Strong financial showing for Liberty Global

Liberty Global have announced financial and operating results for the three months (“Q3”) and nine months (“YTD”) ending September 30, 2013. Highlights for the 2013 periods as compared to the same periods for 2012 (unless noted) include:

  • Organic RGU1 additions of 878,000 YTD, including 314,000 in Q3 2013
  • Combined2 YTD rebased3 growth of 4% for revenue and 5% for Operating Cash Flow4
  • Combined Adjusted FCF5 increased 24% to $968 million YTD, including $208 million in Q3
  • Share buybacks of nearly $500 million in Q3 and $1.0 billion through October 2013

“These results were driven by the continued appeal of our market-leading bundles, featuring the most advanced video and broadband services available,” says Liberty Global’s President and CEO Mike Fries. “We’ve added over 870,000 subscribers YTD, with Q3 additions of 314,000 representing a 64% sequential increase over our second quarter RGU additions. In the U.K., penetration of our TiVo product is approaching 50%, while Horizon TV has been launched in four European markets, most recently in Germany and Ireland. On the broadband front, we’ve been substantially increasing maximum download speeds above 200 Mbps in many markets, and at the same time refocusing the feature bundles in most of our fall campaigns to include broadband tiers of at least 100 Mbps.”

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