Controlled by US cable pioneer John Malone, Liberty Global reported net income of $428 million, or $1.11 per share in the second quarter ended June 30th, compared with a net loss of $129.7 million, or 34 cents per share a year earlier.

Revenue rose 25 per cent to $2.73 billion, from $2.18 billion a year earlier. Excluding the effects of foreign exchange rates, revenue growth for the quarter was six per cent, falling below the company’s previous forecast for growth of between seven per cent and nine per cent.

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