as of 10-26-2026 3:41pm EST
Liberty Global is a holding company with interests in European telecom companies in the UK, the Netherlands, Belgium, Ireland, and Slovakia. Liberty owns the main cable network in each of these geographies and has pursued a strategy since 2016 to merge or partner with mobile network operators to be able to offer converged services. Liberty also owns minority stakes in other media, entertainment, and cloud companies.
| Founded: | 2004 | Country: | Bermuda |
| Employees: | N/A | City: | HAMILTON |
| Market Cap: | 3.2B | IPO Year: | 2013 |
| Target Price: | $14.47 | AVG Volume (30 days): | 4.0M |
| Analyst Decision: | Buy | Number of Analysts: | 12 |
| Dividend Yield: | N/A | Dividend Payout Frequency: | N/A |
| EPS: | 0.96 | EPS Growth: | -593.14 |
| 52 Week Low/High: | $7.48 - $13.52 | Next Earning Date: | 11-03-2026 |
| Revenue: | $11,541,500,000 | Revenue Growth: | -3.48% |
| Revenue Growth (this year): | 38.14% | Revenue Growth (next year): | 20.37% |
| P/E Ratio: | 8.19 | Index: | N/A |
| Free Cash Flow: | -132000000.0 | FCF Growth: | N/A |
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SEC 8-K filings with transcript text
Oct 14, 2026 · 100% conf.
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$7.99
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$8.02
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$6.97
2 ex991-libertyglobalannounc.htm
Document
Exhibit 99.1
Denver, Colorado; Amsterdam, NL – October 14, 2026
Liberty Global Ltd. (Nasdaq: LBTYA, LBTYB, LBTYK) welcomes EU commission clearance of its sale of VodafoneZiggo’s passive tower assets to DigitalBridge, TD Greystone Infrastructure and L&G.
Liberty Global continues to anticipate the deal closing [by year-end], with total consideration of €669 million as part of the targeted €1.2-1.4 billion of non-core asset disposals to support the intended listing of Ziggo Group in Amsterdam in the middle of 2027 pursuant to a spin-off transaction, as previously announced. Proceeds from the tower sale are to be used to support de-leveraging at VodafoneZiggo.
Mike Fries, Chairman and CEO of Liberty Global, said: “We welcome the swift EU Commission clearance regarding the sale of our Dutch towers which represents another important step towards the compelling listing of Ziggo Group next year. We can confirm that proceeds will be used for de-leveraging at VodafoneZiggo alongside free cash flow generation ahead of the spin-off.
“VodafoneZiggo’s ‘How we win plan’ has driven record commercial momentum during the third quarter of 2026, with the best broadband net adds performance since 2019. Furthermore, VodafoneZiggo had overall revenue growth during the third quarter of 2026, supported by strong value proposition for broadband customers.
“This is alongside the exciting launch this week of internet speeds of up to 8Gbps in The Netherlands following the network’s upgrade to DOCSIS 4 technology which was completed in a record 18 months. This innovative use of new technology has future proofed the local network without the need for expensive digging.”
Liberty Global will release its third quarter 2026 results on the morning of Tuesday, November 3, 2026. You are invited to join in its Investor Call, which will begin at 09:00 a.m. (Eastern Time). During the call, management will discuss the Liberty Global’s results and may provide other forward-looking information.
Liberty Global Ltd. (Nasdaq: LBTYA, LBTYB, LBTYK) delivers long-term shareholder value through the strategic management of two complementary platforms: Liberty Telecom and Liberty Growth.
Liberty Telecom is a world leader in converged broadband, video and mobile communications, providing approximately 80 million fixed and mobile connections across Europe through advanced fiber and 5G networks that empower customers and strengthen national economies. The business generates aggregate revenue of $22 billion, including approximately $13 billion from the nonconsolidated VMO2 joint venture and $9 billion* from consolidated operations.
Liberty Growth invests in scalable businesses across the technology, media, sports and infrastructure sectors, with a portfolio of roughly 70 companies and funds valued at $3.4 billion.**
Together, these platforms reflect Liberty Global’s focus on operating, enabling and investing in businesses with strong strategic fit and the potential to deliver sustainable long‑term returns.
