Post Earnings Coverage as Liberty Global Topline Rises

Upcoming AWS Coverage on DISH Network Post-Earnings Results

LONDON, UK / ACCESSWIRE / November 14, 2016 / Active Wall St. announces its post-earnings coverage on Liberty Global PLC (“Liberty Global”) (NASDAQ: LBTYA, LBTYB, LBTYK, LILA and LILAK). The company posted its financial results for the third quarter fiscal 2016 (Q3 FY16) on November 03, 2016. The Denver, Colorado-based company’s total revenues rose 13.3% y-o-y in the reported period. Register with us now for your free membership at: http://www.activewallst.com/register/.

One of Liberty Global’s competitors within the CATV Systems space, DISH Network Corp. (NASDAQ: DISH), reported third quarter 2016 financial results on November 09, 2016. AWS will be initiating a research report on DISH Network in the coming days.

Today, AWS is promoting its earnings coverage on LBTYA, LBTYK, LBTYB, LILA, and LILAK; touching on DISH. Get our free coverage by signing up to:

http://www.activewallst.com/registration-3/?symbol=LBTYA

http://www.activewallst.com/registration-3/?symbol=DISH

Earnings Reviewed

During Q3 FY16, Liberty Global PLC reported total revenue of $5.21 billion which came in above $4.60 billion recorded at the end of Q3 FY15. The company’s consolidated operating income for the reported quarter was $902.7 million versus $545.5 million in the prior year’s comparable quarter. Additionally, total operating cash flow (OCF) for Q3 FY16 stood at $2.42 billion compared to $2.19 billion in Q3 FY15.

Group-wise

Liberty Global Group

Liberty Global group division reported quarterly revenue of $4.31 billion, up 0.6% from $4.29 billion and above consensus estimates of $4.30 billion. The division’s reported growth which was primarily driven by the inclusion of BASE in Belgium and organic revenue growth, partially offset by negative forex translation. The division reported net loss of $137 million in Q3 FY16 versus net earnings of $111 million in the prior year’s quarter.

During Q3 FY16, European Operations generated revenues of $4.31 billion, up 0.5% y-o-y, which constituted revenues from Western Europe of $4.04 billion, up 0.4% y-o-y and revenues from Central and Eastern Europe which rose 3.5% y-o-y to $274.5 million. Furthermore, Corporate and other revenues was $18 million, up 116% y-o-y in Q3 FY16.

Total segment operating cash flow in the reported quarter came in at $2.06 billion, up 3% y-o-y, whereas quarterly operating income surged 60% y-o-y to $764 million, in the reported period. In Q3 FY16, Liberty Global group generated $1.25 billion of cash from operations versus $3.18 billion in the past year’s quarter. Free cash flow for Q3 FY16, stood at $558 million compared to $970 million in Q3 FY15.

The group had 25.76 million subscribers as on September 30, 2016, which included 54.14 million RGUs (revenue generating units). The total RGU’s consisted of 22.48 million video RGUs, 17.29 million broadband Internet RGUs, and the residual 14.38 million were telephony RGUs. Additionally, the group had 6.8 million mobile subscribers, an addition of 65,000 subscribers sequentially.

As on September 30, 2016, Liberty Global group had $506 million in cash and cash equivalents and $36.95 billion of outstanding debt in its balance sheet.
LiLAC Group (Liberty Latin America and Caribbean)

In Q3 FY16, LiLAC Group’s revenues came in at $894.1 million compared to $308.8 million in the year ago period. The division reported higher revenue during the quarter after the acquisition of Cable & Wireless Communications PLC (CWC) along with organic growth in VTR and Puerto Rico and partially offset by adverse foreign exchange translation. The segment reported a net loss of $68 million compared to net earnings of $30 million in the last year’s comparable quarter.

LiLAC’s CWC division revenue contribution was $568.5 million in Q3 FY16. The group’s Chile operation’s revenue grew 17% y-o-y to $221.3 million and Puerto Rico operation recorded a 0.3% rise in its revenue to $104.8 million in Q3 FY16.

At the close of quarter on September 30, 2016, the LiLAC Group had 2.94 million customers with 5.43 million subscription services. During Q3 FY16, subscriber-base increased by 27,000 RGUs driven by 30,000 broadband gains and 5,000 video additions, partially offset by 7,000 fixed-line telephony losses.
LiLAC Group reported total segment operating cash flow of $354.6 million in Q3 FY16 versus $127.8 million in Q3 FY15. The segment’s operating income surged 108% y-o-y to $139 million in Q3 FY16. During the reported quarter, LiLAC Group’s net cash provided by operating activities came in at $121.7 million compared to $67.9 million in the year ago period.

As on September 30, 2016, the group had approximately $6.0 billion of total third-party debt and capital lease obligations and $471 million of cash and cash equivalents attributed to the LiLAC Group.

Share Repurchase

In Q3 FY16, the company repurchased stocks Liberty Global Group which was worth approximately $640 million, totaling a year-to-date buyback to $1.6 billion. Over the next five quarters, the company intends to repurchase an additional $2.4 billion of Liberty Global Group’s equities, in a bid to fulfill its $4 billion stock repurchase program by the end of 2017.

Stock Performance

At the close of trading session on November 11, 2016, Liberty Global’s stock price slightly fell by 0.87% to end the day at $30.62. A total volume of 4.97 million shares were exchanged during the session, which was above the 3-month average volume of 2.19 million shares. The stock currently has a market cap of $32.78 billion.

On November 11, 2016, the company’s share Class K shares (LBTYK) fell marginally by 0.92%, to end the session at $30.01. A total volume of 3.31 million shares exchanges hands during the session, which was above 3 month average volume of 2.32 million shares. The stock currently has a market cap of $19.35 billion.

Liberty LiLAC Group’s Class A shares (LILA) ended Friday’s trading session at $20.21, rising marginally by 0.05% with a total of 614.39 thousand shares exchanging hands. As of Friday’s closing bell, the stock has a market cap of $32.93 billion.

Furthermore, Liberty LiLAC Group’s Class K shares (LILAK) closed on November 11, 2016, at $19.78, which was 0.65% lower than previous day’s closing of $19.91. During the trading session, a total of 971.93 thousand shares exchanged hands. The stock has a market cap of $2.40 billion as of its last close on Friday.

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