LBTYA · Liberty Global Ltd.
Price & Indicators
Raw chart and full-history price indicators begin at the captured split on Nov 13, 2024; bars on opposite sides are not compared.
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AI Brief
TL;DR.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
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| Adjusted EBITDA non-GAAP | €67.6M | Six months ended June 30, 2026 | — |
| Adjusted EBITDA less P&E Additions non-GAAP | -€4.6M | Six months ended June 30, 2026 | — |
| Adjusted EBITDA less P&E Additions (including ROU assets) non-GAAP | €113.3M | Q2 2026 | — |
| Adjusted FCF non-GAAP | -€42.1M | Six months ended June 30, 2026 | — |
| Blended, fully-swapped cost of debt | 3.8% | Q2 2026 | — |
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| Broadband net adds | 6,100 | Q2 2026 | — |
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| Broadband net losses | 5,000 | Q2 2026 | — |
| Consolidated Adjusted EBITDA non-GAAP | $324.9M | Three months ended June 30, 2026 | — |
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| Consolidated Adjusted EBITDA less P&E Additions non-GAAP | -$77M | Three months ended June 30, 2026 | — |
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| Homes Passed net additions (losses) (QoQ) | -200 | Q2 2026 | — |
| Homes Serviceable net additions (QoQ) | 15,000 | Q2 2026 | — |
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| Liberty Corporate Adjusted EBITDA non-GAAP | -$18M | Three months ended June 30, 2026 | — |
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| Liberty Corporate Adjusted EBITDA less P&E Additions non-GAAP | -$23.8M | Three months ended June 30, 2026 | — |
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| Liberty Global Adjusted FCF non-GAAP | -$150.4M | Three months ended June 30, 2026 | — |
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| Liberty Growth Adjusted EBITDA non-GAAP | -$25.7M | Three months ended June 30, 2026 | — |
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| Liberty Growth Adjusted EBITDA less P&E Additions non-GAAP | -$58.1M | Three months ended June 30, 2026 | — |
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| Organic Broadband net additions (losses) (QoQ) | 7,200 | Q2 2026 | — |
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| Organic Broadband net additions (losses) (YoY) | 40,000 | Three months ended June 30, 2026 | — |
| Organic Broadband net additions (QoQ) | 6,100 | Three months ended June 30, 2026 | — |
| Organic Broadband net losses (QoQ) | -5,000 | Q2 2026 | — |
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| Organic Consumer Broadband net losses (QoQ) | -28,200 | Q2 2026 | — |
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| Organic Consumer Fixed-Line Customer Relationship net losses (QoQ) | -29,900 | Q2 2026 | — |
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| Organic Fixed-Line Customer Relationship net additions (losses) (QoQ) | 1,700 | Q2 2026 | — |
| Organic Postpaid Mobile net additions (losses) (QoQ) | 31,700 | Q2 2026 | — |
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| Organic Postpaid Mobile net losses (QoQ) | -63,000 | Q2 2026 | — |
| Organic Postpaid Mobile net losses (YoY) | -6,000 | Three months ended June 30, 2026 | — |
| P&E Additions non-GAAP | €72.2M | Six months ended June 30, 2026 | — |
| P&E Additions as a % of revenue non-GAAP | 33.8% | Six months ended June 30, 2026 | — |
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| Q2 Monthly ARPU per Consumer Fixed-Line Customer Relationship | £46.56 | Q2 2026 | — |
| Telenet Group Adjusted FCF non-GAAP | -€36.1M | Three months ended June 30, 2026 | — |
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| Telenet Group IFRS Adjusted EBITDA non-GAAP | €347.8M | Three months ended June 30, 2026 | — |
| Telenet Group IFRS Adjusted EBITDA less P&E Additions non-GAAP | €44.2M | Three months ended June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Net profit 29M
