Company: LBTYK
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001570585-25-000021
Chunk: 294

Company: Liberty Global Ltd.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 294
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 revenue. Our consolidated revenue increased $226.1 million or 5.5% during 2024, as compared to 2023. This increase includes an increase of $18.5 million attributable to the impact of the Formula E Acquisition. On an organic basis, our consolidated revenue increased $189.6 million or 4.6%.

Residential revenue. The details of the decrease in our consolidated residential revenue during 2024, as compared to 2023, are as follows (in millions): 

Increase (decrease) in residential fixed subscription revenue due to change in:Average number of customers$(69.7)ARPU49.1 Increase in residential fixed non-subscription revenue1.2 Total decrease in residential fixed revenue(19.4)Decrease in residential mobile non-subscription revenue(18.2)Total decrease in residential revenue(37.6)Impact of FX(1.0)Total decrease in residential revenue$(38.6)

On an organic basis, our consolidated residential fixed subscription revenue decreased $20.6 million or 1.2% during 2024, as compared to 2023, primarily attributable to a decrease at VM Ireland.

On an organic basis, our consolidated residential mobile non-subscription revenue decreased $18.2 million or 9.7% during 2024, as compared to 2023, primarily due to a decrease at Telenet.

B2B revenue. On an organic basis, our consolidated B2B subscription revenue increased $13.5 million or 3.2% during 2024, as compared to 2023, primarily due to an increase at Telenet.

On an organic basis, our consolidated B2B non-subscription revenue decreased $36.6 million or 8.2% during 2024, as compared to 2023, primarily due to a decrease at Telenet.

Other revenue. On an organic basis, our consolidated other revenue increased $250.3 million or 28.4% during 2024, as compared to 2023, primarily attributable to (i) an increase in revenue earned from the sale of CPE to the VMO2 JV beginning in 2024 and (ii) an increase in revenue earned from the U.K. JV Services and NL JV Services. For additional information regarding the increase in revenue earned from the U.K. JV Services and NL JV Services, see note 19 to our consolidated financial statements.

Programming and other direct costs of services