Liberty Global had its UK and German opcos to thank for a strong financial performance in the second quarter.
Like-for-like sales in Europe, which account for over 90 percent of the company’s revenue, were up by three percent year-on-year to $4.5 billion as a result of increased ARPU in its key markets.
Growth was led by Germany, where sales were up 6.7 percent as Unitymedia added 109,000 revenue generating units (RGUs) – individual services that subscribers sign up to.
The UK, the company’s largest market, saw revenues up 3.2 percent as it added 66,000 RGUs – its best Q2 performance in eight years.
Liberty said it expected the second half of the year to outperform the first half as customers are expected to use more, partly thanks to upgrades to its network.
Sales were also up in Belgium, Switzerland and Austria, but fell 2.8 percent in the Netherlands.
The company is hopeful of turning around its fortunes in the Netherlands after the European Commission gave the green light to its proposed joint venture with Vodafone yesterday.
Across Europe, Liberty said its customers subscribe to an average of 2.1 services; 46 percent, or 11.8 million, are signed up to receive triple-play services, it said.
The company now has 6.7 million mobile subscribers in Europe, an increase of 52,000.
Across the whole group, sales rose 2.5 percent to $5.1 billion while the number of customers rose by 21,300 to 28.7 million.
However, operating income in Europe fell nine percent to $509 million due in part to increases in impairment, restructuring and other operating items.
CEO Mike Fries said: “We substantially outperformed our prior-year Q2 and our sequential Q1 results.
“Over the first six months of 2016, we doubled our subscriber additions compared to last year with improvements across all three cable products, while at the same time adding over 200,000 new postpaid mobile subscribers.”