Company: LBTYK
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001570585-25-000114
Chunk: 102

Company: Liberty Global Ltd.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 102
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9 $(2.9)_____________

(a)The decrease in residential mobile non-subscription revenue is primarily attributable to (i) lower revenue from handset sales and (ii) a decrease in interconnect revenue.

(b)The increase in B2B non-subscription revenue is primarily due to (i) higher revenue from equipment sales and (ii) an increase in revenue from wholesale services.

(c)The increase in other revenue is primarily attributable to higher broadcasting revenue.

VM Ireland. The details of the decrease in VM Ireland’s revenue during the three months ended March 31, 2025, as compared to the corresponding period in 2024, are set forth below:

Subscription revenueNon-subscriptionrevenueTotalin millionsDecrease in residential fixed subscription revenue due to change in:Average number of customers$(2.0)$— $(2.0)ARPU(1.3)— (1.3)Decrease in residential fixed non-subscription revenue— (0.1)(0.1)Total decrease in residential fixed revenue(3.3)(0.1)(3.4)Decrease in residential mobile revenue(0.5)(0.2)(0.7)Increase in B2B revenue— 0.9 0.9 Decrease in other revenue— (0.4)(0.4)Total organic increase (decrease)(3.8)0.2 (3.6)Impact of FX(2.6)(1.0)(3.6)Total$(6.4)$(0.8)$(7.2)

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Programming and Other Direct Costs of Services, Other Operating Expenses and SG&A Expenses of our Reportable Segments

For information regarding the changes in our (i) programming and other direct costs of services, (ii) other operating expenses and (iii) SG&A expenses, see Discussion and Analysis of our Consolidated Operating Results below.

Adjusted EBITDA of our Reportable Segments

Adjusted EBITDA is the primary measure used by our CODM to evaluate segment operating performance. As presented below, consolidated Adjusted EBITDA is a non-GAAP measure, which investors should view as a supplement to, and not a substitute for, GAAP measures of performance included in our condensed consolidated statements of operations. The following table sets forth the Adjusted EBITDA of our reportable segments:

 Three months endedMarch 31,Increase (decrease)Organic increase (decrease) 202