*Includes 100% of the revenue of the VodafoneZiggo JV. Upon acquisition of Vodafone's 50% interest, Liberty Global began consolidating VodafoneZiggo in July 2026.
**As independently valued as of December 31, 2025.
Ziggo Group is a newly established Benelux champion in connectivity, entertainment and digital services, bringing together Liberty Global's interests in VodafoneZiggo and Telenet.
With 13 million customers and €6.6 billion in revenue, Ziggo Group combines strong national businesses in the Netherlands, Belgium and Luxembourg with greater scale at Group level.
The Group develops the shared strengths in technology, innovation and capital that multiply what each business can achieve on its own. This enables VodafoneZiggo and Telenet to invest more, move faster and grow in their own markets, where they remain fully responsible for their customers, people, culture and performance.
Ziggo Group is preparing for an intended listing on Euronext Amsterdam in mid-2027. Find out more at ziggogroup.com.
This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the combination of Liberty Global’s interests in VodafoneZiggo and Telenet into a new holding company to be named Ziggo Group, the potential listing of the Ziggo Group shares for trading (together, the “Transaction”), the performance of Ziggo Group following the Transaction, expectations regarding VodafoneZiggo’s operating and financial results, timing of the sale of VodafoneZiggo’s passive tower assets and other information and statements that are not historical fact. These forward-looking statements are subject to certain risks and uncertainties, some of which are beyond our control, that could caus
Jul 24, 2026 · 100% conf.
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-2.53%
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2 ex991lgq22026pressrelease.htm
Document
Exhibit 99.1
Strong operational results and continued progress toward Ziggo Group spin-off in 2027
Denver, Colorado: July 24, 2026 - Liberty Global Ltd. announces its Q2 2026 financial results.
CEO Mike Fries stated, “In the second quarter, we continued to execute against our strategic priorities including taking key steps towards unlocking value for shareholders through the planned Ziggo Group spin-off as early as mid-2027:
•Liberty Telecom: Our Telecom operations continued to focus on driving commercial momentum and investing in the future-proofing of our infrastructure. In the Benelux, VodafoneZiggo delivered positive broadband net adds with the best quarterly performance in six years driven by continued execution of the How We Win plan, while Telenet delivered the fifth consecutive quarter of positive broadband net adds, supported by strong cross-sell campaigns and sales execution. In the UK, broadband and postpaid trading performance improved year-over-year at Virgin Media O2, while the full fiber network expansion hit a milestone 9 million1 premises. Virgin Media Ireland delivered positive postpaid mobile net adds for the sixth consecutive quarter and positive total broadband net adds2, supported by strong wholesale performance.
•Ziggo Group spin-off: During Q2 we made significant progress against the key steps ahead of the Ziggo Group spin-off in 2027, including the announcement of Ziggo Group management in June. In Belgium, we received approval from the Belgian Competition Authority for the fiber sharing agreement with Proximus, enabling a full separation of the capital structures at Telenet and Wyre. In the Netherlands, we remain on-track to close the acquisition of Vodafone's 50% stake in Vodafone Ziggo by the end of July, with all approvals met to close.
•Liberty Growth: In the second quarter, we completed the full exit of our remaining stake in EdgeConneX for total proceeds of $604m representing >30% IRR on our investment and bringing our year-to-date disposals to ~$900m. The portfolio remains concentrated, with the top five investments comprising over 50% of the $2.9 billion3 FMV. We are continuing to focus on areas where we see conviction in our right-to-play, with strong structural tailwinds and a clear path to value monetization over time.
•Liberty Global: Year-to-date we have achieved ~$1.2 billion in asset monetizations, including Growth portfolio disposals of ~$900m and a ~$340m asset-backed loan secured by a portion of our Wyre stake. As a result, we are upgrading our year-end corporate cash target from ~$1.5 billion to ~$2.0 billion4. We remain focused on disciplined capital allocation and rotation, while continuing to execute our strategy and return value directly to shareholders."
