Liberty Global C (LBTYK)
NASDAQ:LBTYK
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Liberty Global C
(NASDAQ:LBTYK)
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Rating:58Neutral
Price Target:
$13.00
▲(14.94% Upside)
Action:ReiteratedDate:02/19/26
The score is held back mainly by weak and volatile profitability despite strong revenue rebound and solid free cash flow. Technicals are supportive with the stock above major moving averages, though overbought RSI adds caution. Valuation is unattractive/unclear due to a negative P/E, while the earnings call is moderately positive on strategic value-unlocking actions but tempered by softer 2026 operating guidance.
Positive Factors
Scale & cash-generative core
The company’s aggregate telecom scale (~$22B revenue, ~$8B EBITDA) provides a durable cash-generating base across multiple national operators. That diversified operating footprint supports steady subscription revenues, funding for network investment and resilience to country-specific shocks over the medium term.
Negative Factors
Severely negative profitability
Deeply negative margins (EBIT ~-103%, net ~-51% TTM) indicate large losses or non-recurring charges and weak earnings quality. If such profitability weakness persists it can erode equity, limit reinvestment capacity and strain long-term ability to fund network capex and distributions despite healthy revenue and FCF.
Read all positive and negative factors
Positive Factors
Negative Factors
Scale & cash-generative core
The company’s aggregate telecom scale (~$22B revenue, ~$8B EBITDA) provides a durable cash-generating base across multiple national operators. That diversified operating footprint supports steady subscription revenues, funding for network investment and resilience to country-specific shocks over the medium term.
Read all positive factors
Liberty Global C (LBTYK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.03B
Dividend YieldN/A
Average Volume (3M)971.04K
Price to Earnings (P/E)―
Beta (1Y)0.37
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees6,820
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)-8.54
Shares Outstanding147,451,800
10 Day Avg. Volume1,005,224
30 Day Avg. Volume971,038
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.41
Price to Sales (P/S)0.82
P/FCF Ratio-32.60
Enterprise Value/Market Cap2.98
Enterprise Value/Revenue2.46
Enterprise Value/Gross Profit9.32
Enterprise Value/Ebitda11.22
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-1.76
Revenue Forecast (FY)$4.99B
Liberty Global C Business Overview & Revenue Model
Company Description
Liberty Global plc, together with its subsidiaries, provides broadband internet, video, fixed-line telephony, and mobile communications services to residential and business customers. It offers value-added broadband services, such as intelligent W...
How the Company Makes Money
Liberty Global C generates revenue primarily through subscription services, which include broadband internet, television, and telephony. The company charges its customers monthly fees for these services, generating stable recurring revenue. In add...
Liberty Global C Earnings Call Summary
Earnings Call Date:Feb 18, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 01, 2026
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.Positive Updates
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.
Negative Updates
Quarterly Revenue and EBITDA Declines (VMO2)
VMO2 reported Q4 revenue decline of 5.9% (reported) and adjusted EBITDA decline of 2.4% (reported), impacted by lower Nexfibre construction revenues and sustained competitive pressure; management expects 2026 service revenue decline of ~3%–5% and adjusted EBITDA decline of ~3%–5% (guidance excludes Nexfibre/Substantial Group effects).
Read all updates
Q4-2025 Updates
Positive
Negative
Aggregate Telecom Scale and Profitability
Liberty Telecom (4 national FMC OpCos) generates approximately $22.0B of revenue and $8.0B of EBITDA on an aggregate basis, providing a material, cash-generative core business.
