Company: LBTYK
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001570585-25-000223
Chunk: 131

Company: Liberty Global Ltd.
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 131
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 following factors:

•Decreases in costs of $0.4 million and $26.3 million, respectively, related to the sale of CPE to the VMO2 JV;

•An increase (decrease) in costs of $12.5 million and ($19.3 million), respectively, related to the sale of CPE to the VodafoneZiggo JV;

•Decreases in interconnect and access costs of $2.3 million or 7.3% and $12.0 million or 14.3%, respectively, primarily due to lower interconnect and mobile roaming costs at Telenet;

•For the nine-month comparison, a decrease in mobile handset and other device costs of $5.6 million or 6.5%, primarily due to lower sales volumes at Telenet; and

•For the three-month comparison, a decrease in programming and copyright costs of $17.6 million or 14.0%, primarily attributable to lower costs for certain content at Telenet.

65

Other operating expenses

Other operating expenses include network operations, customer operations, customer care, share-based compensation and other costs related to our operations. We do not include share-based compensation in the following discussion and analysis of the other operating 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 other operating expenses are as follows:

 Three months endedSeptember 30,Increase (decrease)Organic increase 20252024$%$% in millions, except percentagesTelenet$146.5 $127.1 $19.4 15.3 $10.7 8.4 VM Ireland34.7 32.7 2.0 6.1 $0.3 0.9 Total consolidated reportable segments181.2 159.8 21.4 13.4 Plus: all other category42.4 38.5 3.9 10.1 Less: elimination of intercompany consolidated other operating expenses(10.8)(9.1)(1.7)N.M.Total consolidated (excluding share-based compensation expense)212.8 189.2 23.6 12.5 $8.0 4.3 Share-based compensation expense3.5 5.2 (1.7)(32.7)