1
Key Summary of Operating and Financial Highlights5,6
Three months ended June 30,Increase/(decrease)Six months ended June 30,Increase/(decrease)
20262025Reported % Rebased %7 20262025Reported % Rebased %7
in millions, except % amounts
Revenue
Telenet$753.1 $785.1 (4.1)(1.0)$1,512.5 $1,528.3 (1.0)(0.7)
Wyre197.8 195.0 1.4 (1.0)396.7 375.8 5.6 (1.0)
VM Ireland122.4 122.8 (0.3)(2.7)249.4 238.6 4.5 (2.0)
Consolidated Liberty Telecom1,073.3 1,102.9 (2.7)2,158.6 2,142.7 0.7
Liberty Growth110.8 163.8 (32.4)(27.9)288.4 291.1 (0.9)(0.6)
Liberty Corporate232.7 223.7 4.0 (3.7)471.9 431.1 9.5 (3.5)
Consolidated intercompany eliminations(244.8)(221.3)N.M.N.M.(472.3)(424.6)N.M.N.M.
Total consolidated$1,172.0 $1,269.1 (7.7)(6.0)$2,446.6 $2,440.3 0.3 (1.5)
Nonconsolidated 50% owned Liberty Telecom:
$3,220.3 $3,373.5 (4.5)(7.9)$6,442.7 $6,499.8 (0.9)(7.2)
VodafoneZiggo JV $1,133.7 $1,123.3 0.9 (1.5)$2,282.2 $2,175.3 4.9 (1.7)
Net earnings (loss)
Liberty Global Consolidated$(357.8)$(2,773.8)87.1 $0.4 $(4,097.1)100.0
Liberty Growth$(59.5)$(36.7)(62.1)$(99.3)$(50.5)(96.6)
Liberty Corporate$(274.1)$(2,700.5)89.9 $88.7 $(4,106.6)102.2
Adjusted EBITDA
Telenet$197.0 $185.1 6.4 4.8 $380.9 $340.9 11.7 6.7
Wyre141.6 152.9 (7.4)(9.4)295.9 298.7 (0.9)(7.0)
VM Ireland40.4 41.4 (2.4)(4.7)78.8 78.6 0.3 (5.8)
Consolidated Liberty Telecom379.0 379.4 (0.1)755.6 718.2 5.2
Liberty Growth(25.7)(13.3)(93.2)9.1 (23.7)(3.0)(690.0)31.3
Liberty Corporate(18.0)(20.8)13.5 N.M.(20.3)(35.3)42.5 N.M.
Consolidated intercompany eliminations(10.4)(10.0)N.M.N.M.(20.2)(20.0)N.M.N.M.
Total consolidated$324.9 $335.3 (3.1)(4.2)$691.4 $659.9 4.8 (1.3)
Nonconsolidated 50% owned Liberty Telecom:
$1,180.3 $1,172.3 0.7 (2.2)$2,272.1 $2,245.7 1.2 (4.6)
VodafoneZiggo JV $470.1 $496.7 (5.4)(7.6)$952.1 $959.8 (0.8)(7.0)
2
Subscriber Variance Table — June 30, 2026 vs. March 31, 2026
Fixed-Line Customer
RelationshipsBroadband SubscribersTotal RGUsPostpaid Mobile Subscribers
Organic Change Summary
Consolidated Reportable Segments:
Telenet (14,000)6,100 (53,200)2,200
VM Ireland(5,900)(5,000)(13,500)3,000
Total Consolidated Reportable Segments(19,900)1,10
May 1, 2026
2 ex991lgq12026pressrelease.htm
Document
Exhibit 99.1
Executing value unlock strategy as commercial momentum builds across all markets
Denver, Colorado: May 1, 2026 - Liberty Global Ltd. announces its Q1 2026 financial results.
CEO Mike Fries stated, “In the first quarter, we made continued progress against our operational and strategic goals while remaining fully focused on unlocking and crystallizing value for shareholders. We are on track with our Ziggo Group plans, including the acquisition of Vodafone's 50% stake in VodafoneZiggo which should close in July and the building blocks required to spin-off our interest to shareholders in H2 2027. After an encouraging commercial performance in Q1, we are reiterating all 2026 full-year guidance targets.
•Liberty Telecom: Our Telecom operations delivered strong Q1 commercial results with sequential improvement in broadband net adds across our markets. Virgin Media O2 further optimized its fixed commercial initiatives and launched O2 Satellite, becoming the first UK operator to provide direct-to-device satellite connectivity. VodafoneZiggo improved broadband net adds for the fourth consecutive quarter since its new strategic plan while Telenet achieved its best broadband performance in over 10 years, driven by exceptional sales execution and cross-sell campaigns. Virgin Media Ireland delivered another positive quarter of wholesale growth, while driving positive postpaid mobile net adds for the fifth consecutive quarter.
