Company: LBTYK
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001570585-25-000183
Chunk: 127

Company: Liberty Global Ltd.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 8
Chunk 127
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ic increase (decrease) 20252024$%$% in millions, except percentagesTelenet$187.8 $183.4 $4.4 2.4 $(5.3)(2.9)VM Ireland32.5 27.8 4.7 16.9 $3.1 11.2 Total consolidated reportable segments220.3 211.2 9.1 4.3 Plus: all other category260.7 154.4 106.3 68.8 Less: elimination of intercompany consolidated programming and other direct costs of services(15.7)(29.2)13.5 N.M.Total consolidated$465.3 $336.4 $128.9 38.3 $(11.3)(2.5)

Six months endedJune 30,IncreaseOrganic increase (decrease) 20252024$%$% in millions, except percentagesTelenet$389.9 $382.0 $7.9 2.1 $4.2 1.1 VM Ireland66.6 65.2 1.4 2.1 $0.9 1.4 Total consolidated reportable segments456.5 447.2 9.3 2.1 Plus: all other category441.4 332.9 108.5 32.6 Less: elimination of intercompany consolidated programming and other direct costs of services(29.2)(49.2)20.0 N.M.Total consolidated$868.7 $730.9 $137.8 18.9 $(46.8)(5.3)

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N.M. — Not Meaningful.

Our programming and other direct costs of services increased $128.9 million or 38.3% and $137.8 million or 18.9% during the three and six months ended June 30, 2025, respectively, as compared to the corresponding periods in 2024. These increases include increases of $103.8 million and $147.8 million, respectively, attributable to the impact of the Formula E Acquisition. On an organic basis, our programming and other direct costs of services decreased $11.3 million or 2.5% and $46.8 million or 5.3%, respectively. These decreases include the following factors: