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Liberty Global (LBTYA) Reports Q1 Revenues Beat
May 6, 2020 6:22 PM EDTLiberty Global (NASDAQ: LBTYA) reported Q1 revenue for the quarter came in at $2.88 billion versus the consensus estimate of $2.82 billion.
Q1 Highlights
Q1 reported revenue growth of 0.3%; rebased1 revenue decrease of 0.3%Q1 operating income increased 166% YoY to $280.6 millionQ1 rebased1 OCF2 declined 3.6% to $1,150.3 millionQ1 property & equipment additions spend at 22.8% of revenue as compared to 24.4% in Q1 2019Built 123,000 new premises during Q1, including 93,000 new premises in the U.K. & IrelandSolid balance sheet with $10.3 billion of liquidity3Comprising $5.4 billion of cash, $2.0 billion of investments held under Separately Managed Accounts... More