Welcome to our dedicated page for Liberty Global news (Ticker: LBTYB), a resource for investors and traders seeking the latest updates and insights on Liberty Global stock.
Liberty Global (LBTYB) delivers next-generation connectivity solutions across Europe through its advanced cable networks and digital services. This dedicated news hub provides investors and industry observers with essential updates about the company's strategic developments.
Access consolidated coverage of earnings announcements, technology deployments, and market expansions alongside regulatory filings and leadership updates. Our repository ensures you stay informed about critical initiatives in European telecommunications infrastructure and converged service offerings.
Discover timely information on network investments, partnership formations, and innovation milestones that shape Liberty Global's position in competitive markets. All content is curated to meet investor needs for accuracy and context without promotional bias.
Bookmark this page for streamlined access to verified LBTYB developments. Check regularly for updates reflecting the company's evolving role in digital connectivity across residential and commercial sectors.
Liberty Global reported Q3 2024 results showing sequential improvement in broadband and mobile net adds across markets. Revenue increased 4.4% YoY to $1.93 billion, while net loss was $1.41 billion. The company is on track to achieve full-year guidance targets. Key developments include the approved Sunrise spin-off set for November 12th with planned debt paydown of CHF 1.5b, and approximately $900 million in asset proceeds expected from transactions announced over the last year. The company holds $3.5 billion in cash, expected to be ~$2 billion by year-end after $1.4 billion capital injection into Sunrise. Liberty Global has acquired ~8% of outstanding shares through October 25 against 10% target by year-end.
Liberty Global (NASDAQ: LBTYA, LBTYB, LBTYK) has announced key dates for the 100% spin-off of Sunrise. A special shareholder meeting will be held on October 25, 2024, with the distribution record date set for November 4, 2024. Sunrise American Depository Shares (ADSs) will be distributed on November 12, 2024. Sunrise Class A ADSs are expected to trade on Nasdaq on a when-issued basis from November 4, 2024, with regular trading beginning on November 13, 2024. Sunrise Class A shares will be listed on the SIX Swiss Exchange, with trading expected to start on November 15, 2024.
The distribution ratio is 1 Sunrise Class A ADS for every 5 Liberty Global Class A or C shares, and 2 Sunrise Class B ADSs for every 1 Liberty Global Class B share. ADS holders can exchange their ADSs for underlying Sunrise shares starting November 14, 2024. After the spin-off, Sunrise will be an independent, publicly traded Swiss company, while Liberty Global will continue to operate its businesses in Belgium, Ireland, Slovakia, the U.K., and the Netherlands.
Liberty Global (NASDAQ: LBTYA, LBTYB, LBTYK) has announced the release date for its third quarter 2024 financial results. The company will publish its Q3 2024 results on Tuesday, October 29, 2024. Following the release, Liberty Global will host an Investor Call on Wednesday, October 30, 2024, at 09:00 a.m. Eastern Time. During this call, the company's management team will discuss the quarterly results and may provide additional forward-looking information. This event offers an opportunity for investors and analysts to gain insights into Liberty Global's performance and future outlook.
Liberty Global and Sunrise Communications AG have announced an investor call scheduled for September 10, 2024, at 12:00 p.m. Eastern Time. The call will discuss the recently published preliminary F-4 filing with the SEC regarding the planned spin-off of Sunrise in Q4 2024.
The call will be led by Liberty Global's General Counsel, Bryan H. Hall, and the investor relations team. They will address investor questions specifically related to technical matters in the F-4 filing, including spin mechanics. Participants are encouraged to pre-register using the provided link to receive call access details and a unique PIN.
For those unable to pre-register, alternative access numbers are provided. A replay of the call will be available on the company's Investor Relations website for at least 30 days after the event.
Liberty Global (NASDAQ: LBTYA, LBTYB, LBTYK) is set to present at the Goldman Sachs European Communacopia Conference on September 17, 2024 at 7:20 a.m. Mountain Time. The company plans to discuss its historical performance and future outlook during the presentation. Investors and interested parties can access the live webcast on Liberty Global's website. The presentation will be archived for approximately 30 days in the Investor Relations section of the company's website, allowing those unable to attend the live event to review the information later.
Liberty Global (NASDAQ: LBTYA, LBTYB, LBTYK) has released its 2023 People Planet Progress report, highlighting sustainability and social impact achievements. Key points include:
- 44% women in workforce (Netherlands, UK, US)
- 28% decrease in carbon emissions since 2019
- Over 225,000 people benefited from affordable connectivity packages
- 1.9 million people impacted by digital skills programs
- 92% renewable electricity procured
- 600,000+ devices refurbished
- Increased CDP rating to B grade
The company joined the UN Global Compact and aims to have 45% women in its workforce by 2025.
Liberty Global reported Q2 2024 financial results, highlighting strategic progress and strong financial performance. Key points include:
- Sunrise spin-off on track for Q4 2024
- $3.5 billion consolidated cash balance
- Strong performance in Netherlands, momentum in Switzerland, and fixed ARPU recovery in UK
- Revenue of $1,873.7 million, up 2.2% YoY on a rebased basis
- Net earnings of $275.2 million, up 153.8% YoY
- Adjusted EBITDA of $604.7 million, up 1.0% YoY on a rebased basis
The company updated VMO2's full-year revenue guidance to 'low to mid-single-digit decline' due to lower handset sales, but remains on track for other OpCo guidance targets. Liberty Global continues to focus on maximizing FMC value, leveraging its Ventures portfolio, and delivering shareholder value.
Liberty Global has announced a Sunrise Capital Markets Day on September 9, 2024, ahead of its planned spin-off on the SIX Swiss Exchange in Q4 2024. The event will feature presentations by the Sunrise management team, outlining their operating strategy and financial outlook. Following the event, a roadshow will be conducted by Sunrise's CEO and CFO. The event will be webcast live on both the Sunrise and Liberty Global websites, starting at 13:30 CEST / 7:30 EDT, with a replay available for 90 days. A detailed agenda will be released before the event.
Liberty Global (NASDAQ: LBTYA, LBTYB, LBTYK) has announced it will release its second quarter 2024 financial results on July 25, 2024. The company will hold an investor call on July 26, 2024, at 09:00 a.m. (Eastern Time) to discuss these results. During the call, company management will provide detailed insights and may address other business matters.
Liberty Global (NASDAQ: LBTYA) announced its acquisition of Warner Bros. Discovery's shares in the Formula E electric car racing series, increasing its stake to 65% and gaining controlling interest. Formula E, recognized for its environmental sustainability, features 16 races across iconic cities, with top teams like Jaguar, Porsche, and McLaren. The series has nearly 400 million fans worldwide. Liberty Global CEO Mike Fries emphasized the potential for further growth and sustainability integration. The deal, pending regulatory approval, is expected to close by year-end.
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