+13.8M Income tax expense (benefit)
-2.3M Loss on disposal of assets/liabilities related to a subsidiary or a joint venture
+0M Remeasurement to fair value of pre-existing interest in an acquiree
-1.8M Share of the result of equity accounted investees
+96.7M Net finance expense
+202.6M Depreciation, amortization, impairment and gain on disposal of assets
+4.4M Share-based compensation expense
-0.9M Impairment, restructuring and other operating items, net
+6.3M Related-party fees and allocations
-303.6M P&E Additions
= Telenet Group IFRS Adjusted EBITDA less P&E Additions 44.2M
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| Telenet Group IFRS Adjusted EBITDAaL non-GAAP | €327.7M | Three months ended June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Telenet Group IFRS Adjusted EBITDA 347.8M
-12.3M Depreciation on assets under leases
-7.8M Interest expense on leases
= Telenet Group IFRS Adjusted EBITDAaL 327.7M
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| Total liquidity | €1.32B | As of June 30, 2026 | — |
| Total principal amount of debt and finance leases | $8.4B | Q2 2026 | — |
| Undrawn commitments available | €100M | As of June 30, 2026 (VM Ireland) | — |
| VM Ireland Adjusted FCF non-GAAP | -€0.9M | Three months ended June 30, 2026 | — |
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| Wholesale broadband net adds | 7,200 | Q2 2026 | — |
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| Adjusted EBITDA less Total P&E Additions non-GAAP | £367.9M | three months ended March 31, 2026 | — |
| approximately 80 million fixed and mobile connections | 80M | current | — |
| Average tenor of third-party debt | 4.8 | as of March 31, 2026 | — |
| Blended fully-swapped debt borrowing cost | 5.3% | as of March 31, 2026 | — |
| Consolidated cash balance | $1.9B | Q1 2026 | — |
| Consolidated Liberty Telecom Adjusted EBITDA non-GAAP | $376.6M | Q1 2026 | — |
| Consumer Broadband Subscribers | 5,446,100 | three months ended March 31, 2026 | — |
| Consumer Fixed-Line Customer Relationships | 5,534,500 | three months ended March 31, 2026 | — |
| Distributable Cash Flow non-GAAP | -$319.3M | Three months ended March 31, 2026 | — |
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GAAP → non-GAAP reconciliationGAAP Adjusted FCF -319.3M
+0M Other affiliate dividends
= Distributable Cash Flow -319.3M
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| Fixed ARPU change | -0.2% | Q1 | — |
| Homes Passed net additions (QoQ) | 300 | three months ended March 31, 2026 | — |
| Homes Serviceable | 18,796,600 | three months ended March 31, 2026 | — |
| Organic Consumer Broadband net losses (YoY) | -104,700 | three months ended March 31, 2026 | — |
| Organic Consumer Fixed-Line Customer Relationship net losses (YoY) | -110,000 | three months ended March 31, 2026 | — |
| portfolio of roughly 70 companies and funds | 70 | March 31, 2026 | — |
| portfolio valued | $3.4B | March 31, 2026 | — |
| Postpaid net losses | 9,100 | Q1 | — |
| Q1 Monthly ARPU per Consumer Fixed-Line Customer Relationship | £46.5 | three months ended March 31, 2026 | — |
| Telenet Adjusted EBITDA non-GAAP | $183.9M | Q1 | — |
| Telenet Group Adjusted EBITDA non-GAAP | €322.8M | Three months ended March 31, 2026 | — |
| Telenet Group Consolidated Adjusted EBITDA less P&E Additions non-GAAP | €47.8M | Three months ended March 31, 2026 | — |
| Telenet Group Consolidated Adjusted EBITDAaL non-GAAP | €302.7M | Three months ended March 31, 2026 | — |
| Telet Adjusted EBITDAaL non-GAAP | $183.9M | Q1 2026 | — |
| Total consolidated Adjusted EBITDA non-GAAP | $366.5M | Q1 2026 | — |
| Total P&E Additions including ROU asset additions | £533.8M | three months ended March 31, 2026 | — |
| U.S. GAAP Adjusted EBITDA non-GAAP | €131.9M | Three months ended March 31, 2026 | — |
| U.S. GAAP Adjusted EBITDA less P&E Additions non-GAAP | -€32.8M | Three months ended March 31, 2026 | — |
| U.S. GAAP Adjusted EBITDAaL non-GAAP | €131.6M | Three months ended March 31, 2026 | — |
