Q3 2024 financial results

5.8m

Fixed Line customers

(↑ 15,000 in Q3)

45.4m

Total Mobile connections

(↓ 74,300 in Q3)

£2,702m

Revenue

(↓ 2.4% YoY)

£1,002m

Adjusted EBITDA

(↓ 4.1% YoY)

 

 

Continued momentum in fibre footprint expansion and 5G connectivity rollout

"During Q3 we have continued to make progress against our core strategy as we invest in the foundations for future growth.

We delivered on both volume and value in consumer fixed, with a return to customer growth coupled with an increase in fixed-line ARPU. In mobile, we saw a quarterly trend improvement in key metrics, supported by a reduction in O2 churn during a summer of key campaigns for our loyalty programme Priority and inclusive EU roaming.

Our 5G and fibre rollout continues at pace, and we have invested more than £1.5 billion so far this year as we focus on delivering a great customer experience with fast, reliable connectivity in more areas, increased loyalty benefits and improvements in our customer service performance.

In the first nine months we are tracking well against EBITDA guidance, enabling us to reiterate all guidance metrics with confidence, as we keep our foot on the gas with targeted investments in the salient final quarter."

Lutz Schüler - Chief Executive Officer

Investor information

For further investor information please visit the investor websites of Liberty Global and Telefónica.

8-K form Liberty Global investor site Telefónica investor site

Investor Relations contacts

Virgin Media O2

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