Investor Releases
Q1 2010 Selected Operating and Financial Results
Continued Triple Play Growth at Unitymedia
Cologne, May 7, 2010 – Unitymedia GmbH (“Unitymedia”), the second largest cable operator in Germany is today providing selected, preliminary unaudited financial and operating information for the three months (“Q”) ended March 31, 2010. Unitymedia is an indirectly owned subsidiary of Liberty Global, Inc. (“Liberty Global”) (NASDAQ: LBTYA, LBTYB and LBTYK). A copy of this press release will be posted to the Unitymedia website (www.unitymedia.de) as well as to the Liberty Global website (www.lgi.com). In addition, Unitymedia’s financial statements with the accompanying notes are expected to be posted to both websites prior to the end of May 2010.
Financial and operating highlights for the quarter ended March 31, 2010 as compared to the results for the same period last year (unless noted) include:
Cable Operating Performance*:
- Total RGUs increased 6% to 5.8 million
- Quarterly net RGU additions of 92,000 as compared to 88,000
- Advanced services subscriptions, consisting of digital cable, internet and telephony, grew by 30% or 618,000 to 2.7 million RGUs
- Telephony and internet RGUs increased 49% and 45%, respectively
- During Q1 2010, 75% of all new internet additions took Unity3play
- Digital penetration increased to 31% from 26%
- Both internet and telephony penetration reached 8% of two-way homes passed, up from 6%
Cable Financial Results and Highlights*:
- Cable revenue growth of 5% to €228 million, with blended ARPU per customer increasing 7% to €14.68 per customer
- Cable Adjusted EBITDA increased 8% to €120 million
- Cable Adjusted EBITDA margin increased 170 basis points to 53%
- Cable capital expenditures decreased to 22% of cable revenue from 28%
- Repaid pre-acquisition capital structure and completed UPC Germany debt pushdown
* For definitions and reconciliations of certain financial and subscriber metrics please see pages 8-11.
