, particularly with the Netco separation in the UK [97] Question: Details on slide fourteen regarding central services business - Management clarified that while increasing MSA fees is a strategy, they are also focused on reducing costs and rethinking the operating model to balance cash upstreaming and maintaining EBITDA [110][114] Question: Update on A shares versus C shares for buyback - Management stated that buybacks are conducted dynamically and did not buy any stock through February 19, 2025, but anticipates future buybacks [120] Question: Acceleration on the handset replacement cycle - Management acknowledged the potential for an acceleration in the handset replacement cycle, influenced by AI functionality [123]

nd 201 LIBERTY GLOBAL INVESTOR CALL Q4 2024 FEBRUARY 19, 2025 (一) 02 02 (1 Forward-Looking Statements + Disclaimer This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements with respect to our strategies, future growth prospects and opportunities; expectations regarding our, our affiliates' and our joint ventures' financial performance, including revenue, Adjusted EBITDA, Adjusted EBITDA Less P&E Additions, Adjusted ...

Exhibit 99.1 Virgin Media Ireland Reports Preliminary Q4 and FY 2024 Results Fiber upgrade program continues to accelerate, with around half of our premises upgraded to full fiber at the end of Q4 Strong B2B revenue growth supported by Wholesale access Sequential and YoY improvement in fixed net adds Denver, Colorado February 18, 2025: Liberty Global Ltd. ("Liberty Global") (NASDAQ: LBTYA, LBTYB, LBTYK) is today providing selected, preliminary unaudited financial and operating information for VM Ireland, a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-K Liberty Global Ltd. (Exact name of Registrant as specified in its charter) Bermuda 98-1750381 ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35961 (State or other jurisdiction of incorporatio ...

Liberty Media announced Wednesday it's spinning off most assets besides Formula One auto racing into a separate publicly traded company, called Liberty Live, and that CEO Greg Maffei is stepping down at year-end.Chairman John Malone will become interim CEO of Liberty Media. Liberty Media's investor day is set to take place on Thursday in Manhattan.After the split, Liberty Media will hold Formula One, which Liberty acquired in 2016 and later spun out as a tracking stock, and MotoGP, upon the closing of that ...

Liberty Global's (LBTYA) shares dipped 3%, at close, after the third quarter of 2024 earnings release on Oct. 30. LBTYA has gained 12.6% year to date (YTD), underperforming the Zacks Computer and Technology sector, the Zacks Wireless National industry and the S&P 500 index's return of 27.6%, 26.1% and 22.5%, respectively. LBTYA's loss from continuing operations in the third quarter of 2024 amounted to $1.4 billion against a profit of $822 million in the year-ago quarter. Revenues increased 1.4% year over ye ...

Liberty Global Ltd. (NASDAQ:LBTYA) Q3 2024 Earnings Conference Call October 30, 2024 9:00 AM ET Company Participants Mike Fries - CEO Charlie Bracken - EVP and CFO Lutz Schüler - CEO, Virgin Media Stephen van Rooyen - CEO, VodafoneZiggo André Krause - CEO, Sunrise Conference Call Participants Robert Grindle - Deutsche Bank Maurice Patrick - Barclays Joshua Mills - BNP Paribas Steve Malcolm - Redburn Ulrich Rathe - Bernstein Societe Generale Group James Ratzer - New Street Research Dhruva Shah - UBS Operator ...

Exhibit 99.1 1 Liberty Global Reports Q3 2024 Results Sequential improvement in aggregate broadband & postpaid mobile net adds across all markets; fiber deployments ramping in U.K. & Belgium 1 On track to achieve all full-year guidance targets , including Sunrise Adjusted Free Cash Flow guidance refined at Capital Markets Day Sunrise spin approved at EGM (99% in favor) with distribution set for November 12th; planned debt paydown of CHF 1.5b Next phase of value creation post the Sunrise spin, focused on man ...