Company: LBTYK
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001570585-25-000223
Chunk: 130

Company: Liberty Global Ltd.
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 130
---
,Increase (decrease)Organic decrease 20252024$%$% in millions, except percentagesTelenet$167.7 $174.0 $(6.3)(3.6)$(16.2)(9.3)VM Ireland30.6 30.9 (0.3)(1.0)$(2.2)(7.1)Total consolidated reportable segments198.3 204.9 (6.6)(3.2)Plus: all other category215.4 136.7 78.7 57.6 Less: elimination of intercompany consolidated programming and other direct costs of services(20.8)(21.2)0.4 N.M.Total consolidated$392.9 $320.4 $72.5 22.6 $(11.4)(3.1)

Nine months endedSeptember 30,IncreaseOrganic decrease 20252024$%$% in millions, except percentagesTelenet$557.6 $556.0 $1.6 0.3 $(11.7)(2.1)VM Ireland97.2 96.1 1.1 1.1 $(1.3)(1.4)Total consolidated reportable segments654.8 652.1 2.7 0.4 Plus: all other category656.8 469.6 187.2 39.9 Less: elimination of intercompany consolidated programming and other direct costs of services(50.0)(70.4)20.4 N.M.Total consolidated$1,261.6 $1,051.3 $210.3 20.0 $(58.2)(4.7)

_______________

N.M. — Not Meaningful.

Our programming and other direct costs of services increased $72.5 million or 22.6% and $210.3 million or 20.0% during the three and nine months ended September 30, 2025, respectively, as compared to the corresponding periods in 2024, including increases of $46.0 million and $193.7 million, respectively, attributable to the impact of the Formula E Acquisition. On an organic basis, our programming and other direct costs of services decreased $11.4 million or 3.1% and $58.2 million or 4.7%, respectively. These decreases include the