Liberty Global -C

Q2 FY2026 EarningsFY26 Q2 significantly missed consensus across all key financial metrics, with revenue of $1,172.0M trailing expectations by 12.74%. Operating income of $3.0M was 91.28% below the $34.4M consensus, reflecting margin compression from rising programming costs and competitive pressures in Benelux and Ireland. GAAP net loss per share of -$1.07 was substantially wider than the -$0.10 expected, driven by non-operating FX losses and significant equity-method losses from the VMO2 and VodafoneZiggo joint ventures.