Liberty Global’s latest financial results in Europe mirrored those of the previous quarter with a net loss accompanied by sales growth.
Net losses hit $460 million in the three months to 30 September on the back of the deconsolidation of the company’s opco in the Netherlands, which merged with Vodafone, lower cash flow and negative currency movements.
However, revenues in Europe rose 2.5 percent year-on-year to $3.88 billion with all of Liberty’s opcos contributing to the growth.
Germany’s unitymedia the best individual performer, recording a 4.6 percent rise in sales to $703.7 million.
The jump was thanks to higher residential cable subscription numbers, mobile handset revenues and growth in the SOHO segment of the enterprise market.
All told, unitymedia added a net 68,100 services in the quarter, although this was lower than the 89,400 services it added in the same period last year.
Liberty’s largest opco, Virgin Media in the UK and Ireland, saw revenues tick up 1.5 percent to $1.62 billion.
The division added 92,400 individual services, largely broadband and TV, a year-on-year increase of 15 percent, which offset a loss of 16,200 mobile customers.
Revenues rose 2.5 percent in Belgium and 1.1 percent in Switzerland and Austria to $759 and $456 million respectively.
Across central and eastern Europe, where Liberty operates a number of companies under its upc brand, sales rose 11.7 percent to $306.6 million.
CEO Mike Fries said: "The European market remains highly competitive, but our investments in the fastest broadband speeds, the coolest video apps and compelling quad-play bundles are allowing us to win share across our footprint.”
Liberty’s other operations, in Latin America and the Caribbean, saw revenues rise 0.9 percent to $908 million but made an operating loss of $202 million.
Group CTO Balan Nair was appointed CEO of this division earlier this week.