ENGLEWOOD, Colo. (AP) -- Liberty Global Inc., the international cable TV and Internet provider controlled by media mogul John Malone, said Thursday its fourth-quarter loss narrowed, helped by subscriber growth around the world. <\/p>\n
Liberty posted a loss of $331.3 million, or $1.27 per share, compared with a loss of $435 million, or $1.58 per share, in the same quarter the year before. <\/p>\n
Revenue increased 14 percent to $2.73 billion from $2.4 billion, boosted by contributions from acquisitions. <\/p>\n
Analysts on average expected a profit, adjusted to exclude one-time items, of 13 cents per share on $2.66 billion in revenue, according to FactSet. Liberty Global did not provide an adjusted earnings-per-share figure. <\/p>\n
The company added 465,000 subscribers during the recent quarter, representing a 22 percent increase from the same quarter in 2011, helped by acquisitions and strong consumer demand for bundles that include TV, phone and Internet services. <\/p>\n
Last week, Liberty Global announced plans to acquire U.K.-based Virgin Media Inc. for about $16 billion in cash and stock. <\/p>\n
For the full year, Liberty earned $322.8 million, or $1.21 per share, compared with a loss of $772.7 million, or $2.93 per share, in 2011. Revenue increased to $10.31 billion from $9.51 billion. <\/p>\n
Liberty shares fell $1.05, or 1.6 percent to $65.99 in afternoon trading. <\/p>\n
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Liberty Global cuts 4Q loss on subscriber growth<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" ENGLEWOOD, Colo. (AP) -- Liberty Global Inc., the international cable TV and Internet provider controlled by media mogul John Malone, said Thursday its fourth-quarter loss narrowed, helped by subscriber growth around the world Continue reading