Liberty Global reports Q3 2020 results

DENVER, 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.