Liberty Global Q4 net loss decreases
Feb 15, 2013 (Datamonitor via COMTEX) --
Liberty Global, Inc., a provider of video, broadband internet and telephony services, has reported that net loss attributable to the company's stockholders for the fourth quarter ended December 31, 2012 was $331.3 million, or $1.27 loss per share, compared to a net loss attributable to the company's stockholders of $435 million, or $1.58 loss per share, for the same quarter ended December 31, 2011.
Revenue for the fourth quarter ended December 31, 2012 was $2.73 billion, compared to $2.4 billion for the same quarter ended December 31, 2011.
Net earnings attributable to the company's stockholders for the year ended December 31, 2012 were $322.8 million, or $1.21 per share, compared to a net loss attributable to the company's stockholders of $772.7 million, or $2.93 loss per share, for the year ended December 31, 2011.
Revenue for the year ended December 31, 2012 was $10.31 billion, compared to $9.51 billion, for the year ended December 31, 2011.
Liberty Global President and CEO Mike Fries stated, "2012 was a great year for our company and we finished on a high note, reporting our strongest subscriber growth ever in the fourth quarter. For the full year we added 1.6 million organic RGUs, including 465,000 in Q4 alone. These record results were driven by the success of our triple-play bundles, which leverage our superior broadband speeds and resulted in record annual broadband internet and telephony subscriber additions.
"At the same time, we made significant progress on our product roadmap with the introduction in the Dutch market of Horizon TV, our revolutionary media and entertainment platform. Within five short months we have sold over 100,000 subscriptions and have over 200,000 unique users enjoying our on-line and multiscreen services in the Netherlands. In January of 2013, we introduced Horizon TV in Switzerland and the response has been overwhelmingly positive."
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