Read all positive updates
Company Guidance
Liberty Global's 2026 guidance was given by operating company: VMO2 (pro forma for O2 Daisy) expects total service revenues to decline 3–5% and adjusted EBITDA to decline 3–5%, with property & equipment additions of £2.0–2.2bn (ex‑ROU), adjusted free cash flow ≈£200m and shareholder distributions ≈£200m (guidance excludes the Nexfibre/Substantial Group transaction). VodafoneZiggo expects revenue to be stable to down low single digits, adjusted EBITDA to fall mid‑ to high‑single digits, P&E additions of ~23–25% of revenue, ~€100m of incremental OpEx+CapEx for network resilience in 2026 (reducing to a ~€50m OpEx impact in 2027–28), adjusted free cash flow ≈€100m and no distributions. Telenet (IFRS, ex‑Wyre) expects stable revenue growth, low‑single‑digit adjusted EBITDAaL growth, P&E additions ≈20% of revenue and positive adjusted free cash flow ≈€20m. At corporate, Liberty Corporate expects ~$(50)m negative adjusted EBITDA; the company also targets roughly $1.5bn of corporate cash at year‑end 2026, has introduced a 1.5% AUM management fee for Liberty Growth (effective Jan‑2026), and noted Liberty Services/Corporate closed 2025 at about $(130)m adjusted EBITDA (vs. a $150m target).Liberty Global C Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
62
Positive
Cash Flow
67
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.88B | 4.34B | 4.12B | 4.02B | 10.31B |
| Gross Profit | 1.29B | 2.89B | 2.83B | 2.95B | 7.29B |
| EBITDA | 1.07B | 987.90M | 951.90M | 1.27B | 3.65B |
| Net Income | -7.14B | 1.59B | -4.05B | 1.47B | 13.43B |
Balance Sheet | |||||
| Total Assets | 22.60B | 25.44B | 42.09B | 42.90B | 46.92B |
| Cash, Cash Equivalents and Short-Term Investments | 2.16B | 2.15B | 3.64B | 4.35B | 3.18B |
| Total Debt | 10.16B | 9.85B | 10.23B | 15.55B | 16.19B |
| Total Liabilities | 12.65B | 12.90B | 23.08B | 20.32B | 21.32B |
| Stockholders Equity | 9.74B | 12.37B | 19.06B | 22.44B | 25.93B |
Cash Flow | |||||
| Free Cash Flow | -123.00M | 1.12B | 1.24B | 1.95B | 2.14B |
| Operating Cash Flow | 1.22B | 2.03B | 2.17B | 2.84B | 3.55B |
| Investing Cash Flow | -883.90M | 684.70M | -1.84B | 1.28B | -5.80B |
| Financing Cash Flow | -226.10M | -2.25B | -692.40M | -3.28B | -1.55B |
Liberty Global C Technical Analysis
Positive
11.31
Price Trends
11.82
Negative
11.37
Positive
11.26
Positive
Market Momentum
<0.01
Positive
48.00
Neutral
57.38
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LBTYK, the sentiment is Positive. The current price of 11.31 is below the 20-day moving average (MA) of 11.81, below the 50-day MA of 11.82, and above the 200-day MA of 11.26, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 48.00 is Neutral, neither overbought nor oversold. The STOCH value of 57.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for LBTYK.
Liberty Global C Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | $4.69B | 9.02 | 24.66% | 7.78% | 0.59% | 8.86% | |
62 Neutral | $3.49B | 6.97 | 40.63% | ― | 6.42% | ― | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
60 Neutral | $5.26B | -36.64 | -2.67% | 0.40% | 15.38% | -292.52% | |
58 Neutral | $4.03B | -0.56 | -59.33% | ― | ― | ― | |
56 Neutral | $4.87B | ― | -0.13% | 0.39% | -22.79% | 79.90% | |
55 Neutral | $7.66B | -967.74 | 267.95% | ― | -4.56% | 23.46% |
* Communication Services Sector Average
LBTYK
Liberty Global C
11.77
0.87
7.98%
LUMN
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3.97
114.41%
PHI
PLDT
20.92
-0.27
-1.28%
TEO
Telecom Argentina
11.49
0.68
6.29%
TDS
Telephone & Data Systems
45.84
9.45
25.98%
VEON
VEON
50.80
9.74
23.72%
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.