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Liberty Global PLC
NASDAQ:LBTYB

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Liberty Global PLC
NASDAQ:LBTYB
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Price: 12.2 USD
Market Cap: $4.5B

Liberty Global PLC
Investor Relations

Liberty Global is a European telecom company that owns and invests in broadband, pay TV, mobile, and business communications networks. Through its operating businesses and partnerships, it sells internet access, television packages, mobile service, and enterprise connectivity to households and companies in several European markets. Its core role is to own the customer relationships and the network infrastructure that carries those services. The company makes money mainly from monthly subscriptions, equipment, installation, and service fees. Home customers pay for broadband, TV, and mobile bundles, while business customers buy connectivity, managed network services, and other communications tools. Because these services are delivered over fixed networks, Liberty Global’s business depends on building and maintaining the local cable and fiber systems that connect customers to its products. What makes Liberty Global different is that it is not just a content or phone brand; it is a network owner and a service provider. That gives it a strong position in markets where owning the last-mile connection matters, because it can bundle internet, TV, and mobile service under one bill and keep customers tied to its network. Its business model is built around long-term infrastructure, recurring subscriptions, and deep local market relationships.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Jul 24, 2026
AI Summary
Q2 2026

Commercial momentum: Liberty Global said Q2 was a strong commercial quarter, led by VodafoneZiggo’s best consumer broadband performance in 6 years and improving results in Belgium and Ireland.

Guidance held: Management reconfirmed all 2026 guidance for VMO2, VodafoneZiggo, and Telenet, plus corporate adjusted EBITDA.

Cash improved: Year-to-date asset sales and financing added meaningful liquidity, lifting the full-year corporate cash target from $1.5 billion to $2 billion.

Ziggo spin-off: The planned Ziggo Group spin-off remains on track, with Belgian regulatory approval for the Proximus fiber-sharing deal seen as a key milestone and timing moving earlier to mid-'27.

VMO2 pressure: The U.K. business is still facing heavy competition and churn, with management saying the market remains very hot and ARPU pressure may persist if promotions intensify.

AI push: Liberty Global is leaning hard into AI both inside the telecom businesses and through Growth investments, targeting hundreds of millions of annual savings over time, though management said the benefits will build gradually.

Key Financials
Revenue
$22 billion
EBITDA
$8 billion
Corporate costs
nearly 75%
Year-to-date asset sales and financing
$1.2 billion
Corporate cash
$2.4 billion
Corporate cash target
$2 billion
Sunrise value per Liberty share
$12
Ziggo Group value per Liberty share
up to $14
Free cash flow target
EUR 500 million
Leverage target
4.5x
Broadband net adds at VodafoneZiggo
positive in Q2
New postpaid mobile subs at VodafoneZiggo
32,000
Fixed ARPU at VodafoneZiggo
around EUR 56
Mobile ARPU at VodafoneZiggo
EUR 17.60
VodafoneZiggo service revenue guidance
minus 3% to minus 5%
VMO2 fixed network reach
just under 19 million homes
VMO2 5G reach
88%
Virgin Media Ireland fixed ARPU
EUR 61
Proportion of VMO2 customer base reached by personalization engine
65%
Cost containment rate from agentic AI pilots in the Netherlands
75%
AI cost savings potential in customer care
20% to 40%
AI cost savings potential in customer care
as high as 70%
Tech portfolio investment
$700 million
Tech portfolio distributions and exits
around $600 million
Tech portfolio market valuation
$400 million
EdgeConneX total proceeds
$726 million
EdgeConneX invested capital
$177 million
EdgeConneX IRR
roughly 30%
EdgeConneX multiple of money
4x
Growth portfolio fair market value
$2.9 billion
Financing completed year-to-date
$4.1 billion
Refinanced at VodafoneZiggo
$1.3 billion
Wyre financing
$4.35 billion
Earnings Call Recording
Other Earnings Calls

Management

Mr. Michael Thomas Fries
Vice Chairman, President & CEO
No Bio Available
Mr. Charles Henry Rowland Bracken
Executive VP & CFO
No Bio Available
Mr. Enrique Rodriguez
Executive VP & CTO
No Bio Available
Mr. Bryan H. Hall
Executive VP, General Counsel & Secretary
No Bio Available
Mr. Andrea Vincenzo Salvato
Executive VP & Chief Development Officer
No Bio Available
Ms. Severina Pascu
Senior VP of Commercial & Operations
No Bio Available
Mr. Jason R. Waldron
Senior VP & Chief Accounting Officer
No Bio Available
Mr. Veenod Kurup
Chief Information Officer & MD
No Bio Available
Mr. Frederick G. Westerman III
Senior Vice President of Investor Relations & Corporate Responsibility
No Bio Available
Ms. Amy M. Blair
Senior VP & Chief People Officer
No Bio Available

Contacts

Address
MIDDLESEX
Hammersmith
161 Hammersmith Road
Contacts
+442084836300.0
www.libertyglobal.com
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