Company: LBTYK
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001570585-25-000114
Chunk: 107

Company: Liberty Global Ltd.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 107
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illary product offerings and rights that provide for the broadcast of live sporting events, and (ii) rate increases.

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The details of our programming and other direct costs of services are as follows: 

Three months endedMarch 31,Increase (decrease)Organic increase (decrease) 20252024$%$% in millions, except percentagesTelenet$202.1 $198.6 $3.5 1.8 $9.6 4.8 VM Ireland34.1 37.4 (3.3)(8.8)(2.3)(6.1)Total consolidated reportable segments236.2 236.0 0.2 0.1 Plus: all other category180.7 178.5 2.2 1.2 Less: elimination of intercompany consolidated programming and other direct costs of services(13.5)(20.0)6.5 N.M.Total consolidated$403.4 $394.5 $8.9 2.3 $(33.5)(7.6)%

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N.M. — Not Meaningful.

Our programming and other direct costs of services increased $8.9 million or 2.3% during the three months ended March 31, 2025, as compared to the corresponding period in 2024. This increase includes an increase of $43.9 million attributable to the impact of the Formula E Acquisition. On an organic basis, our programming and other direct costs of services decreased $33.5 million or 7.6%. This decrease includes the following factors:

•A decrease in costs of $22.9 million related to lower sales of CPE to the VMO2 JV;

•A decrease in costs of $18.1 million related to lower sales of CPE to the VodafoneZiggo JV;

•An increase in programming and copyright costs of $13.1 million or 8.7%, primarily attributable to higher costs for certain content at Telenet; 

•A decrease in interconnect and access costs of $4.4 million or 17.6%, primarily due to lower interconnect and mobile roaming costs at Telenet; and 

•A decrease in mobile handset and other device costs of $3.9 million or 1.2%, primarily due to lower sales volumes at Telenet.

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Other operating expenses

Other operating expenses include network operations, customer