Company: LBTYK
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001570585-25-000183
Chunk: 131

Company: Liberty Global Ltd.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 8
Chunk 131
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3 17.2 Less: elimination of intercompany consolidated SG&A expenses(4.3)(2.1)(2.2)N.M.Total consolidated (excluding share-based compensation expense)509.5 475.2 34.3 7.2 $(11.5)(2.2)Share-based compensation expense76.4 73.0 3.4 4.7 Total$585.9 $548.2 $37.7 6.9 

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N.M. — Not Meaningful.

65

Supplemental SG&A expense information

 Three months endedJune 30,IncreaseOrganic decrease 20252024$%$% in millions, except percentagesGeneral and administrative (a)$175.4 $169.8 $5.6 3.3 $(7.7)(4.4)External sales and marketing84.0 77.1 6.9 8.9 (4.6)(5.4)Total$259.4 $246.9 $12.5 5.1 $(12.3)(4.8)

 Six months endedJune 30,IncreaseOrganic decrease 20252024$%$% in millions, except percentagesGeneral and administrative (a)$339.3 $327.0 $12.3 3.8 $(6.4)(1.9)External sales and marketing170.2 148.2 22.0 14.8 (5.1)(2.9)Total$509.5 $475.2 $34.3 7.2 $(11.5)(2.2)

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(a)General and administrative expenses include all personnel-related costs within our SG&A expenses, including personnel-related costs associated with our sales and marketing function.

Our SG&A expenses (exclusive of share-based compensation expense) increased $12.5 million or 5.1% and $34.3 million or 7.2% during the three and six months ended June 30, 2025, respectively, as compared to the corresponding periods in 2024. These increases include increases of $12.4 million and $39.6 million, respectively, attributable to the impact of the Formula E Acquisition. On an organic basis, our SG&A expenses decreased $12.3 million or 4.8% and $11.5 million or