Company: LBTYK
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001570585-25-000114
Chunk: 89

Company: Liberty Global Ltd.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 89
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 $134.6 million and $174.4 million, respectively, and (iii) our consolidated reportable segments of $35.4 million and $63.2 million, respectively. (b)Primarily reflects the elimination of (i) the revenue recognized related to the Tech Framework and (ii) for the three months ended March 31, 2024, transactions between our continuing and discontinued operations.

43

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

The expense categories and amounts presented below align with the segment-level information that is regularly provided to the CODM. These amounts include intersegment expenses and are exclusive of share-based compensation expense. Three months ended March 31,20252024 Programming and other direct costs of servicesOperating expensesProgramming and other direct costs of servicesOperating expenses in millionsConsolidated reportable segments:Telenet$202.1 $256.0 $198.6 $255.6 VM Ireland$34.1 $44.5 $37.4 $45.6 Nonconsolidated reportable segments:VMO2 JV$991.5 $1,061.4 $1,107.1 $1,102.1 VodafoneZiggo JV$219.3 $369.6 $215.0 $380.0 Adjusted EBITDA Three months endedMarch 31, 20252024 in millionsTelenet$301.6 $308.4 VM Ireland37.2 40.0 VMO2 JV (nonconsolidated JV)1,073.4 1,073.6 VodafoneZiggo JV (nonconsolidated JV)463.1 519.0 Total reportable segment Adjusted EBITDA$1,875.3 $1,941.0 

44

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

The following table provides a reconciliation of total reportable segment Adjusted EBITDA to earnings (loss) from continuing operations before income taxes: Three months endedMarch 31, 20252024 in millionsTotal reportable segment Adjusted EBITDA$1,875.3 $1,941.0 Plus: all other category