Company: LBTYK
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001570585-25-000114
Chunk: 16

Company: Liberty Global Ltd.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 2
Chunk 16
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4.4 million or 7.6%, primarily due to higher average costs per employee at Telenet;

•An increase in service delivery platform costs of $2.3 million or 42.7%, primarily related to higher CPE software costs; and

•An increase in core network and information technology-related costs of $2.0 million or 12.8%, primarily due to the net effect of (i) higher information technology-related costs, including increases at Telenet and VM Ireland, and (ii) lower leased bandwidth costs at Telenet.

60

SG&A expenses

SG&A expenses include human resources, information technology, general services, management, finance, legal, external sales and marketing costs, share-based compensation and other general expenses. We do not include share-based compensation in the following discussion and analysis of the SG&A expenses of our consolidated reportable segments as share-based compensation expense is not included in the performance measures of our consolidated reportable segments. Share-based compensation expense is separately discussed further below.

The details of our SG&A expenses are as follows:

 Three months endedMarch 31,Increase (decrease)Organic increase (decrease) 20252024$%$% in millions, except percentagesTelenet$125.3 $120.6 $4.7 3.9 $8.7 7.2 VM Ireland12.2 14.8 (2.6)(17.6)(2.2)(14.9)Total consolidated reportable segments137.5 135.4 2.1 1.6 Plus: all other category119.6 94.4 25.2 26.7 Less: elimination of intercompany consolidated SG&A expenses(2.2)(1.5)(0.7)N.M.Total consolidated (excluding share-based compensation expense)254.9 228.3 26.6 11.7 $0.9 0.3 Share-based compensation expense30.5 34.4 (3.9)(11.3)Total$285.4 $262.7 $22.7 8.6 

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N.M. — Not Meaningful.

Supplemental SG&A expense information

 Three months endedMarch 31,Increase (decrease)Organic increase (decrease) 20252024$%$% in millions, except percentagesGeneral and administrative (a