| U.S. GAAP P&E Additions non-GAAP | €164.7M | Three months ended March 31, 2026 | — |
| Undrawn commitments | £1.02B | as of March 31, 2026 | — |
| VM Ireland Adjusted EBITDA non-GAAP | $38.4M | Q1 | — |
| VM Ireland Organic Broadband Subscribers change | -2,500 | Q1 2026 | — |
| VM Ireland Organic Fixed-Line Customer Relationships change | -3,300 | Q1 2026 | — |
| VM Ireland Organic Postpaid Mobile Subscribers change | 1,800 | Q1 2026 | — |
| VM Ireland Organic Total RGUs change | -11,300 | Q1 2026 | — |
| VMO2 JV Adjusted EBITDA non-GAAP | $1.09B | Q1 2026 | — |
| VMO2 JV Adjusted EBITDA less P&E additions non-GAAP | $482.3M | Q1 2026 | — |
| VMO2 JV Full fiber footprint | 8.7M | Q1 2026 | — |
| VMO2 JV Organic Broadband Subscribers change | -5,300 | Q1 2026 | — |
| VMO2 JV Organic Fixed-Line Customer Relationships change | -6,900 | Q1 2026 | — |
| VMO2 JV Organic Postpaid Mobile Subscribers change | -60,400 | Q1 2026 | — |
| VMO2 JV Organic Total RGUs change | -172,000 | Q1 2026 | — |
| VodafoneZiggo JV Adjusted EBITDA non-GAAP | $482M | Q1 | — |
| VodafoneZiggo JV Adjusted EBITDA less P&E additions non-GAAP | $232M | Q1 | — |
| VodafoneZiggo JV Organic Broadband Subscribers change | -8,500 | Q1 2026 | — |
| VodafoneZiggo JV Organic Fixed-Line Customer Relationships change | -15,100 | Q1 2026 | — |
| VodafoneZiggo JV Organic Postpaid Mobile Subscribers change | 24,700 | Q1 2026 | — |
| VodafoneZiggo JV Organic Total RGUs change | -64,200 | Q1 2026 | — |
| Wyre Adjusted EBITDA non-GAAP | $154.3M | Q1 | — |
| 5G outdoor population coverage (VMO2 JV) | 87% | Q4 2025 | — |
| Adjusted EBITDA - Consolidated Liberty Telecom non-GAAP | $1.48B | FY 2025 | — |
| Adjusted EBITDA - Liberty Services & Corporate non-GAAP | -$129.3M | FY 2025 | — |
| Adjusted EBITDA - Telenet non-GAAP | $1.3B | FY 2025 | — |
| Adjusted EBITDA - VM Ireland non-GAAP | $180.3M | FY 2025 | — |
| Adjusted EBITDA - VMO2 JV non-GAAP | $4.66B | FY 2025 | — |
| Adjusted EBITDA - VodafoneZiggo JV non-GAAP | $1.98B | FY 2025 | — |
| Adjusted EBITDAaL non-GAAP | €1.15B | Year ended December 31, 2025 | — |
| Adjusted FCF from continuing operations non-GAAP | $152.9M | Q4 | — |
| Broadband Subscribers | 354,100 | Q4 FY2025 | — |
| Broadband Subscribers - Telenet | 12,400 | Q4 2025 | — |
| Broadband Subscribers - VM Ireland | -3,400 | Q4 2025 | — |
| Broadband Subscribers - VMO2 JV | -16,700 | Q4 2025 | — |
| Broadband Subscribers - VodafoneZiggo JV | -11,900 | Q4 2025 | — |
| cash distributions to shareholders | €224M | FY2025 | — |
| Converged Households as % of Broadband RGUs | 9.5% | Q4 FY2025 | — |
| Corporate cash position | $2.2B | FY 2025 | — |
| Distributable Cash Flow from continuing operations non-GAAP | $161.9M | Q4 | — |
| Fixed ARPU | 0.7% | Q4 | — |
| Fixed ARPU change - VodafoneZiggo JV | 1% | Q4 2025 | — |
| Fixed-Line Customer Relationships | 380,400 | Q4 FY2025 | — |
| Fixed-Line Customer Relationships - Telenet | -4,600 | Q4 2025 | — |
| Fixed-Line Customer Relationships - VM Ireland | -4,200 | Q4 2025 | — |
| Fixed-Line Customer Relationships - VMO2 JV | -18,500 | Q4 2025 | — |
| Fixed-Line Customer Relationships - VodafoneZiggo JV | -16,800 | Q4 2025 | — |
| FMV | $3.4B | FY 2025 | — |
| Full fiber footprint (VMO2 JV) | 8.3M | Q4 2025 | — |
| Homes Passed | 1,014,300 | Q4 FY2025 | — |
| Organic Broadband net losses (YoY) | -9,100 | Q4 FY2025 | — |
| Organic Fixed-Line Customer Relationship net losses (QoQ) | -4,200 | Q4 FY2025 | — |
| Organic Fixed-Line Customer Relationship net losses (YoY) | -12,900 | Q4 FY2025 | — |
| Organic Homes Passed net additions (QoQ) | 7,100 | Q4 FY2025 | — |
| Organic Homes Passed net additions (YoY) | 16,400 | Q4 FY2025 | — |
| Organic Postpaid Mobile net additions (losses) (YoY) | 9,200 | Q4 FY2025 | — |
| P&E additions as a percent of revenue | 21.9% | FY2025 | — |
| P&E additions as a percentage of revenue | 38.3% | FY2025 | — |
| Postpaid customer base net adds | 1,500 | Q4 | — |
| Postpaid Mobile Subscribers | 145,900 | Q4 FY2025 | — |
