Business
Liberty Global Reports Q4 and FY 2022 Results
Achieved all 2022 guidance targets across our FMC Champions and exceeded our Full Company1 Distributable Cash Flow guidance at Liberty Global2 Full Year
About this update from Liberty Global Ltd.
[{"type":"text","content":"\nAchieved all 2022 guidance targets across our FMC Champions and exceeded our Full Company1 Distributable Cash Flow guidance at Liberty Global2\n\nFull Year revenue growth driven by B2B, mobile and broadband including a strong Q4 commercial performance with broadband and postpaid adds across all of our FMC Champions\n\nRepurchased 14% of shares outstanding in 2022 and reiterating our 10% buyback floor for 2023\n\nGuiding to stable Distributable Cash Flow at Liberty Global in 20233\n\n DENVER, Colorado--(BUSINESS WIRE)--\nLiberty Global plc today announced its Q4 2022 financial results.\n\nCEO Mike Fries stated, “Our fourth quarter and full year results demonstrate the continued resilience of our business model as we delivered on all guidance metrics, despite challenging macro conditions. There remains ever-increasing demand across our footprint for reliable access to high-quality fixed and mobile connectivity and we continue driving product innovation to ensure superior customer experiences. Financially, while we're not immune from the impacts of high energy and labor costs across our core FMC businesses, we continue to take actions to maintain strong operating margins while further investing in our market-leading fixed and mobile networks. This leaves us well positioned to deliver for shareholders in 2023, underpinned by our 10% minimum buyback commitment and $6 billion of liquidity4, including $3.4 billion of corporate cash(i).\n\nIn Q4, we delivered aggregate5 broadband and postpaid mobile growth of 197,000 net new subscribers, supported by a return to broadband additions across all of our FMC markets as well as continuing positive postpaid trends. On the financial front, we reported stable rebased6 revenue growth in the U.K.7, Belgium, and the Netherlands in Q4 while our rebased revenues across the footprint were broadly stable for the full year. Synergy realization and price adjustments helped support 10%(ii) rebased Adjusted EBITDA growth in the U.K. and 5%(ii) in Belgium in the fourth quarter, along with stable to growing rebased Adjusted EBITDA across all FMC markets for the full year.\n\nWe made big strides on our fixed network strategies in 2022, including the formation of our new joint venture in the U.K. (nexfibre), our FTTH agreement with Fluvius in Belgium and the strong start to our FTTH overlay in Ireland. Furth...