Liberty Global reports Q3 2020 results
Wednesday, November 4th, 2020DENVER, Colorado — Liberty Global plc (NASDAQ: LBTYA, LBTYB and LBTYK) today announced Q3 2020 financial results.
CEO Mike Fries stated: “In the U.K., we are making progress with regulators on our joint venture with Telefonica’s O2 and continue to expect a mid-2021 completion. Our acquisition of Sunrise in Switzerland is now set to close mid-November after over 96% of shares were tendered and the deal was approved by Swiss regulators.”
Video Subscribers
Consolidated Operating Data — September 30, 2020
Basic Enhanced Total --------- --------- --------- U.K. - 3,525,500 3,525,500 Belgium 131,400 1,691,100 1,822,500 Switzerland 375,700 588,800 964,500 Ireland - 303,900 303,900 Poland 234,400 1,071,400 1,305,800 Slovakia 30,500 140,100 170,600 --------- --------- --------- Total 772,000 7,320,800 8,092,800
Subscriber Variance Table — September 30, 2020 vs. June 30, 2020
Basic Enhanced Total --------- --------- --------- Organic Change Summary: U.K. - (63,800) (63,800) Belgium (8,500) (4,600) (13,100) Switzerland (6,300) 100 (6,200) Ireland - 7,700 7,700 Poland 17,200 1,300 18,500 Slovakia 500 (900) (400) --------- --------- --------- Total organic change 2,900 (60,200) (57,300)
Basic Video Subscriber: A home, residential multiple dwelling unit or commercial unit that receives our video service over our broadband network or through a partner network either via an analog video signal or via a digital video signal without subscribing to any recurring monthly service that requires the use of encryption-enabling technology. Encryption-enabling technology includes smart cards, or other integrated or virtual technologies that we use to provide our enhanced service offerings. We count RGUs on a unique premises basis. In other words, a subscriber with multiple outlets in one premises is counted as one RGU and a subscriber with two homes and a subscription to our video service at each home is counted as two RGUs.
Enhanced Video Subscriber: A home, residential multiple dwelling unit or commercial unit that receives our video service over our broadband network or through a partner network via a digital video signal while subscribing to any recurring monthly service that requires the use of encryption-enabling technology. Enhanced Video Subscribers are counted on a unique premises basis. For example, a subscriber with one or more set-top boxes that receives our video service in one premises is generally counted as just one subscriber. An Enhanced Video Subscriber is not counted as a Basic Video Subscriber. As we migrate customers from basic to enhanced video services, we report a decrease in our Basic Video Subscribers equal to the increase in our Enhanced Video Subscribers.
Latest News
- Netflix posts first quarter 2024 results and outlook
- Graham Media Group selects Bitmovin Playback
- Dialog, Axiata Group, Bharti Airtel agree on merger in Sri Lanka
- Yahoo brings identity solutions to CTV
- Plex has largest FAST line-up with 1,112 channels
- TV3 migrates from on-prem servers to AWS Cloud with Redge