Liberty Global plc (LBTYB) Earnings
Liberty Global plc is expected to report next earnings on July 24, 2026 (in NaN days), with a consensus EPS estimate of $-0.48. LBTYB has beaten EPS estimates in 6 of its last 12 reported quarters (average surprise -1004.9% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 1, 2026 | $-0.35 | $0.96 | +372.0% | $1.3B | -0.8% |
| Feb 18, 2026 | $-0.31 | $-8.60 | -2670.6% | $1.2B | +0.1% |
| Oct 30, 2025 | $-0.43 | $-0.27 | +37.1% | $1.2B | -1.1% |
| Aug 1, 2025 | $-0.44 | $-8.09 | -1758.2% | $1.3B | +4.1% |
| May 2, 2025 | $-0.71 | $-3.84 | -437.8% | $1.2B | +6.5% |
| Feb 18, 2025 | $-0.51 | $6.33 | +1340.7% | $-1.4B | -188.2% |
| Jul 25, 2024 | $-0.41 | $0.71 | +271.3% | $1.9B | +0.0% |
| May 1, 2024 | $-0.32 | $1.32 | +508.8% | $1.9B | +3.8% |
| Feb 15, 2024 | $-0.10 | $-8.23 | -7781.6% | $1.9B | +2.7% |
| Jul 24, 2023 | $-0.08 | $-1.13 | -1330.9% | $1.8B | +0.1% |
| Feb 22, 2023 | $-0.04 | $-10.20 | -23225.1% | $1.8B | +3.2% |
| Nov 1, 2022 | $0.10 | $4.87 | +4683.9% | $1.7B | +1.5% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q3 FY2025 · October 30, 2025
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
• John Malone stepping off Board to Chairman Emeritus role. • Key highlights of Q3 results including sequential broadband net add improvement, Liberty Growth portfolio details. • Operating companies implementing commercial initiatives and network improvements: U.K. with new bundles and 5G rollout; Dutch market reversing broadband trend; Belgium's Telenet with multi-brand strategy; Ireland's Virgin Media with fiber offers. • Liberty Growth portfolio components and performance of Edgeconnex and AtlasEdge data centers.
Guidance
• Updating Virgin Media O2 revenue guidance, confirming growth in consumer and wholesale revenues, reviewing Daisy impact. • Improving Liberty Global Services and Corporate adjusted EBITDA guide to $150 million in 2025, expecting corporate adjusted EBITDA to halve to ~$100 million annually from 2026.
Segment performance
Liberty Telecom: Strong third quarter with sequential improvement in broadband net adds across all 4 markets. Refinanced over $9 billion of 2028 maturities. Liberty Growth: Portfolio value $3.4 billion, with 45% in premium media, sports and live events, 40% in digital infrastructure, and balance in tech portfolio. Liberty Services and Corporate: Undertook reshaping exercises to drive cost efficiencies, reduced Liberty Corporate headcount by ~40%, expected $100 million annualized cost savings. Virgin Media O2: Revenue decline 1% (excluding Daisy impact), adjusted EBITDA grew 2.7%. VodafoneZiggo: Revenue decline 4%, adjusted EBITDA impacted by revenue declines. Telenet: Revenue and adjusted EBITDA growth impacted by prior year deferred revenue benefit and sports rights decision.
Analyst Q&A
Q: Congrats Mike, on the new role. Maybe a question on U.K. fiber, buy versus build, cost.
A: Mike and Lutz discussed U.K. fiber upgrade, market competitiveness, and open-mindedness to consolidation opportunities.
Q: Question about Dutch market broadband, competitive dynamics, ARPU.
A: Stephen van Rooyen talked about stabilizing broadband adds, mobile position, and focusing on plan to reduce broadband losses.
Q: Question on U.K. market competitiveness, ARPU, B2B.
A: Lutz Schüler discussed broadband market competition and ARPU, Charlie Bracken addressed B2B growth and O2 Daisy acquisition impact.
Q: Question on central costs and valuation.
A: Charles Bracken talked about cost savings, payback period, and EBITDA multiple valuation.
Q: Question on why Benelux markets first.
A: Michael Fries explained Benelux market rationality, balance sheet work, and progress in executing Sunrise-type framework.
Q: Question on U.K. guidance and Telefonica.
A: Michael Fries and Charles Bracken clarified guidance and alignment with Telefonica, discussed O2 Daisy and financials.
Q: Question on refinancing currency and rates.
A: Charles Bracken confirmed currencies matched and fixed rate swaps maintained.
Q: Question on Virgin Media leverage.
A: Michael Fries and Charles Bracken talked about leverage objectives and organic EBITDA growth.
Q: Question on political implications.
A: Michael Fries discussed positive industry reception, growth-minded regulation in U.K., and green shoots in markets.