Successful Spin-off of Sunrise
Liberty Global completed the spin-off of its Swiss subsidiary, Sunrise, delivering a $9 per share tax-free dividend to shareholders and achieving a significant uplift in trading multiples.
Formula E Investment
Liberty Global increased its stake in Formula E to 66%, with the championship experiencing a 23% growth in global fans and technological advancements in racing cars.
Strong Cash Position and Share Buyback
Liberty Global ended Q4 with a cash balance of $2.2 billion and executed $700 million in share buybacks, with plans to buy back up to 10% of shares in 2025.
Liberty Services Growth
Liberty Services generated over $100 million in revenue, breaking even on an adjusted EBITDA basis, and has contracts with key clients like Tesco and Mobile.