Liberty Global has reported Q1 2025 results with consolidated revenue of £1.03 billion, up 7.3% from Q1 2024, with CEO Mike Fries stating “the balance sheets of our core operating businesses are strong”.In the UK, Liberty Global announced it has paused the sale process of Virgin Media O2’s potential network stake to reassess strategic plans. However, they remain open to “exploring network upgrade and development opportunities”.Virgin Media O2:Virgin Media O2’s first quarter results saw a return to growth in both revenue and Adj. EBITDA on a guidance basis, representing a sequential improvement versus Q4. Despite a competitive environment, Virgin Media O2 maintained ARPU growth (up 1.6%). In mobile, the planned acquisition of spectrum from the VOD/3 merger should further strengthen Virgin Media O2’s network position said Liberty, alongside customer and digital initiatives to improve commercial momentum.Revenue stood at $3.13 billion, -4.8% YoY on a reported basis. Broadband saw net losses of 44,000, primarily attributed to elevated churn following a high level of market discounting during Q1.Lutz Schüler, CEO of Virgin Media O2, said: “We have started the year on track with guidance delivering growth in core revenues and profitability. Against a tougher Q1 trading environment we have kept our focus on retaining customer value through fast and reliable connectivity coupled with disciplined pricing and improved service.“Our investments in networks and services are continuing to position us well for the future. We have seen a further improvement in customer service as our turnaround strategy shows green shoots, with lower complaints and higher satisfaction. On the mobile side, we’ve expanded 5G to reach three quarters of the UK population while improving network quality in key locations, and the expected acquisition of spectrum from Vodafone-Three will further bolster our position. On fixed, our combined full fibre footprint continues to grow and now approaches seven million premises, while we also start trials of giffgaff broadband to increase our reach in the market. We remain focused and on course to deliver our full year guidance as we build on the foundations laid last year to return to growth in 2025,” concluded Schüler.
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