<span item_type="fundamental" item_id="8cdc76728ecd4b1edaf028290e73277f" counter_id="ST/US/LBTYA" env="prod"></span><span item_type="announcement" item_id="643777811181802881" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 1.275 B.</p><p>EPS: As of FY2026 Q1, the actual value is USD 0.96.</p><p>EBIT: As of FY2026 Q1, the actual value is USD 137.5 M.</p><p></p><h3>Consolidated Operations</h3><h4>Revenue</h4><p>Total consolidated revenue for Liberty Global Ltd. increased by $103.4 million (8.8%) to $1,274.6 million for the three months ended March 31, 2026, compared to $1,171.2 million in 2025, including a -$57.7 million decrease attributable to dispositions, with an organic increase of $29.1 million (2.9%).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1570585/000157058526000069/lbtya-20260331.htm"></span> Residential Fixed Subscription Revenue organically decreased by -$10.7 million (-2.6%).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1570585/000157058526000069/lbtya-20260331.htm"></span> Residential Fixed Non-Subscription Revenue organically increased by $2.2 million (43.1%).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1570585/000157058526000069/lbtya-20260331.htm"></span> Residential Mobile Subscription Revenue organically decreased by -$0.2 million (-0.2%).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1570585/000157058526000069/lbtya-20260331.htm"></span> Residential Mobile Non-Subscription Revenue organically increased by $2.4 million (6.6%).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1570585/000157058526000069/lbtya-20260331.htm"></span> B2B Subscription Revenue organically decreased by -$1.3 million (-1.3%).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1570585/000157058526000069/lbtya-20260331.htm"></span> B2B Non-Subscription Revenue organically increased by $4.0 million (3.8%).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1570585/000157058526000069/lbtya-20260331.htm"></span> Other Revenue organically increased by $32.7 million (8.2%).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1570585/000157058526000069/lbtya-20260331.htm"></span></p><h4>Operating Costs and Expenses</h4><ul><li>Programming and other direct costs of services increased by $23.2 million (5.8%) to $426.6 million for the three months ended March 31, 2026, from $403.4 million in 2025, with an organic increase of $26.0 million (7.3%).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1570585/000157058526000069/lbtya-20260331.htm"></span></li><li>Other operating expenses increased by $28.8 million (15.1%) to $220.0 million for the three months ended March 31, 2026, from $191.2 million in 2025, with an organic increase of $28.0 million (14.6%).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1570585/000157058526000069/lbtya-20260331.htm"></span></li><li>Selling, general and administrative (SG&amp;A) expenses increased by $13.2 million (4.6%) to $298.6 million for the three months ended March 31, 2026, from $285.4 million in 2025, with an organic increase of $12.3 million (4.3%).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1570585/000157058526000069/lbtya-20260331.htm"></span></li><li>Depreciation and amortization increased by $32.6 million (14.0%) to $264.8 million for the three months ended March 31, 2026, from $232.2 million in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1570585/000157058526000069/lbtya-20260331.htm"></span></li><li>Impairment, restructuring and other operating items, net, increased to $40.8 million for the three months ended March 31, 2026, from -$1.7 million in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1570585/000157058526000069/lbtya-20260331.htm"></span></li></ul><h4>Operating Income</h4><p>Operating income decreased to $23.8 million for the three months ended March 31, 2026, from $60.7 million in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1570585/000157058526000069/lbtya-20260331.htm"></span></p><h4>Net Earnings (Loss) Attributable to Liberty Global Shareholders</h4><p>Net earnings attributable to Liberty Global shareholders were $337.8 million for the three months ended March 31, 2026, a significant improvement from the net loss of -$1,337.3 million in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1570585/000157058526000069/lbtya-20260331.htm"></span></p><h4>Cash Flow</h4><ul><li>Net cash provided by operating activities decreased to $107.6 million for the three months ended March 31, 2026, from $129.2 million in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1570585/000157058526000069/lbtya-20260331.htm"></span></li><li>Capital expenditures, net, increased to -$397.6 million for the three months ended March 31, 2026, from -$243.3 million in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1570585/000157058526000069/lbtya-20260331.htm"></span></li><li>Net cash used by investing activities switched to -$223.0 million for the three months ended March 31, 2026, from $52.5 million provided in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1570585/000157058526000069/lbtya-20260331.htm"></span></li><li>Net cash used by financing activities increased to -$114.0 million for the three months ended March 31, 2026, from -$66.2 million in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1570585/000157058526000069/lbtya-20260331.htm"></span></li></ul><h3>Segment-Specific Metrics</h3><h4>Telenet</h4><ul><li>Revenue increased by $16.2 million (2.2%) to $759.4 million for the three months ended March 31, 2026, from $743.2 million in 2025, with an organic decrease of -$2.5 million (-0.4%).