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Liberty Global C (LBTYK)
NASDAQ:LBTYK
Earnings Data
Report Date
Apr 30, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-3.84Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call contained a mix of near-term operational challenges (Q4 revenue/EBITDA declines, competitive pressure in the UK, Telenet cost headwinds, and lower short-term guidance for 2026) but emphasized multiple strategic, value-creating transactions (Vodafone stake acquisition, Ziggo Group spin plan, Nexfibre expansion), substantial corporate cost reductions (75% cut in net corporate spend), strong treasury execution (refinanced ~$15B) and progress in growth assets (Formula E, data centers, Liberty Blume, energy/EV). Management signaled a clear path to unlock equity value through combination, deleveraging and asset monetizations with quantified synergy and free cash flow targets. Overall, the transformative deals and disciplined capital actions materially outweigh the near-term operational softness, supporting a constructive outlook for shareholder value creation over the medium term.Company Guidance
Aggregate Telecom Scale and Profitability
Liberty Telecom (4 national FMC OpCos) generates approximately $22.0B of revenue and $8.0B of EBITDA on an aggregate basis, providing a material, cash-generative core business.
Major Strategic Transactions Announced (Benelux & UK)
Announced acquisition of Vodafone's 50% stake in VodafoneZiggo for EUR 1.0B cash plus 10% equity in a new Ziggo Group (to hold VodafoneZiggo + Telenet) and Nexfibre (JV) acquisition of Substantial Group/Netomnia (EV GBP 2.0B, net GBP 1.1B at close) to create an 8M-home UK fiber platform by 2027.
Ziggo Group Value-Creation Plan
Combination of Netherlands and Belgium expected to serve ~7M mobile subs and >5M broadband subs with combined revenue ~EUR 6.6B and EBITDA >EUR 2.5B; management estimates ~EUR 1.0B NPV of synergies and a path to ~4.5x leverage and ~USD 500M annual free cash flow by 2028; intention to list Ziggo on Euronext in 2027 and spin off 90% to shareholders.
Nexfibre/Nexfibre 2.0 Benefits to VMO2
VMO2 to receive ~GBP 1.1B cash and 15% Nexfibre stake, gain ~500k broadband customers at close, avoid CapEx & connection costs with an estimated NPV of ~GBP 800M, and have potential ~GBP 400M NPV from construction/managed services contracts.
Corporate Cost Reduction
Net corporate spend reduced by ~75% over the last 12 months; Liberty Services & Corporate closed 2025 at negative $130M adjusted EBITDA (better than $150M target), and Liberty expects corporate adjusted EBITDA around negative $50M in 2026.
Cash Position and Active Treasury Management
Consolidated cash ended the year at $2.2B; proactive refinancing extended maturities and refinanced ~USD 15B across credit silos, materially reducing 2028 maturities. Management expects to end 2026 with ~USD 1.5B corporate cash pro forma for announced transactions and expected asset sales.
Delivered Against Guidance and Shareholder Returns
OpCos (VMO2, VodafoneZiggo, Telenet) delivered on full-year guidance metrics; repurchased 5% of shares during the year (spend $34M in Q4) and $15B of buybacks over the last 9 years (shares outstanding down ~63% since 2017).
Growth Portfolio and Executions
Liberty Growth fair market value broadly stable at $3.4B; Formula E progress (Gen4 car), data center assets (EdgeConneX, AtlasEdge) show strong top-line growth (supporting >$1B year-end valuation), Liberty Blume grew revenue >20% to >GBP 100M with ~GBP 400M order book, and energy/EV assets advanced (Egg Power GBP 400M senior debt; Believ 2,500 sockets averaging ~GBP 1,500 EBITDA per socket and 23,000 additional awarded).
LBTYK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
LBTYK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 18, 2026 | $11.05 | $12.67 | +14.66% |
Oct 30, 2025 | $10.88 | $11.33 | +4.14% |
Aug 01, 2025 | $10.23 | $10.74 | +4.99% |
May 02, 2025 | $11.37 | $9.93 | -12.66% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Liberty Global C (LBTYK) report earnings?
Liberty Global C (LBTYK) is schdueled to report earning on Apr 30, 2026, After Close (Confirmed).
What is Liberty Global C (LBTYK) earnings time?
Liberty Global C (LBTYK) earnings time is at Apr 30, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LBTYK EPS forecast?
Currently, no data Available