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Liberty Global B
(NASDAQ:LBTYB)
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Rating:53Neutral
Price Target:
$11.50
▼(-4.96% Downside)
Action:Reiterated
Date:07/24/26
The score is primarily held back by weak financial performance (large recent losses and declining revenue) and bearish technicals (price below key moving averages with negative MACD). Offsetting factors include relatively solid current cash generation and a constructive earnings call focused on reaffirmed guidance, increased corporate cash targets, and monetizations/refinancings that improve liquidity and strategic flexibility.
Positive Factors
Cash generation / Free cash flow
Consistent operating cash flow (~$1.28B TTM) and positive free cash flow (~$1.41B TTM) provide a durable internal funding source to support network investment, deleveraging and strategic actions. Sustained cash generation cushions operating losses and funds monetizations and capex.
Negative Factors
Top-line decline and large net losses
A ~21% TTM revenue decline combined with very large net losses (≈-110% net margin TTM) signals structural demand, pricing or mix deterioration and volatile profitability. Persistent top-line weakness erodes equity cushions, limits reinvestment capacity, and makes sustainable deleveraging and margin recovery harder.
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Positive Factors
Negative Factors
Cash generation / Free cash flow
Consistent operating cash flow (~$1.28B TTM) and positive free cash flow (~$1.41B TTM) provide a durable internal funding source to support network investment, deleveraging and strategic actions. Sustained cash generation cushions operating losses and funds monetizations and capex.
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Liberty Global B (LBTYB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.60B
Dividend YieldN/A
Average Volume (3M)181.00
Price to Earnings (P/E)―
Beta (1Y)0.14
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees6,636
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)-8.34
Shares Outstanding12,968,658
10 Day Avg. Volume151
30 Day Avg. Volume181
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.41
Price to Sales (P/S)0.82
P/FCF Ratio-30.37
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-1.45
Revenue Forecast (FY)$4.98B
Liberty Global B Business Overview & Revenue Model
Company Description
Liberty Global plc, along with its associated companies, offers an extensive array of communication services to both individual households and business clients. These services encompass high-speed internet, television programming, landline telepho...
How the Company Makes Money
Liberty Global makes money primarily by selling connectivity and related services through its consolidated operating businesses and by earning returns from certain telecom and infrastructure investments.
1) Subscription and recurring service reve...
Liberty Global B Earnings Call Summary
Earnings Call Date:Jul 24, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 04, 2026
Earnings Call Sentiment Positive
The call balanced clear operational challenges—primarily heightened UK competition, ARPU pressure (fixed ARPU down ~4.6% YoY at VMO2), and near-term EBITDA/CapEx headwinds in several opcos—with substantial strategic progress and financial positives: confirmed 2026 guidance, material monetizations (≈$1.2B YTD and a ~$726M EdgeConneX exit with ~4x MOIC), regulatory approvals and accelerated timing for the Ziggo Group spin, corporate cost reductions (~75% lower net corporate cost vs two years ago) and an upgraded year-end corporate cash target ($1.5B to $2.0B). On balance the company demonstrated multiple credible levers to unlock value and reduce leverage over time while acknowledging short-term pressures, particularly in the UK.Positive Updates
Confirming 2026 Guidance
Management reconfirmed all 2026 guidance metrics across VMO2, VodafoneZiggo, Telenet and corporate adjusted EBITDA, providing consistency and visibility for the year.
Negative Updates
EBITDA Pressure at VodafoneZiggo
Adjusted EBITDA declined in Q2 in line with guidance, driven by the in-year impact of the 'How We Win' turnaround plan and one-off network resilience investments; adjusted EBITDA less P&E additions was lower YoY primarily due to higher CapEx in the quarter.
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Q2-2026 Updates
Positive
Negative
Confirming 2026 Guidance
Management reconfirmed all 2026 guidance metrics across VMO2, VodafoneZiggo, Telenet and corporate adjusted EBITDA, providing consistency and visibility for the year.
