Company: LBTYK
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001570585-25-000223
Chunk: 28

Company: Liberty Global Ltd.
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 2
Chunk 28
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 $37.7 

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(a)Amounts represent the change in fair value of our investment in Lionsgate, both before and after the Lionsgate Separation. Following the Lionsgate Separation, changes in fair value related to our investment in Starz are included in ‘Other, net’ in the above table.

(b)We completed the sale of our investment in Pax8 during the fourth quarter of 2024.

(c)We completed the sale of our investment in Lacework during the third quarter of 2024.

Losses on debt extinguishment, net 

We recognized net losses on debt extinguishment of $11.2 million and $20.1 million during the three and nine months ended September 30, 2025, respectively, related to the write-off of unamortized deferred financing costs and discounts. For additional information concerning our losses on debt extinguishment, net, see note 9 to our condensed consolidated financial statements.

72

Share of results of affiliates, net

The following table sets forth the details of our share of results of affiliates, net:

 Three months endedSeptember 30,Nine months endedSeptember 30, 2025202420252024 in millionsVMO2 JV (a)$(11.2)$(36.1)$(258.9)$(32.4)VodafoneZiggo JV (b)2.7 (49.4)(68.0)(38.0)AtlasEdge JV(23.2)(16.5)(57.7)(30.3)nexfibre JV(10.8)(18.2)(53.0)(6.5)Formula E (c)— (5.8)— (29.1)All3Media (d)— — — (15.5)Other, net(0.8)(6.8)(18.3)(12.6)Total$(43.3)$(132.8)$(455.9)$(164.4)_______________

(a)Represents (i) our 50% share of the results of operations of the VMO2 JV and (ii) for the nine months ended September 30, 2024, 100% of the share-based compensation expense associated with Liberty Global awards granted to VMO2 JV employees who were formerly employees of Liberty Global prior to the VMO2 JV formation, as these awards remain our responsibility. The summarized results of operations of the VMO2 JV are