Company: LBTYK
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001570585-25-000021
Chunk: 296

Company: Liberty Global Ltd.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 296
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 in note 19 to our consolidated financial statements;

•A decrease in interconnect and access costs of $24.5 million or 19.0%, primarily due to lower interconnect and mobile roaming costs at Telenet;

•A decrease in costs of $24.1 million related to lower sales of CPE to the VodafoneZiggo JV;

•An increase of $17.2 million related to the recognition of a loss during the fourth quarter of 2024 associated with certain minimum purchase commitments;

•A decrease in programming and copyright costs of $10.4 million or 1.8%, primarily attributable to lower costs for certain content at VM Ireland and Telenet; and

•An increase in costs of $7.6 million related to third-party CPE development costs recognized in the fourth quarter of 2024.

II-13

Other operating expenses

Other operating expenses include network operations, customer operations, customer care, share-based compensation and other costs related to our operations. We do not include share-based compensation in the following discussion and analysis of the other operating expenses of our consolidated reportable segments as share-based compensation expense is not included in the performance measures of our consolidated reportable segments. Share-based compensation expense is separately discussed further below. 

The details of our other operating expenses are as follows:

 Year ended December 31,Increase (decrease)Organic increase (decrease) 20242023$%$% in millions, except percentagesTelenet$515.5 $512.8 $2.7 0.5 $1.9 0.4 VM Ireland123.5 123.4 0.1 0.1 (0.2)(0.2)Total consolidated reportable segments639.0 636.2 2.8 0.4 Plus: all other category139.3 149.8 (10.5)(7.0)Less: elimination of intercompany consolidated other operating expenses(35.0)(31.8)(3.2)N.M.Total consolidated (excluding share-based compensation expense)743.3 754.2 (10.9)(1.4)$(12.9)(1.7)Share-based compensation expense17.8 11.3 6.5 57.5 Total consolidated$761.1 $765.5 $(4.4)(0.6)

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N.M. — Not Meaningful