Liberty Global today announced its Q1 2018 financial results.
CEO Mike Fries stated, “We generated 4.2% rebased revenue growth in Q1, which was our third consecutive quarter of top-line improvement, underpinned by 5.2% rebased growth at Virgin Media, on the back of accelerating ARPU and strong mobile and B2B results.”
“Our rebased OCF growth of 4.7% in Q1, which represents our strongest first quarter result since 2014, was driven by 11.8% growth in Germany, 6.3% in
Central and Eastern Europe, 5.5% at Virgin Media and a flat indirect cost base.
We continue to expect around 5% rebased OCF growth for the full year.