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1570585/000157058526000069/lbtya-20260331.htm"></span></li><li>Adjusted EBITDA increased by $28.1 million (18.0%) to $183.9 million, from $155.8 million in 2025, with an organic increase of $13.4 million (8.8%).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1570585/000157058526000069/lbtya-20260331.htm"></span></li><li>Adjusted EBITDA Margin increased to 24.2% in 2026 from 21.0% in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1570585/000157058526000069/lbtya-20260331.htm"></span></li><li>Property and Equipment Additions were $108.1 million in 2026, down from $130.9 million in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1570585/000157058526000069/lbtya-20260331.htm"></span></li></ul><h4>Wyre</h4><ul><li>Revenue increased by $18.1 million (10.0%) to $198.9 million for the three months ended March 31, 2026, from $180.8 million in 2025, with an organic decrease of -$1.9 million (-1.0%).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1570585/000157058526000069/lbtya-20260331.htm"></span></li><li>Adjusted EBITDA increased by $8.5 million (5.8%) to $154.3 million, from $145.8 million in 2025, with an organic decrease of -$6.7 million (-4.6%).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1570585/000157058526000069/lbtya-20260331.htm"></span></li><li>Adjusted EBITDA Margin decreased to 77.6% in 2026 from 80.6% in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1570585/000157058526000069/lbtya-20260331.htm"></span></li><li>Property and Equipment Additions were $192.6 million in 2026, up from $115.8 million in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1570585/000157058526000069/lbtya-20260331.htm"></span></li></ul><h4>VM Ireland</h4><ul><li>Revenue increased by $11.2 million (9.7%) to $127.0 million for the three months ended March 31, 2026, from $115.8 million in 2025, with an organic decrease of -$1.6 million (-1.4%).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1570585/000157058526000069/lbtya-20260331.htm"></span></li><li>Adjusted EBITDA increased by $1.2 million (3.2%) to $38.4 million, from $37.2 million in 2025, with an organic decrease of -$2.6 million (-7.1%).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1570585/000157058526000069/lbtya-20260331.htm"></span></li><li>Adjusted EBITDA Margin decreased to 30.2% in 2026 from 32.1% in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1570585/000157058526000069/lbtya-20260331.htm"></span></li><li>Property and Equipment Additions were $45.6 million in 2026, up from $42.9 million in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1570585/000157058526000069/lbtya-20260331.htm"></span></li></ul><h4>VMO2 JV (Nonconsolidated)</h4><ul><li>Revenue increased by $96.1 million (3.1%) to $3,222.4 million for the three months ended March 31, 2026, from $3,126.3 million in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1570585/000157058526000069/lbtya-20260331.htm"></span></li><li>Adjusted EBITDA increased by $18.4 million (1.7%) to $1,091.8 million, from $1,073.4 million in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1570585/000157058526000069/lbtya-20260331.htm"></span></li><li>Adjusted EBITDA Margin decreased to 33.9% in 2026 from 34.3% in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1570585/000157058526000069/lbtya-20260331.htm"></span></li><li>Property and Equipment Additions were $609.5 million in 2026, up from $594.2 million in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1570585/000157058526000069/lbtya-20260331.htm"></span></li><li>Net Loss decreased to -$27.6 million in 2026 from -$165.8 million in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1570585/000157058526000069/lbtya-20260331.htm"></span></li></ul><h4>VodafoneZiggo JV (Nonconsolidated)</h4><ul><li>Revenue increased by $96.5 million (9.2%) to $1,148.5 million for the three months ended March 31, 2026, from $1,052.0 million in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1570585/000157058526000069/lbtya-20260331.htm"></span></li><li>Adjusted EBITDA increased by $18.9 million (4.1%) to $482.0 million, from $463.1 million in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1570585/000157058526000069/lbtya-20260331.htm"></span></li><li>Adjusted EBITDA Margin decreased to 42.0% in 2026 from 44.0% in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1570585/000157058526000069/lbtya-20260331.htm"></span></li><li>Property and Equipment Additions were $250.0 million in 2026, up from $206.9 million in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1570585/000157058526000069/lbtya-20260331.htm"></span></li><li>Net Loss decreased to -$16.7 million in 2026 from -$70.5 million in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1570585/000157058526000069/lbtya-20260331.htm"></span></li></ul><h3>Outlook and Strategy</h3><p>Liberty Global Ltd. is evaluating new accounting standards but does not foresee a significant impact on its consolidated financial statements.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1570585/000157058526000069/lbtya-20260331.htm"></span> The company anticipates ongoing competition, macroeconomic pressures, and regulatory factors to influence its markets, potentially affecting revenue, customer numbers, and average revenue per user (ARPU).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1570585/000157058526000069/lbtya-20260331.htm"></span> Furthermore, Liberty Global Ltd. completed the sale of UPC Slovakia in April 2026 and expects the acquisition of Vodafone’s 50% interest in VodafoneZiggo JV to close in the second half of 2026, pending regulatory approvals.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1570585/000157058526000069/lbtya-20260331.htm"></span></p>

Liberty Global | 10-Q: FY2026 Q1 Revenue: USD 1.275 B