Company: LBTYK
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001570585-25-000183
Chunk: 129

Company: Liberty Global Ltd.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 8
Chunk 129
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(1.3)(27.1)Total$212.6 $181.8 $30.8 16.9 

 Six months endedJune 30,Increase (decrease)Organic increase 20252024$%$% in millions, except percentagesTelenet$271.3 $261.4 $9.9 3.8 $6.7 2.6 VM Ireland66.6 62.5 4.1 6.6 $3.2 5.1 Total consolidated reportable segments337.9 323.9 14.0 4.3 Plus: all other category84.3 54.4 29.9 55.0 Less: elimination of intercompany consolidated other operating expenses(20.0)(15.8)(4.2)N.M.Total consolidated (excluding share-based compensation expense)402.2 362.5 39.7 11.0 $15.8 4.4 Share-based compensation expense6.4 9.4 (3.0)(31.9)Total$408.6 $371.9 $36.7 9.9 

_______________

N.M. — Not Meaningful.

Our other operating expenses (exclusive of share-based compensation expense) increased $32.1 million or 18.1% and $39.7 million or 11.0% during the three and six months ended June 30, 2025, respectively, as compared to the corresponding periods in 2024. These increases include increases of $6.0 million and $11.0 million, respectively, attributable to the impact of the Formula E Acquisition. On an organic basis, our other operating expenses increased $10.6 million or 5.7% and $15.8 million or 4.4%, respectively. These increases include the following factors:

•Increases in core network and information technology-related costs of $6.6 million or 15.4% and $8.4 million or 13.6%, respectively, primarily due to the net effect of (i) higher information technology-related costs, including increases at Telenet and VM Ireland, and (ii) for the six-month comparison, lower leased bandwidth costs at Telenet; and

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•Increases in personnel costs of $2.8 million or 5.2% and $7