Company: LBTYK
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001570585-25-000021
Chunk: 291

Company: Liberty Global Ltd.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 291
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 of performance included in our consolidated statements of operations. The following table sets forth the Adjusted EBITDA of our reportable segments.

 Year ended December 31,Increase (decrease)Organic increase (decrease) 20242023$%$% in millions, except percentagesTelenet$1,292.2 $1,315.2 $(23.0)(1.7)$(27.6)(2.1)VM Ireland178.3 181.4 (3.1)(1.7)(2.9)(1.6)Total consolidated reportable segments1,470.5 1,496.6 (26.1)(1.7)Plus: all other category(188.7)(215.1)26.4 N.M.Less: elimination of intercompany consolidated Adjusted EBITDA(122.0)(131.1)9.1 N.M.Total consolidated$1,159.8 $1,150.4 $9.4 0.8 $21.6 1.9 VMO2 JV$4,503.4 $4,531.3 $(27.9)(0.6)VodafoneZiggo JV$2,033.9 $1,972.5 $61.4 3.1 

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N.M. — Not Meaningful.

Adjusted EBITDA Margin

The following table sets forth the Adjusted EBITDA margins (Adjusted EBITDA divided by revenue) of each of our reportable segments:

 Year ended December 31, 20242023Telenet41.9 %42.6 %VM Ireland36.3 %35.8 %VMO2 JV33.0 %33.4 %VodafoneZiggo JV45.7 %44.3 %

In addition to organic changes in the revenue, operating and SG&A expenses of our reportable segments, the Adjusted EBITDA margins presented above include the impact of acquisitions, as applicable. For discussion of the factors contributing to the changes in the Adjusted EBITDA margins of our consolidated reportable segments, see the analysis of our revenue included in Discussion and Analysis of our Reportable Segments above and the analysis of our expenses included in Discussion and Analysis of our Consolidated Operating Results below. For discussion of the factors contributing to the changes in the Adjusted EBITDA