Company: LBTYK
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001570585-25-000223
Chunk: 19

Company: Liberty Global Ltd.
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 2
Chunk 19
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 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)Total$216.3 $194.4 $21.9 11.3 

 Nine months endedSeptember 30,Increase (decrease)Organic increase 20252024$%$% in millions, except percentagesTelenet$417.8 $388.5 $29.3 7.5 $17.3 4.5 VM Ireland101.3 95.2 6.1 6.4 $3.6 3.8 Total consolidated reportable segments519.1 483.7 35