Read all positive updates
Company Guidance
The company reconfirmed its 2026 guidance across Virgin Media O2, VodafoneZiggo, Telenet and corporate adjusted EBITDA, while upgrading year‑end corporate cash guidance from $1.5 billion to $2.0 billion (consolidated cash was $2.4 billion at quarter end); management said it has raised $1.2 billion YTD from Liberty Growth disposals (plus a $3 million Wyre asset‑backed loan) and completed ~$4.1 billion of financings (refinancing >$4 billion across credit silos) year‑to‑date. For Benelux, Liberty expects €1.2–€1.4 billion of asset sales to reduce market debt, is targeting a Ziggo Group spin in mid‑2027, and aims to hit 4.5x leverage and €500 million of free cash flow by 2028 (synergies from the transaction now expected meaningfully above the prior >$1 billion NPV estimate). Operational and financial metrics highlighted included VodafoneZiggo fixed ARPU ~€56 and mobile ARPU €17.60 (mobile ARPU -2% YoY), VodafoneZiggo’s best consumer broadband quarter in six years with positive fixed net adds and ~32k postpaid mobile net adds, Virgin Media O2 reaching just under 19 million homes with 88% 5G reach (fixed ARPU down 4.6% YoY), Telenet’s lower CapEx profile, Ireland’s ~1 million premises fiber upgrade with expected FCF positivity in Q4, and a nearly 75% reduction in net corporate cost over two years with corporate breakeven possible as early as next year.Liberty Global B Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
54
Neutral
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.88B | 4.88B | 4.34B | 4.12B | 4.02B | 10.31B |
| Gross Profit | 3.02B | 3.21B | 2.89B | 2.83B | 2.95B | 7.29B |
| EBITDA | -1.52B | -5.64B | 3.42B | -1.72B | 2.57B | 17.24B |
| Net Income | -3.03B | -7.14B | 1.59B | -4.05B | 1.47B | 13.43B |
Balance Sheet | ||||||
| Total Assets | 21.53B | 22.60B | 25.44B | 42.09B | 42.90B | 46.92B |
| Cash, Cash Equivalents and Short-Term Investments | 2.42B | 2.16B | 2.15B | 3.40B | 4.35B | 3.18B |
| Total Debt | 9.07B | 10.16B | 9.85B | 10.23B | 15.55B | 16.19B |
| Total Liabilities | 12.07B | 12.65B | 12.90B | 23.08B | 20.32B | 21.32B |
| Stockholders Equity | 9.22B | 9.74B | 12.37B | 19.06B | 22.44B | 25.93B |
Cash Flow | ||||||
| Free Cash Flow | -254.80M | -132.00M | 1.12B | 1.24B | 1.95B | 2.14B |
| Operating Cash Flow | 1.27B | 1.21B | 2.03B | 2.17B | 2.84B | 3.55B |
| Investing Cash Flow | -459.20M | -874.90M | 684.70M | -1.84B | 1.28B | -5.80B |
| Financing Cash Flow | -171.20M | -226.10M | -2.25B | -692.40M | -3.28B | -1.55B |
Liberty Global B Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
58 Neutral | $10.74B | -546.75 | -17.64% | ― | 11.47% | 75.70% | |
55 Neutral | $3.60B | -1.24 | -29.39% | ― | ― | ― | |
54 Neutral | $3.57B | 19.12 | 2.75% | 30.29% | -56.04% | ― | |
53 Neutral | $3.60B | -1.24 | -29.39% | ― | ― | ― | |
52 Neutral | $3.60B | -1.24 | -28.95% | ― | ― | ― | |
50 Neutral | $6.57B | -3.66 | -52.11% | ― | -6.78% | -452.12% |
* Communication Services Sector Average
LBTYB
Liberty Global B
12.70
1.69
15.35%
LUMN
Lumen Technologies
6.24
2.50
66.84%
GSAT
Globalstar
83.40
55.13
195.01%
LBTYA
Liberty Global A
10.55
-0.41
-3.74%
LBTYK
Liberty Global C
10.24
-0.86
-7.75%
TDS
Telephone & Data Systems
32.98
-5.56
-14.42%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.