Company: LBTYK
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001570585-25-000114
Chunk: 55

Company: Liberty Global Ltd.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 55
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iggo JV of $46.1 million and $62.1 million during the three months ended March 31, 2025 and 2024, respectively, primarily related to (a) the NL JV Services and (b) the sale of CPE to the VodafoneZiggo JV at a mark-up. At March 31, 2025 and December 31, 2024, $30.5 million and $18.5 million, respectively, was due from the VodafoneZiggo JV related to the aforementioned transactions. The amounts due from the VodafoneZiggo JV, which are periodically cash settled, are included in other current assets on our condensed consolidated balance sheets.

16

LIBERTY GLOBAL LTD.Notes to Condensed Consolidated Financial Statements — (Continued)March 31, 2025(unaudited)

The summarized results of operations of the VodafoneZiggo JV are set forth below:Three months endedMarch 31,20252024in millionsRevenue$1,052.0 $1,114.0 Loss before income taxes$(89.0)$(25.5)Net loss$(70.5)$(13.6)Fair Value InvestmentsThe following table sets forth the details of our realized and unrealized gains due to changes in fair values of certain investments, net: Three months endedMarch 31, 20252024 in millionsVodafone$63.7 $48.2 ITV36.7 50.0 Televisa Univision(14.0)9.5 EdgeConneX(11.3)71.8 SMAs(3.3)19.3 Aviatrix0.2 (14.3)Lacework (a)— (67.6)Other, net(16.2)(3.8)Total$55.8 $113.1 ______________(a)We completed the sale of our investment in Lacework during the third quarter of 2024.

17

LIBERTY GLOBAL LTD.Notes to Condensed Consolidated Financial Statements — (Continued)March 31, 2025(unaudited)

Debt Securities The following table sets forth a summary of our debt securities recorded within SMAs at March 31, 2025 and December 31, 2024:March 31, 2025December 31, 2024Amortized cost basisAccumulated unrealized gains (