Company: LBTYK
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001570585-25-000114
Chunk: 13

Company: Liberty Global Ltd.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 2
Chunk 13
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 of CPE to the VMO2 JV and the VodafoneZiggo JV.

Total revenue. Our consolidated revenue increased $79.9 million or 7.3% during the three months ended March 31, 2025, as compared to the corresponding period in 2024. This increase includes an increase of $84.2 million attributable to the impact of the Formula E Acquisition and an increase of $49.6 million attributable to the Sunrise Services provided in connection with the Spin-off. On an organic basis, our consolidated revenue decreased $14.5 million or 1.2%.

Residential revenue. The details of the decrease in our consolidated residential revenue during the three months ended March 31, 2025, as compared to the corresponding period in 2024, are as follows (in millions):

Increase (decrease) in residential fixed subscription revenue due to change in:Average number of customers$(10.1)ARPU9.7 Increase in residential fixed non-subscription revenue2.6 Total increase in residential fixed revenue2.2 Decrease in residential mobile subscription revenue(2.3)Decrease in residential mobile non-subscription revenue(8.9)Total organic decrease in residential revenue(9.0)Impact of FX(18.8)Total decrease in residential revenue$(27.8)

On an organic basis, our consolidated residential mobile non-subscription revenue decreased $8.9 million or 19.2% during the three months ended March 31, 2025, as compared to the corresponding period in 2024, primarily due to a decrease at Telenet. 

B2B revenue. On an organic basis, our consolidated B2B non-subscription revenue increased $5.3 million or 5.3% during the three months ended March 31, 2025, as compared to the corresponding period in 2024, primarily due to an increase at Telenet.

Other revenue. On an organic basis, our consolidated other revenue decreased $10.7 million or 2.8% during the three months ended March 31, 2025, as compared to the corresponding period in 2024, primarily due to lower revenue earned from the sale of CPE to the VMO2 JV and the VodafoneZiggo JV.

For additional information regarding the changes in our residential, B2B and other revenue, see Discussion and Analysis of our Reportable Segments above. 

Programming and other direct costs of services