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Liberty Global Reports Third Quarter 2012 Results

Liberty Global, Inc. (“Liberty Global,” “LGI,” or the “Company”) (NASDAQ: LBTYA, LBTYB and LBTYK), today announces financial and operating results for the third quarter ended September 30, 2012 (“Q3”). Highlights for Q3, as compared to the same period last year (unless noted), include: 1

  • YTD organic RGU 2 additions of 1.1 million, including 320,000 in Q3
  • Revenue of $2.52 billion, representing rebased 3 growth of 6%
  • Operating Cash Flow (“OCF”) 4 of $1.22 billion, reflecting rebased growth of 5%
  • Operating income increased 5% to $509 million
  • YTD Adjusted Free Cash Flow (“Adjusted FCF”) 5 increased 4% to $440 million
  • YTD 2012 stock repurchases totaled approximately $620 million

Liberty Global President and CEO Mike Fries stated, “We delivered our strongest quarter of the year in terms of rebased revenue and OCF performance. In fact, our top-line rebased growth of 6% reflects our best quarterly performance in two years, fueled by a record number of broadband internet and telephony subscriber additions over the last twelve months. As expected, we delivered improved OCF in Q3 with 5% rebased growth on a consolidated basis and we should be able to maintain this momentum in the fourth quarter. As a result, we are confirming all of our 2012 targets today.”

“Through September 30, we have added 1.1 million organic RGUs, including 320,000 in the third quarter, and we continue to balance our market leading bundles with selective price increases in markets like Germany and the Netherlands. Our recent introduction of Horizon TV in the Dutch market was a watershed event, as we have sold more than 50,000 Horizon subscriptions and had over 125,000 unique online users since launch. Looking ahead, we expect to launch Horizon TV in Switzerland later this quarter, followed by Ireland and Germany next year.”

Stock quotes in this article: LBTYA, LBTYB, LBTYK 

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