Company: LBTYK
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001570585-25-000114
Chunk: 109

Company: Liberty Global Ltd.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 109
---
, and (ii) lower leased bandwidth costs at Telenet.

60

SG&A expenses

SG&A expenses include human resources, information technology, general services, management, finance, legal, external sales and marketing costs, share-based compensation and other general expenses. We do not include share-based compensation in the following discussion and analysis of the SG&A 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 SG&A expenses are as follows:

 Three months endedMarch 31,Increase (decrease)Organic increase (decrease) 20252024$%$% in millions, except percentagesTelenet$125.3 $120.6 $4.7 3.9 $8.7 7.2 VM Ireland12.2 14.8 (2.6)(17.6)(2.2)(14.9)Total consolidated reportable segments137.5 135.4 2.1 1.6 Plus: all other category119.6 94.4 25.2 26.7 Less: elimination of intercompany consolidated SG&A expenses(2.2)(1.5)(0.7)N.M.Total consolidated (excluding share-based compensation expense)254.9 228.3 26.6 11.7 $0.9 0.3 Share-based compensation expense30.5 34.4 (3.9)(11.3)Total$285.4 $262.7 $22.7 8.6 

_______________

N.M. — Not Meaningful.

Supplemental SG&A expense information

 Three months endedMarch 31,Increase (decrease)Organic increase (decrease) 20252024$%$% in millions, except percentagesGeneral and administrative (a)$186.2 $157.2 $29.0 18.4 $1.1 0.6 External sales and marketing68.7 71.1 (2.4)(3.4)(0.2)(0.3)Total$254.9 $228.3 $26.6 11.7 $0.9 0.3 

_______________

(a)General and administrative expenses include all personnel-related costs within our SG