Liberty Global reports Q4 2020 results
Tuesday, February 16th, 2021DENVER, Colorado — Liberty Global plc (NASDAQ: LBTYA, LBTYB and LBTYK) today announced Full Year financial results.
CEO Mike Fries stated, “… we are making very positive progress with the U.K. regulator on the joint venture between Virgin Media and Telefonica’s O2, and continue to anticipate a mid-21 closing.”
Video Subscribers
Operating Data – December 31, 2020
Basic Video Enhanced Video Total Subscribers Subscribers Video ----------- -------------- --------- U.K. - 3,498,000 3,498,000 Belgium 123,700 1,688,000 1,811,700 Switzerland(1) 342,000 893,500 1,235,500 Ireland - 309,500 309,500 Poland 255,000 1,079,800 1,334,800 Slovakia 31,200 139,700 170,900 ----------- -------------- --------- Total 751,900 7,608,500 8,360,400 VodafoneZiggo JV(2) 504,900 3,326,400 3,831,300
Subscriber Variance Table – December 31, 2020 vs. September 30, 2020
Basic Video Enhanced Video Total Subscribers Subscribers Video ----------- -------------- --------- Organic Change Summary: U.K - (27,500) (27,500) Belgium (7,700) (3,100) (10,800) Switzerland(1) (14,200) 8,100 (6,100) Ireland - 5,600 5,600 Poland 20,600 8,400 29,000 Slovakia 700 (400) 300 ----------- -------------- --------- Total organic change (600) (8,900) (9,500) Q4 2020 Liberty Global Adjustments: Switzerland (19,500) 296,600 277,100 VodafoneZiggo JV(2) 4,600 (20,900) (16,300)
Subscriber Variance Table – December 31, 2020 vs. December 31, 2019
Basic Video Enhanced Video Total Subscribers Subscribers Video ----------- -------------- --------- Organic Change Summary: U.K. - (189,400) (189,400) Belgium (41,000) (4,700) (45,700) Switzerland(1) (46,700) 3,700 (43,000) Ireland - 29,100 29,100 Poland 58,400 12,800 71,200 Slovakia 2,400 (2,800) (400) ----------- -------------- --------- Total organic change (26,900) (151,300) (178,200) 2020 Liberty Global Adjustments: Belgium - (9,200) (9,200) Switzerland (30,000) 296,600 266,600 ----------- -------------- --------- Total (30,000) 287,400 257,400 VodafoneZiggo JV(2) 13,600 (52,400) (38,800)
1. Pursuant to service agreements, Switzerland offers broadband internet, video and telephony services over networks owned by third-party cable operators (“partner networks”). A partner network RGU is only recognized if there is a direct billing relationship with the customer. At December 31, 2020, Switzerland’s partner networks accounted for 118,100 Fixed-Line Customer Relationships, 300,800 RGUs, which include 110,000 Internet Subscribers, 105,100 Video Subscribers and 85,700 Telephony Subscribers. Subscribers to our enhanced video services provided over partner networks largely receive basic video services from the partner networks as opposed to our operations. Due to the fact that we do not own these partner networks, we do not include the 657,300 homes passed by Switzerland’s partner networks at December 31, 2020. In addition, with the completion of the acquisition of Sunrise, we now service homes through Sunrise’s existing agreements with Swisscom, Swiss Fibre Net and local utilities, which are not included in Switzerland’s homes passed count. Including these arrangements, our operations in Switzerland have the ability to offer fixed services to a national footprint.
2. Amounts related to the VodafoneZiggo JV’s fixed-line and mobile products include small business and multiple dwelling unit subscribers. In addition, the mobile amount shown for the VodafoneZiggo JV’s includes medium and large enterprise subscribers. Prepaid mobile customers are excluded from the VodafoneZiggo JV’s mobile telephony subscriber counts after a period of inactivity of nine months.
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