Liberty Global’s Q3 Results Top Expectations

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Liberty Global ($NASDAQ:LBTYA)’s Q3 revenue of $1.75 billion beat analyst expectations by $20 million. The company’s financial performance was highlighted by accelerating Adjusted EBITDA growth at VMO2, VodafoneZiggo and Telenet. Liberty Global continued to deliver aggregate broadband and postpaid mobile net additions across core FMC markets. The company is making ongoing investments in fixed network upgrades and 5G coverage to support its leading FMC market positions. Liberty Global completed share repurchases of $1.2 billion in Q3.

Liberty Global’s strong financial performance in Q3 was driven by accelerating Adjusted EBITDA growth at VMO2, VodafoneZiggo and Telenet. The company also continued to deliver solid broadband and postpaid mobile net additions across core FMC markets. Going forward, Liberty Global is committed to making further investments in fixed network upgrades and 5G coverage to support its leading market positions.

Earnings

In its latest earning report for the fiscal year 2022 second quarter ending June 30, Liberty Global reported total revenue of $7.4 billion and net income of $4.7 billion. This represents a 28.2% decrease in total revenue and a 64.9% decrease in net income compared to the same period last year. Despite the decreases, Liberty Global’s total revenue has still grown significantly over the last three years, from $11.5 billion to $7.4 billion. The company attributes this growth to its continued focus on expanding its customer base and offering new and innovative products and services.

The company provides TV, broadband, telephony, and mobile services to residential and business customers. Liberty Global is headquartered in Denver, Colorado.

Price History

The company’s stock opened at $17.0 and closed at $17.0, up by 0.9% from previous closing price of 16.9. So far, the media coverage of the results has been mostly positive. Some analysts are attributing the strong results to LIBERTY GLOBAL‘s focus on growth markets and its successful execution of its strategy. Others believe that the company’s focus on operational efficiency is also paying off.

Whatever the reason, it is clear that LIBERTY GLOBAL is doing something right. The company’s share price has been on a steady upwards trend since the beginning of the year, and it doesn’t look like this is going to change anytime soon.

VI Analysis

A company’s fundamentals reflect its long-term potential. However, a company may have strong fundamentals but be a high-risk investment due to financial or business aspects. The VI Risk Rating app has detected 3 risk warnings in income sheet, balance sheet, and financial journal for LIBERTY GLOBAL. Register with us to check it out.

VI Peers

Liberty Global PLC is one of the world’s leading broadband providers. It has operations in 14 countries and over 27 million customers. Its main competitors are Comcast Corp, Paramount Global, Megacable Holdings SAB de CV.

– Comcast Corp ($NASDAQ:CMCSA)

Comcast is a publicly traded company that provides communication, information, and entertainment products and services. The company has a market capitalization of 137.22 billion as of 2022 and a return on equity of 9.26%. Comcast operates in four segments: cable communications, cable networks, broadcast television, and filmed entertainment. The company’s products and services include video, high-speed Internet, voice, and home security and automation. Comcast is headquartered in Philadelphia, Pennsylvania.

– Paramount Global ($NASDAQ:PARA)

Paramount Global is a leading provider of global e-commerce and online marketing solutions. The company has a market cap of 12 billion as of 2022 and a return on equity of 13.69%. Paramount Global provides a suite of integrated e-commerce and online marketing services that enable businesses to reach their customers worldwide. The company offers a full range of services, including website design and development, search engine optimization, pay per click management, email marketing, social media marketing, and web analytics. Paramount Global has a team of experienced online marketing professionals who are dedicated to helping businesses grow their online presence and reach their target audiences.

– Megacable Holdings SAB de CV ($OTCPK:MHSDF)

As of 2022, Megacable Holdings SAB de CV has a market cap of 3.65B and a Return on Equity of 11.33%. Megacable Holdings SAB de CV is a Mexican telecommunications company that provides cable television, broadband Internet, and telephone services in Mexico.

Summary

The company offers a wide range of services, including digital video, high-speed Internet, and telephony services. Liberty Global has a strong track record of delivering shareholder value. Investors are drawn to Liberty Global for its growth potential. The company is well-positioned to benefit from the continued global expansion of the cable industry. Liberty Global is also committed to returning cash to shareholders through regular dividends and share repurchases.