Investor Releases
Nov 03, 2011
Q3 2011 Selected Operating and Financial Results
Unitymedia Delivers Record Quarter in RGU Growth
Cologne, Germany – November 3, 2011. Unitymedia GmbH (“Unitymedia”), the second largest cable operator in Germany, today provides selected, preliminary unaudited historical and pro forma financial and operating information for the three and nine months ended September 30, 2011. Unitymedia is a subsidiary of Liberty Global, Inc. (“Liberty Global”) (NASDAQ: LBTYA, LBTYB and LBTYK). A copy of this press release is available on Unitymedia´s (www.unitymedia.de) and Liberty Global´s (www.lgi.com) websites. In addition, Unitymedia’s unaudited interim financial statements with the accompanying notes are expected to be posted to both websites prior to the end of November 2011.
The financial and operating information presented for the nine months ended September 30, 2010 is presented on a pro forma basis. Financial and operating information included in this release for all other periods is presented on a historical basis unless otherwise noted. For additional information, see footnote 1 on page 9. Operating and financial highlights for the three months (“Q3”) and nine months (“9M”) ended September 30, 2011, as compared to the results for the same period last year (unless noted), include:
Operating Performance and Highlights:*
- Best quarterly RGU performance in company history with total RGU net additions of 131,400 in Q3 2011, a 65% increase as compared to Q3 2010
- Speed leadership and HD/DVR driving accelerated upsell of advanced services into existing video base:
- Broadband internet base grew by 69,600 RGUs during Q3 2011, a 57% year-over-year improvement and the strongest quarterly growth ever
- Telephony tracking internet take-up as telephony base increased by a record 68,900 RGUs during Q3 2011
- Digital video cable RGUs now represent 38% of video base after adding 55,400 RGUs during Q3 2011
Financial Results:*
- Revenue grew 10% to €260 million in Q3 2011 and 9% to €758 million for 9M 2011
- Monthly ARPU per customer relationship in Q3 2011 improved 10% to €16.70
- Adjusted EBITDA increased by 14% to €155 million in Q3 2011 and 18% to €455 million for 9M 2011, representing margins of 60% for both periods
- Loss from continuing operations was €49 million and €122 million for the three and nine months ended September 30, 2011, respectively
- Capex represented 26% of revenue for both Q3 2011 and the 9M 2011
