Liberty Global plc - Class A (LBTYA)
NASDAQ:LBTYA
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Earnings Data
Report Date
Jul 23, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.37Last Year’s EPS
-8.09Same Quarter Last Year
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed clear operational momentum (fourth consecutive quarter of broadband improvement, improved net-add trends, product innovation and cost discipline) and strong strategic progress on the Ziggo Group value-unlock and financing. Management reaffirmed 2026 guidance, reduced corporate costs materially and expects a healthy corporate cash position by year-end. Offsetting these positives are near-term top-line and EBITDA declines at several OpCos, elevated fiber-related CapEx that pressured Q1 free cash flow, ongoing mobile subscriber losses in some markets, and dependence on asset sales and regulatory approvals to meet deleveraging targets. On balance the positives — sustained commercial improvement, cost reduction, strategic deal progress and solid financing — outweigh the operational and execution challenges noted.Company Guidance
Consistent Broadband Improvement
Fourth consecutive quarter of broadband improvement across the three core markets; VodafoneZiggo reported its best quarterly broadband net adds in 3 years and Telenet delivered its highest quarterly broadband result in 10 years. Virgin Media O2 reduced broadband losses to 6,000 in Q1 versus 43,000 a year ago.
2026 Guidance Reconfirmed
Management reconfirmed all 2026 guidance metrics for VMO2, VodafoneZiggo, Telenet and corporate costs, signaling confidence in outlook despite near-term pressures.
Corporate Cost Reduction
Net corporate costs reduced by ~75% since 2024 to around $50 million in 2026; Liberty Corporate delivered adjusted EBITDA of negative $2 million in Q1 and is on track for full-year guidance of negative $50 million.
Progress on Ziggo Group Value-Unlock
Acquisition of Vodafone's 50% stake in the Dutch JV expected to close this summer; management targets a tax-free spin-off of the Ziggo Group in H2 2027 with an estimated 2028 free cash flow of ~EUR 500 million and target leverage of ~4.5x by 2028.
Balance Sheet and Cash Position
Consolidated cash ended the quarter at $1.9 billion. After funding the €1.2 billion Vodafone transaction and targeted asset sales (~$700 million), management expects to end 2026 with about $1.5 billion of corporate cash; ~$300 million of asset-sale proceeds realized through April.
Liberty Growth Portfolio Stable
Growth portfolio fair market value remained broadly stable at $3.4 billion, with modest investments (AtlasEdge, egg Power, NextFibre, EdgeConneX) offset by partial disposals of ITV and part of EdgeConneX.
Operational Wins and Product Innovation
VodafoneZiggo capitalized on multi-brand strategy, network awards (Umlaut), DOCSIS4 field trials and plans for 4- and 8-gig products; O2 launched direct-to-device O2 Satellite and expanded 5G standalone footprint (largest SA footprint in the U.K.).
Telenet EBITDA Upside from Content Strategy
Telenet delivered broadly stable revenue in Q1 and adjusted EBITDA growth of 8.9% year-over-year, driven by lower content costs after exiting football rights and strong cross-sell performance.
Capital Allocation Discipline and Financing
Underwritten $4.35 billion syndicated financing in place to support separations and transactions; continued focus on rotating capital into higher-growth investments and value-unlocking transactions.
Formula E GEN4 Milestone
Formula E unveiled the GEN4 car: ~600 kW (71% increase in base output), 0–100 km/h in 1.8s, >335 km/h top speed, ~10s lap time improvement and strong sustainability credentials; notable commercial/brand achievement for Liberty Growth.
LBTYA 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
LBTYA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 01, 2026 | $11.58 | $11.96 | +3.28% |
Feb 18, 2026 | $11.16 | $13.03 | +16.76% |
Oct 30, 2025 | $10.71 | $10.97 | +2.43% |
Aug 01, 2025 | $10.02 | $10.54 | +5.19% |
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 plc - Class A (LBTYA) report earnings?
Liberty Global plc - Class A (LBTYA) is schdueled to report earning on Jul 23, 2026, After Close (Confirmed).
What is Liberty Global plc - Class A (LBTYA) earnings time?
Liberty Global plc - Class A (LBTYA) earnings time is at Jul 23, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is LBTYA EPS forecast?
LBTYA EPS forecast for the fiscal quarter 2026 (Q2) is -0.37.