•Liberty Growth: We continued to execute our strategy of rotating capital within the Growth portfolio during Q1, exiting half of our 5% stake in ITV and a portion of our EdgeConneX investment, with combined disposal proceeds of ~$180m in the quarter and $300m15 through April. The portfolio remains concentrated, with our top five investments comprising ~65% of its $3.4B1 FMV at March 31, 2026. We have also moved Liberty Blume into a new 'Services' pillar in the portfolio, to reflect its increased focus on third-party revenue growth going forward. Liberty Growth continues to be a significant source of capital and we are focused on investing in sectors that have structural tailwinds along with a clear path to value creation.
•Liberty Corporate: As we highlighted at our year-end call, we delivered a substantial reshaping of our corporate operating model that will result in a ~75% improvement to our Adj. EBITDA outlook13 for this year compared to 2024. As we look ahead, we remain committed to identifying further efficiencies and are squarely focused on executing our strategy to grow and deliver value directly to shareholders.
We ended the first quarter with a consolidated cash balance of $1.9 billion14, reflecting disciplined capital allocation and further non-core asset disposals, as we rotate capital into higher growth investments and strategic transactions."
1
Key Summary of Operating and Financial Highlights2,3
Three months ended March 31,Increase/(decrease)
20262025Reported % Rebased %4
in millions, except % amounts
Revenue
Telenet$759.4 $743.2 2.2 (0.4)
Wyre198.9 180.8 10.0 (1.0)
VM Ireland127.0 115.8 9.7 (1.4)
Consolidated Liberty Telecom1,085.3 1,039.8 4.4
Liberty Growth177.6 127.3 39.5 25.4
Liberty Corporate239.2 207.4 15.3 (2.4)
Consolidated intercompany eliminations(227.5)(203.3)N.M.N.M.
Total consolidated$1,274.6 $1,171.2 8.8 2.9
Nonconsolidated 50% owned Liberty Telecom:
$3,222.4 $3,126.3 3.1 (6.5)
VodafoneZiggo JV $1,148.5 $1,052.0 9.2 (1.8)
Net earnings (loss)
Liberty Global Consolidated$358.2 $(1,323.3)127.1
Liberty Growth$(39.8)$(13.8)(188.4)
Liberty Corporate$362.8 $(1,406.1)125.8
Adjusted EBITDA
Telenet$183.9 $155.8 18.0 8.8
Wyre154.3 145.8 5.8 (4.6)
VM Ireland38.4 37.2 3.2 (7.1)
Consolidated Liberty Telecom376.6 338.8 11.2
Liberty Growth2.0 10.3 (80.6)N.M.
Liberty Corporate(2.3)(14.5)84.1 N.M.
Consolidated intercompany eliminations(9.8)(10.0)N.M.N.M.
Total consolidated$366.5 $324.6 12.9 1.4
Nonconsolidated 50% owned Liberty Telecom:
$1,091.8 $1,073.4 1.7 (7.0)
VodafoneZiggo JV $482.0 $463.1 4.1 (6.4)
2
Subscriber Variance Table — March 31, 2026 vs. December 31, 2025
Fixed-Line Customer
RelationshipsBroadband SubscribersTotal RGUsPostpaid Mobile Subscribers
Organic Change Summary
Consolidated Reportable Segments:
Telenet (13,500)17,100 (143,400)(9,100)
VM Ireland(3,300)(2,500)(11,300)1,800
Total Consolidated Reportable Segments(16,800)14,600 (154,700)(7,300)
Q1 2026 Consolidated Reportable Segments Adjustments:
Telenet — — — (10,600)
Nonconsolidated Reportable Segments:
VodafoneZiggo JV(i) (15,100)(8,500)(64,200)24,700
Q1 2026 Joint Venture Adjustments:
— — — (72,300)
(i)Organic movements for the periods presented exclude certain B2B customers and subscribers for fixed line counts and include voice-only connections for mobile counts.
3
Virgin Media O2 begins 2026 focused on netwo
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