August 07, 2009 | by Cablecom
|
Reading time: 1 minute
August 07, 2009, Englewood, Colorado – August 4, 2009: Liberty Global, Inc. (“Liberty Global,” “LGI,” or the “Company”) (NASDAQ: LBTYA, LBTYB and LBTYK), today announces financial and operating results for the second quarter (“Q2”) ended June 30, 2009. Highlights for the quarter compared to the same period for 2008 (unless noted), include:
- Revenue of $2.65 billion, reflecting 4% rebased growth - Operating Cash Flow (“OCF”) of $1.17 billion, representing rebased growth of 8% - OCF margin of 44.1%, an increase of 190 basis points - Total RGU additions of 206,000, including 198,000 organic RGU additions - Net loss of $93 million attributable to LGI stockholders, due principally to non- operating items - Free Cash Flow (“FCF”) of $332 million in Q2, a sequential increase of 103% over Q1 2009
President and CEO Mike Fries said, “Our mid-year results reflect the continued resilience of our business and the increasing relevance of our products and services to our customers. For the first six months of 2009, we achieved rebased OCF growth of 8%, which is above our full-year guidance range of 5-7%, and record free cash flow of $496 million. In light of this performance, we are reconfirming our guidance targets for 2009.”
Editor's note: Image rights belong to the respective publisher.
Conclusion of this article: « Cablecom: Liberty Global reports second quarter 2009 results »
Source: Cablecom, Press release