Liberty Global Schedules Investor Calls for First Quarter 2017 Results
 

Liberty Global plc today announced plans to release its first quarter 2017 results on Sunday, May 7, 2017.

http://www.libertyglobal.com/pdf/pre...l-In-FINAL.pdf

Re: Liberty Global Schedules Investor Calls for First Quarter 2017 Results
 

Liberty Global plc Earnings Conference Call Monday, May 08, 2017, 14:30 PM

http://edge.media-server.com/m/p/kmdrh5d8/lan/en

Re: Liberty Global Schedules Investor Calls for First Quarter 2017 Results
 

Liberty Global Reports First Quarter 2017 Results

http://www.libertyglobal.com/pdf/pre...ease-FINAL.pdf

• Total Q1 RGU Additions of 286,000 in Europe & LatAm, up 46% YoY
  
• European Operating Income of $431 Million in Q1, Down 18% YoY
  
• Q1 Rebased OCF Growth of 4% in Europe, reaching $1.6 Billion
  
• Network & Product Investments to Underpin LiLAC's Future Growth
  
• $1.0 Billion of LBTY Equity Repurchases & $20 Million at LiLAC

Re: Liberty Global Schedules Investor Calls for First Quarter 2017 Results
 

How come income is down so much if there has been net additions and (presumably) price rises? Is that offset by investment?

Re: Liberty Global Schedules Investor Calls for First Quarter 2017 Results
 

Here is the press release by Virgin which is a bit easier to read.

http://www.virginmedia.com/corporate...6-results.html

Re: Liberty Global Schedules Investor Calls for First Quarter 2017 Results
 

"This decline was primarily driven by the net impact of (i) the deconsolidation of our operations in the Netherlands in connection with the completion of our joint venture with Vodafone Group plc (the "VodafoneZiggo JV"), (ii) negative foreign exchange ("FX") movements, mainly related to the strengthening of the U.S. dollar against the British pound, and (iii) our organic revenue growth"

Re: Liberty Global Schedules Investor Calls for First Quarter 2017 Results
 

Wrong link Den, that's 2016

http://www.virginmedia.com/content/v...7-results.html

I caught the tail end of a discussion on R5 about this, all i caught was the 15% churn rate over the last year.
That's pretty big, anyone know what skys churn rate is?

They put it down to better offers from competitors/Netflix/Amazon , i expected them to mention pirate streams as it's all over the papers but they didn't.

Re: Liberty Global Schedules Investor Calls for First Quarter 2017 Results
 

Interesting comments from Tom Mockridge on the investor call. He described the move to increase prices for a second time last year as "too aggressive" and referenced that they coincided with service issues including Tivo set-top-box performance and network congestion. As a result, the 'hangover' hurt Q1 performance, with retention deals impacting on ARPU and churn relatively high at 15%.

Re: Liberty Global Schedules Investor Calls for First Quarter 2017 Results
 

Sorry about that John :dozey: but sadly from time to time my brain goes haywire and l end up doing totally the wrong thing.:)

---------- Post added at 05:57 ---------- Previous post was at 05:53 ----------

Yes the churn is certainly higher then it has been for a while and perhaps they will think a bit more before they impose well over inflation busting price rises :td: next time on Virgin customers.

Re: Liberty Global Schedules Investor Calls for First Quarter 2017 Results
 

Sky had some crazy good offers on when Virgin last raised the prices, so I'm not surprised by the churn at all. Virgin were also less receptive than usual when it came to retention deals, at least from my own experience.

Re: Liberty Global Schedules Investor Calls for First Quarter 2017 Results
 

Sky's churn has increased to around 13.6 % I think , I noticed today they were selling Sky Q packages to new customers at 50% off. The sale ends in 3 days which highlights the competitive market.
http://www.sky.com/shop/sky-bundles/

Re: Liberty Global Schedules Investor Calls for First Quarter 2017 Results
 

I'm surprised Sky's churn is that high, I assumed all of Virgin's leaving customers were going to Sky.

Guess paid TV is finally starting to die off.

Re: Liberty Global Schedules Investor Calls for First Quarter 2017 Results
 

Churn is customers leaving. It tells you nothing about the numbers arriving.

VM's TV acquisitions are at a 10 year high. I think this probably just tells us that people are more willing to move provider these days.

Re: Liberty Global Schedules Investor Calls for First Quarter 2017 Results
 

Quite possibly, I just remember Sky having a much better offering at the time. Then again, I know more people happy to take TV from BT and TalkTalk because they "don't really watch it that much".