| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 1.2K | 4.9% | 37.6% |
| Total Income | 1.2K | 4.9% | 37.6% |
| Expenditure | 1.2K | 2.0% | 33.7% |
| PBT | -130.30 | 95.3% | 90.8% |
| Net Profit | -90.70 | 96.8% | 93.7% |
| OPM | -0.66% | 2.99pp | 5.90pp |
| NPM | -7.51% | 66.59pp | |
| EPS | -0.27 | 96.7% | 93.2% |
Liberty Global Reports Q3 2025 Financial Results
04 May 2026 · 4 May, 8:28 am
Summary
Liberty Global Ltd. announced its Q3 2025 financial results, highlighting progress across its strategic initiatives. Despite competitive environments in the Telecom markets, operations showed commercial progress. Liberty Growth saw record fan engagement and TV viewership at Formula E, while data center assets continued to appreciate. The company implemented an extensive program to reshape its operating model, driving cost efficiencies and resulting in a more agile platform. Liberty Global anticipates that its 2026 negative Adj. EBITDA will be ~$100 million, a 50% reduction from its run-rate going into 2025.
Key Highlights
- 1
Liberty Global's telco operations in the UK, Netherlands, and Ireland delivered improved net adds across both broadband and postpaid commercial results in Q3.
- 2
Formula E concluded a record growth year, with a double-digit increase in the global fanbase year-over-year and 17% growth in cumulative TV-viewership to 561 million.
- 3
Liberty Global implemented a significant reshaping of its corporate operating model in Q3, driving a material improvement in its projected Adj. EBITDA outlook.
- 4
The company anticipates that its 2026 negative Adj. EBITDA will be ~$100 million, a 50% reduction from its run-rate going into 2025.
- 5
VMO2 successfully launched giffgaff broadband, underpinning its multi-brand approach in fixed alongside a similar strategy in mobile.
- 6
VodafoneZiggo's new strategic plan helped deliver its best quarterly broadband performance in over two years, launching a 2 Gbps offering reaching nearly 7 million homes by year-end.
- 7
Telenet secured an underwritten €4.35B financing for Wyre, fully funding the fiber build-out and reducing Telenet servco leverage.
Management Comments
Mike Fries
In the third quarter, we continued to execute against our key strategic initiatives. Despite challenging competitive environments across our Telecom markets, our operations each showed signs of commercial progress. Liberty Growth saw the conclusion of an outstanding Season 11 at Formula E, with fan engagement and TV viewership at record levels, while our data center assets continued to appreciate during the quarter. At Liberty Services & Corporate, we implemented an extensive program to reshape our operating model, driving cost efficiencies and resulting in a more agile platform going forward with Liberty Blume and Liberty Tech well-positioned to create value. An unwavering focus on fostering, crystallizing and delivering value to shareholders remains our top priority. Mike Fries, Liberty Global’s Chief Executive Officer and Vice Chairman, has been elected by the Board to succeed Dr. Malone as Chairman. Mr. Fries has served as CEO since the Company’s formation in 2005 and will continue in his role as CEO going forward.
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