Monitor next quarter for sustained rebased revenue growth and margin improvement. The reiterated guidance and strategic progress on VodafoneZiggo acquisition/spin-off support a neutral near-term outlook, but the stock may not react strongly given limited upside surprise.
Price Chart
Executive Summary
Liberty Global reported Q1 2026 revenue of $1.27B, essentially in line with consensus, and swung to net income of $358M from a large loss a year ago. Rebased revenue growth was modest at 2.9%, and all 2026 guidance was maintained, but the EPS figure from the consensus context appears to be for the prior quarter and is not available in this release.
Key Financial Metrics
Key Facts
- Q1 2026 consolidated revenue $1,274.6M, +8.8% reported / +2.9% rebased YoY
- Net income of $358.2M vs -$1,323.3M in Q1 2025, driven by favorable FX and derivative gains
- Adjusted EBITDA $366.5M, +12.9% reported / +1.4% rebased YoY
- All 2026 full-year guidance targets reiterated; VMO2 and VodafoneZiggo guidance confirmed
- Cash and equivalents of $1.9B at quarter end; operating cash flow $107.6M, adjusted FCF -$319.3M
Financial Impact
Revenue in line with ~$1.28B consensus; no EPS figure disclosed to gauge earnings surprise
Risk Factors
- Competitive intensity and subscriber losses in broadband/mobile across European markets
- Foreign exchange volatility, particularly GBP and EUR vs USD
- High leverage and capex requirements for fiber/5G rollouts
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3285888 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 1, 2026 4w ago | Press Release | $10.68 $9.13 | ▼ −14.51% | ▼ −14.18% | $8.92 (−16.48%) |
Jul 28, 2026 9w ago | 8-K | $10.53 $10.78 | ▲ +2.37% | ▼ −2.65% | $8.92 (−15.29%) |
Jul 24, 2026 10w ago | Press Release | $9.69 $10.65 | ▼ −9.91% | ▼ −6.28% | $8.92 (+7.95%) |
Jun 16, 2026 15w ago | 144 | $11.41 $10.73 | ▼ −5.96% | ▼ −7.28% | $8.92 (−21.82%) |
Jun 2, 2026 17w ago | Press Release | $11.74 $11.30 | ▼ −3.75% | ▼ −2.75% | $8.92 (−24.02%) |
Jun 1, 2026 17w ago | Press Release | $12.14 $11.37 | ▼ −6.34% | ▼ −5.04% | $8.92 (−26.52%) |
May 1, 2026 22w ago | Press Release | $11.96 $12.14 | ▲ +1.50% | ▼ −3.78% | $8.92 (−25.42%) |
Mar 24, 2026 27w ago | Press Release | $12.28 $12.11 | ▼ −1.38% | ▼ −9.25% | $8.92 (−27.36%) |
Mar 18, 2026 28w ago | Press Release | $11.87 $12.62 | ▲ +6.32% | ▲ +0.27% | $8.92 (−24.85%) |
Feb 24, 2026 31w ago | 8-K | $12.84 $12.17 | ▼ −5.22% | ▼ −0.23% | $8.92 (−30.53%) |
US Market Status
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