New Street Research - Liberty Global Plc Class C (LBTYK) New Street: Liberty Global (Buy, $44, +52%) Digging in on the VMO2 Q4 results

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New Street Research

James Ratzer

EUR 8824.00 For Business Accounts Only

New Street: Liberty Global (Buy, $44, +52%) Digging in on the VMO2 Q4 results

Last night we got the Liberty Global release with summary VMO2 headlines and new group guidance (see HERE for more details on this).
Now VMO2 has reported its Q4 results in more detail, so we can get under the skin of the underlying UK trends in more detail, and we can see that the impact of lapping the shift from 12 to 18 months contracts has led to extremely strong KPIs with record low churn, which is fundamentally encouraging, but ARPU growth has remained elusive.

18/02/2022 1 EN

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Liberty Global Plc Class C

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GB00B8W67B19 NASDAQ Stock Market United States

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James Ratzer

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New Street: Liberty Global (Buy, $44, +52%) Digging in on the VMO2 Q4 results

Liberty Global Ltd: 1 director

Liberty Global (Neutral, $23, +8%) Record low service revenue trends a headwind to value creation

Liberty Global (Neutral, $23, +16%) Sunrise CMD feedback and Liberty Global impact: Quick Take

CHTR 1Q25 Quick Take: Net adds a little soft; EBITDA beat

NSR Policy Implications of Hegseth’s Woes on Key Spectrum Battle

Megacable (Neutral, TP: MXN55, +21%) Q1 25: Slightly slower but solid overall

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