What caused LBTYA's significant earnings miss in Q4 2024?

Liberty Global's significant earnings miss in Q4 2024 can be attributed to several key factors:

1. **Revenue Decline in Mobile Services**: There was a significant drop in revenue from mobile services, which is a critical component of Liberty Global's business. This decline was due to lower handset sales and changes in third-party supplier contracts.
2. **Strategic Moves and Spinoff Impact**: The company is undergoing a strategic transformation, including a spinoff of its Swiss subsidiary, Sunrise, which has led to significant disruptions in operations and revenue streams. The spinoff process involves complex financial arrangements and restructuring, which can temporarily impact financial performance.

In summary, Liberty Global's earnings miss in Q4 2024 is primarily due to a combination of strategic shifts and operational challenges, particularly in the mobile service segment, and the impact of these changes on overall revenue generation.