Company: LBTYK
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001570585-25-000223
Chunk: 70

Company: Liberty Global Ltd.
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 70
---
 in both its fixed-line and mobile operations. If the adverse impacts of economic, competitive, regulatory or other factors were to cause significant deterioration of the results of operations or cash flows of the VodafoneZiggo JV, we could conclude in future periods that our investment in the VodafoneZiggo JV is impaired or management of the VodafoneZiggo JV could conclude that an impairment of the VodafoneZiggo JV goodwill and, to a lesser extent, long-lived assets, is required. Any such impairment of the VodafoneZiggo JV’s goodwill or our investment in the VodafoneZiggo JV would be reflected as a component of share of results of affiliates, net, in our condensed consolidated statement of operations. Our share of any such impairment charges could be significant.

19

LIBERTY GLOBAL LTD.Notes to Condensed Consolidated Financial Statements — (Continued)September 30, 2025(unaudited)

The summarized results of operations of the VodafoneZiggo JV are set forth below:Three months endedSeptember 30,Nine months endedSeptember 30,2025202420252024in millionsRevenue$1,156.8 $1,131.1 $3,332.1 $3,336.7 Loss before income taxes$(81.5)$(166.0)$(328.1)$(201.5)Net loss$(37.0)$(132.6)$(227.4)$(161.6)Fair Value InvestmentsThe following table sets forth the details of our realized and unrealized gains (losses) due to changes in fair values of certain investments, net: Three months endedSeptember 30,Nine months endedSeptember 30, 2025202420252024 in millionsVodafone$86.1 $117.3 $207.7 $163.8 ITV(20.9)21.6 58.9 104.7 Televisa Univision(3.5)(87.1)(45.1)(76.4)Plume(0.4)(42.5)(13.4)(70.3)SMAs3.7 9.1 7.1 30.0 Aviatrix(1.7)(3.1)(5.5)(30.6)EdgeConneX0.3 (10.8)3.9 78.3 Lionsgate (a)7.