Company: LBTYK
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001570585-25-000223
Chunk: 125

Company: Liberty Global Ltd.
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 125
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35.1 %VMO2 JV36.4 %33.3 %35.2 %33.2 %VodafoneZiggo JV45.1 %46.7 %44.5 %46.9 %

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 margins of the VMO2 JV and the VodafoneZiggo JV, see Discussion and Analysis of our Consolidated Operating Results — Share of results of affiliates, net below.

61

Discussion and Analysis of our Consolidated Operating Results 

 General

For more detailed explanations of the changes in our revenue, see Discussion and Analysis of our Reportable Segments above.

Revenue

Our revenue by major category is set forth below: 

 Three months endedSeptember 30,Increase (decrease)Organic increase (decrease) 20252024$%$% in millions, except percentagesResidential revenue:Residential fixed revenue (a):Subscription revenue (b):Broadband internet$247.2 $229.0 $18.2 7.9 $3.4 1.5 Video153.8 152.9 0.9 0.6 (8.2)(5.4)Fixed-line telephony47.8 49.9 (2.1)(4.2)(5.1)(10.2)Total subscription revenue448.8 431.8 17.0 3.9 (9.9)(2.3)Non-subscription revenue8.3 4.7 3.6 76.6 2.9 61.7 Total residential fixed revenue457.1 436.5 20.6 4.7 (7.0)(1.6)Residential mobile revenue (c):Subscription revenue (b)131.0 124.7 6.3 5.1 (1.4)(1.