Liberty Global C (LBTYK)
NASDAQ:LBTYK
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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
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a cautiously optimistic tone: management highlighted clear operational improvements (four consecutive quarters of broadband recovery across key markets), material corporate cost reductions (~75% since 2024), confirmed 2026 guidance, a stable growth-portfolio valuation ($3.4bn), and a defined path to unlock value via the Ziggo Group spin-off and asset sales. Offsetting these positives were near-term revenue declines and margin pressures at several operating companies, elevated CapEx for fiber rollouts impacting distributable free cash flow, transitional wholesale/pricing effects (Wyre) and regulatory/execution risks tied to material transactions. On balance, the strategic roadmap and cash/cost discipline weigh positively, while several execution and top-line pressures temper the outlook.Company Guidance
Broadband Improvement Across Core Markets
Fourth straight quarter of broadband improvement across Liberty Global's three core markets; VodafoneZiggo reported its best quarterly broadband net adds in 3 years and VMO2 reduced quarterly broadband losses to 6,000 (versus 43,000 a year ago). This operational momentum was attributed to pricing, marketing, product expansion and network upgrades (DOCSIS/FTTH trials).
Guidance Reconfirmed for 2026
Management reconfirmed full-year 2026 guidance for VMO2, VodafoneZiggo, Telenet and corporate costs, signaling confidence in the business trajectory despite mixed top-line trends.
Corporate Cost Reduction
Net corporate costs have been reduced by ~75% since 2024 to approximately $50 million for 2026, supporting improved corporate efficiency and allocation of capital to value-creating initiatives.
Liquidity and Cash Position
Consolidated cash balance of $1.9 billion at quarter end; after funding the $1.2 billion Vodafone stake and expected asset rotations (~$700 million targeted), management expects ~ $1.5 billion of corporate cash by year-end; $300 million of proceeds already generated through April.
Progress on Benelux Value-Unlock (Ziggo Group)
Acquisition of Vodafone's 50% stake in Dutch JV on track to close this summer; management projects Ziggo Group 2028 free cash flow of ~EUR 500 million and targets leverage ~4.5x by 2028, supported by EUR 1.2–1.4 billion of local asset sales and ~EUR 1 billion of estimated synergies from consolidation.
Liberty Growth Portfolio Stability
Liberty Growth fair market value remained broadly stable at $3.4 billion versus 2025 year-end; portfolio used to rotate capital into higher-growth sectors and support telecom value-unlock initiatives.
Product and Technology Innovation
Commercial trials and launches: DOCSIS 4.0 field trials underway (4 and 8 Gbps products planned later in year), O2 Satellite direct-to-device service launched in the U.K., and continued U.K. fiber expansion (8.7 million fiber homes available).
Strong Operational Results in Key Subsidiaries
Telenet delivered its highest quarterly broadband result in 10 years with adjusted EBITDA up 8.9% (driven by lower content costs after exiting football rights); Telenet reported EUR 10 million of free cash flow in Q1 and expects at least EUR 20 million for the full year.
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 |
|---|---|---|---|
May 01, 2026 | $11.34 | $11.77 | +3.79% |
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% |
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 Jul 23, 2026, After Close (Confirmed).
What is Liberty Global C (LBTYK) earnings time?
Liberty Global C (LBTYK) 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 LBTYK EPS forecast?
LBTYK EPS forecast for the fiscal quarter 2026 (Q2) is -0.37.