Liberty Global saw a 9.9% year-on-year increase, or 2.7% rebased, in revenues in its continuing operations in the second quarter.
They amounted to $3,054.1 million, with the UK and Ireland the best performing regional markets (+10.9%) and accounting for 57% of the total.
In its latest results the company notes that its residential cable business reported a rebased revenue decline of 1.8% in Q2 and grew 0.4% in the first half of this year.
Aside from Central and Corporate, UK/Ireland (+4.1%) and continuing CEE (Poland, Slovakia and DTH: +0.3%) had rebased revenue growth in Q2. Switzerland (-1.9%) and Belgium (-1.0%), on the other hand, saw declines.
OCF for continuing operations in Q2 was $1,309.8 million (+10.3%, +3.3% rebased). Rebased OCF growth was seen in the UK/Ireland (+2.4%, though negatively impacted by UK costs) and Belgium (+9%), but not so in Switzerland (-11%) and continuing CEE (-2.5%). Net earnings in Q2 were $912.6 million, compared to a net loss of $683.2 million a year earlier. YTD, the loss in H1 was $273.9 million, as opposed to $1,009.7 million a year earlier.
Liberty added 43,000 RGUs in Q2 thanks to its strong performance in UK/Ireland (+112,000). Elsewhere, it lost RGUs in Belgium (-8,000), Switzerland (-54,000) and its continuing CEE operations (-7,000).
Liberty’s next generation platforms added 158,000 subscribers in Q2, to reach 6.7 million, or 77% of its total cable video base. WiFi Connect Box deployments rose by 360,000, reaching nearly 5.1 million, or 55% of broadband connections in continuing operations. Liberty also gained 54,000 mobile subscribers in Q2.