| Postpaid Mobile Subscribers - Telenet | 2,900 | Q4 2025 | — |
| Postpaid Mobile Subscribers - VM Ireland | 1,500 | Q4 2025 | — |
| Postpaid Mobile Subscribers - VMO2 JV | -164,800 | Q4 2025 | — |
| Postpaid Mobile Subscribers - VodafoneZiggo JV | 9,900 | Q4 2025 | — |
| Property and equipment additions | $340.2M | Q4 | — |
| Refinancings | $15B | FY 2025 | — |
| Telenet Adjusted EBITDAaL non-GAAP | $305.1M | Q4 2025 | — |
| Telenet IFRS Adjusted EBITDA non-GAAP | €316.2M | Three months ended December 31, 2025 | — |
| Telenet IFRS Adjusted EBITDA less P&E Additions non-GAAP | -€10.7M | Three months ended December 31, 2025 | — |
| Telenet IFRS Adjusted EBITDAaL non-GAAP | €296.1M | Three months ended December 31, 2025 | — |
| Telenet IFRS P&E Additions non-GAAP | €326.9M | Three months ended December 31, 2025 | — |
| Telenet U.S. GAAP Adjusted EBITDA non-GAAP | €262.6M | Three months ended December 31, 2025 | — |
| Telenet U.S. GAAP Adjusted EBITDA less P&E Additions non-GAAP | -€29.6M | Three months ended December 31, 2025 | — |
| Telenet U.S. GAAP Adjusted EBITDAaL non-GAAP | €262.3M | Three months ended December 31, 2025 | — |
| Telenet U.S. GAAP P&E Additions non-GAAP | €292.2M | Three months ended December 31, 2025 | — |
| Total gigabit footprint (VMO2 JV) | 18.8M | Q4 2025 | — |
| Total RGUs - Telenet | -22,300 | Q4 2025 | — |
| Total RGUs - VM Ireland | -11,100 | Q4 2025 | — |
| Total RGUs - VMO2 JV | -174,000 | Q4 2025 | — |
| Total RGUs - VodafoneZiggo JV | -75,600 | Q4 2025 | — |
| VMO2 Adjusted EBITDA (IFRS) non-GAAP | £965.4M | Q4 2025 | — |
| VMO2 Adjusted EBITDA less P&E additions non-GAAP | $459.6M | Q4 2025 | — |
| VMO2 cash distributions to shareholders (IFRS) non-GAAP | £378M | FY 2025 | — |
| VMO2 IFRS Adjusted EBITDA non-GAAP | £965.4M | Three months ended December 31, 2025 | — |
| VMO2 IFRS Adjusted EBITDA less P&E Additions non-GAAP | £391.5M | Three months ended December 31, 2025 | — |
| VMO2 IFRS Adjusted FCF non-GAAP | £750.4M | Three months ended December 31, 2025 | — |
| VMO2 IFRS P&E Additions non-GAAP | £573.9M | Three months ended December 31, 2025 | — |
| VMO2 Property and equipment additions | $707.2M | Q4 2025 | — |
| VMO2 U.S. GAAP Adjusted EBITDA non-GAAP | £877.4M | Three months ended December 31, 2025 | — |
| VMO2 U.S. GAAP Adjusted EBITDA less P&E Additions non-GAAP | £345.2M | Three months ended December 31, 2025 | — |
| VMO2 U.S. GAAP Adjusted FCF non-GAAP | £789.1M | Three months ended December 31, 2025 | — |
| VMO2 U.S. GAAP P&E Additions non-GAAP | £532.2M | Three months ended December 31, 2025 | — |
| VodafoneZiggo Adjusted FCF non-GAAP | €128.8M | Three months ended December 31, 2025 | — |
| VodafoneZiggo Adjusted Free Cash Flow non-GAAP | €224M | FY 2025 | — |
| VodafoneZiggo cash distributions to shareholders non-GAAP | €224M | FY 2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Telecom Services — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
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LBTYA
this stock
Liberty Global Ltd.
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$3.60B | -4.2% | -3.5% | — | 3.2% |
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VZ
Verizon Communications Inc
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$208.15B | +23.0% | +2.5% | 13.0 | 1.8% |
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TMUS
T-Mobile US, Inc.
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$194.55B | -10.7% | +8.3% | 19.0 | 1.6% |
|
SFTBF
Softbank Group Corp.
|
$181.80B | +11.7% | — | — | 0.3% |
|
T
At&T Inc.
|
$177.79B | +4.7% | +2.7% | 8.6 | 1.7% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
Raw-price comparisons begin at the captured split on Nov 13, 2024; windows that need an earlier baseline remain unavailable.
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| LBTYA | +0.2% | +0.6% | -15.1% | +0.6% | -4.2% |
| SPY | +0.5% | +3.0% | +13.4% | +3.0% | +12.8% |
| vs SPY | -0.3% | -2.4% | -28.6% | -2.4% | -17.0% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.