Liberty Global B (LBTYB)
NASDAQ:LBTYB
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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 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a constructive operational and strategic tone: management reported sustained broadband momentum across markets, confirmed full-year 2026 guidance, delivered meaningful corporate cost reductions and a strong liquidity position, and outlined a clear value-unlock plan (Vodafone stake close, Ziggo Group spin plans, target EUR 500M FCF by 2028). At the same time, several OpCos reported near-term revenue and EBITDA declines, elevated CapEx is pressuring Q1 free cash flow, and key regulatory and asset-sale assumptions underpinning the Ziggo deleveraging plan remain execution risks. Overall, the positive operational trends and the firm strategic roadmap and liquidity position outweigh the near-term financial softness and execution risks.Company Guidance
Broadband improvement across core markets
Fourth consecutive quarter of broadband improvement across the company's three core markets; VodafoneZiggo reported its best quarterly broadband result in 3 years; Virgin Media O2 broadband losses improved to ~6,000 in Q1 vs ~43,000 a year ago; Telenet delivered its highest quarterly broadband result in 10 years.
Guidance reaffirmed for 2026
Management confirmed all 2026 guidance metrics for VMO2, VodafoneZiggo and Telenet and reconfirmed full-year corporate cost guidance.
Material corporate cost reduction and liquidity position
Net corporate costs reduced by ~75% since 2024 to around $50 million this year; consolidated cash balance ended the quarter at $1.9 billion; after funding the €1.2 billion Vodafone transaction and ~$700 million of asset sales, management expects to end 2026 with ~ $1.5 billion of corporate cash; ~$300 million of sale proceeds generated through April.
Vodafone stake acquisition and Ziggo Group value-unlock plan
Acquisition of Vodafone's 50% stake in the Dutch JV on track to close this summer; management expects approx. EUR 1 billion of synergies from consolidation and estimates Ziggo Group free cash flow of ~EUR 500 million by 2028 (from ~EUR 120 million in 2026) with a targeted leverage of ~4.5x by 2028.
Belgium restructuring and network cooperation
Telenet separated its fixed network into Wyre (2/3, 1/3 JV); a network cooperation agreement with Proximus was signed and will result in a single network in ~75% of Flanders; this structure is intended to move fiber CapEx off-balance-sheet and support deleveraging.
Liberty Growth portfolio stable and capital rotation progressing
Growth portfolio fair market value remained broadly stable at $3.4 billion; management has historically divested ~$1.6 billion since 2019 and is targeting another ~$700 million in sale proceeds this year (with ~$300 million already realized).
Product and network innovations — U.K. and technology launches
Virgin Media O2 launched O2 Satellite (first UK operator to enable direct-to-device satellite connectivity) and reported the largest 5G standalone footprint in the U.K.; U.K. fixed ARPU remained relatively stable at ~GBP 46.50 and mobile ARPU at ~GBP 17.
Formula E GEN4 launch — significant sports/tech milestone
GEN4 race car launched with ~600 kW power (+71% vs prior generation), 0–100 km/h in ~1.8 sec, top speeds >335 km/h and an estimated ~10 second decrease in lap times; vehicle meets sustainability goals (≥20% recyclable materials, 98.5% recyclable overall) and is expected to materially raise the championship profile.
LBTYB 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
LBTYB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 01, 2026 | $15.18 | $16.49 | +8.63% |
Feb 18, 2026 | $13.37 | $14.08 | +5.29% |
Oct 30, 2025 | $11.71 | $11.00 | -6.06% |
Aug 01, 2025 | $10.20 | $10.40 | +1.96% |
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 B (LBTYB) report earnings?
Liberty Global B (LBTYB) is schdueled to report earning on Jul 23, 2026, After Close (Confirmed).
What is Liberty Global B (LBTYB) earnings time?
Liberty Global B (LBTYB) 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?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LBTYB EPS forecast?
LBTYB EPS forecast for the fiscal quarter 2026 (Q2) is -0.37.