Liberty Global’s European operations posted a net loss in the three months to June, but the company saw sales tick up thanks to its opco in Germany.
Q2 revenues rose 1.6 percent year-on-year to $3.66 billion as the operator recorded increases in all its major markets bar Switzerland and Austria.
Germany’s Unitymedia was the best performer, registering a sales increase of 4.6 percent to $656 million despite losing almost 5,000, mainly mobile, customers. The company said it had focused on promoting higher-value bundles.
At Virgin Media, Liberty’s largest market, sales grew 0.9 percent to $1.57 billion.
The UK and Ireland business added over 33,000 video subscriptions compared to a net loss of 16,500 this time last year – its best ever Q2 performance – which it put down to the launch of a new set top box and the relaunch of its TV service.
Across all of the services it offers, Virgin recorded 78,100 net additions in the period – 28,000 more than 12 months ago.
This translated into 21,100 more fixed line subscribers, but it lost 7,500 mobile customers.
After the misreporting figures related to its network build out earlier this year, Liberty said the new leadership team in charge of Project Lightning delivered 127,000 new premises passed in the quarter.
The company has now reached 796,000 of the four million homes and premises it plans to reach by 2020.
Belgium’s Telenet also saw revenues rise, by 0.7 percent to $686 million, thanks to “strong” growth in B2B.
However, sales fell 1.5 percent in Switzerland and Austria, where Liberty trades as upc, as the ARPU of a number of services declined.
Liberty also made a net loss of $637 million versus a net profit of $204 million 12 months ago, as the company’s joint venture with Netherlands is no longer included in its results.
Liberty Global CEO Mike Fries said: "During the first six months of the year, we added 406,000 RGUs across our European markets, including a 16 percent year-over-year improvement in Western Europe, underpinned by our strongest H1 video performance since 2006 and continued network expansion.
“Our next-generation video platforms, which include elegant user-interfaces, in-and-out of the home viewing capabilities and robust content line-ups, continue resonating with consumers, as we've added one million subscribers across Europe during the last twelve months.”