Company: LBTYK
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001570585-25-000021
Chunk: 290

Company: Liberty Global Ltd.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 290
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 Impact of FX0.2 0.1 0.3 Total$7.9 $(12.7)$(4.8)

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(a)The decrease in residential mobile non-subscription revenue is primarily attributable to lower interconnect revenue.

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(b)The increase in B2B subscription revenue is primarily due to an increase in the average number of customers. The decrease in B2B non-subscription revenue is primarily attributable to (i) lower interconnect revenue and (ii) a decrease in revenue from wholesale services.

(c)The increase in other revenue is primarily attributable to higher broadcasting revenue. In addition, the increase in other revenue includes the one-off impact of the recognition of previously deferred revenue of approximately $18 million during the third quarter of 2024.

VM Ireland. The details of the decrease in VM Ireland’s revenue during 2024, as compared to 2023, are set forth below:

Subscription revenueNon-subscriptionrevenueTotalin millionsDecrease in residential fixed subscription revenue due to change in:Average number of customers$(11.5)$— $(11.5)ARPU(3.4)— (3.4)Decrease in residential fixed non-subscription revenue— (0.2)(0.2)Total decrease in residential fixed revenue(14.9)(0.2)(15.1)Decrease in residential mobile revenue(0.6)(1.1)(1.7)Increase in B2B revenue0.6 3.2 3.8 Decrease in other revenue— (1.9)(1.9)Total organic decrease(14.9)— (14.9)Impact of FX0.2 — 0.2 Total$(14.7)$— $(14.7)

Programming and Other Direct Costs of Services, Other Operating Expenses and SG&A Expenses of our Reportable Segments

For information regarding the changes in our (i) programming and other direct costs of services, (ii) other operating expenses and (iii) SG&A expenses, see Discussion and Analysis of our Consolidated Operating Results below.

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Adjusted EBITDA of our Reportable Segments

Adjusted EBITDA is the primary measure used by our CODM to evaluate segment operating performance. As presented below, consolidated Adjusted EBITDA is a non-GAAP measure, which investors should view as a supplement to, and not a substitute for, GAAP measures