
Quarterly ResultJul 24, 2026, 08:21 AM
Liberty Global Q2 Revenue $1.17B, Net Loss $(357.8)M; Spin-off Progress
AI Summary
Liberty Global reported Q2 2026 consolidated revenue of $1.17 billion, a 7.7% decrease year-over-year, and a net loss of $(357.8) million, a significant improvement from the prior year's loss. The company made substantial progress towards the planned Ziggo Group spin-off in 2027, including management announcements and regulatory approvals for fiber sharing. Year-to-date asset monetizations totaled approximately $1.2 billion, leading to an upgraded year-end corporate cash target of $2.0 billion. Operational highlights included positive broadband net adds for VodafoneZiggo and Telenet, and Virgin Media O2 reaching 9 million full-fiber premises.
Key Highlights
- Ziggo Group spin-off planned for as early as mid-2027.
- Year-to-date asset monetizations reached ~$1.2 billion.
- Upgraded year-end corporate cash target to ~$2.0 billion.
- Q2 Consolidated Revenue: $1,172.0 million, down 7.7% YoY.
- Q2 Consolidated Net Loss: $(357.8) million, an 87.1% improvement YoY.
- VMO2 JV Q2 Revenue: $3,220.3 million, down 4.5% YoY.
- VodafoneZiggo JV Q2 Revenue: $1,133.7 million, up 0.9% YoY.
- VMO2 reached 9 million full-fiber premises.
Price Impact
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