Company: LBTYK
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001570585-25-000114
Chunk: 15

Company: Liberty Global Ltd.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 2
Chunk 15
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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.

59

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 endedMarch 31,Increase (decrease)Organic increase (decrease) 20252024$%$% in millions, except percentagesTelenet$130.7 $135.0 $(4.3)(3.2)$(0.3)(0.2)VM Ireland32.3 30.8 1.5 4.9 2.5 8.1 Total consolidated reportable segments163.0 165.8 (2.8)(1.7)Plus: all other category35.0 27.6 7.4 26.8 Less: elimination of intercompany consolidated other operating expenses(9.7)(7.9)(1.8)N.M.Total consolidated (excluding share-based compensation expense)188.3 185.5 2.8 1.5 $3.6 1.9 Share-based compensation expense2.9 4.6 (1.7)(37.0)Total$191.2 $190.1 $1.1 0.6 

_______________

N.M. — Not Meaningful.

Our other operating expenses (exclusive of share-based compensation expense) increased $2.8 million or 1.5% during the three months ended March 31, 2025, as compared to the corresponding period in 2024. On an organic basis, our other operating expenses increased $3.6 million or 1.9%. This increase includes the following factors:

•An increase in personnel costs of $