Liberty Global Reports Q3 2026 Results
Key Highlights
- ➤Liberty Global Q3 net earnings $547.7 million, versus $83.4 million loss
- ➤Ziggo Group towers sale agreed for €669 million to reduce VodafoneZiggo leverage
- ➤Ziggo Group spin-off remains on track for Q2 2027
- ➤Virgin Media O2 targets £800 million run-rate cost reductions by 2029
- ➤Liberty Global expects ~$1.8 billion corporate cash and $100 million Q4 buybacks
Expert Statements
Mike Fries, CEO of Liberty Global
“In the third quarter, we made significant progress against our key priorities:”
DENVER, Nov. 03, 2026 (GLOBE NEWSWIRE) -- Liberty Global Ltd. announces its Q3 2026 financial results.
CEO Mike Fries stated, “In the third quarter, we made significant progress against our key priorities: * Ziggo Group spin-off: During Q3, we completed several important milestones to advance the structural formation of Ziggo Group(1) ahead of our planned Q2 2027 spin-off. Most notably, we closed on the purchase of Vodafone's 50% stake in VodafoneZiggo, announced the senior executive management team and engaged external advisors. Operating and financial synergies are being finalized and are currently expected to exceed our previous NPV estimate of €1 billion. We also reached an agreement to sell VodafoneZiggo's mobile towers for €669m (16.2x 2025 EBITDA), with the proceeds to be used for deleveraging at VodafoneZiggo, as part of the wider €1.2-€1.4B Ziggo Group non-core asset disposals target to further reduce leverage. We currently intend to make initial confidential submissions to the SEC and the AFM in December in connection with the proposed spin-off transaction. Meanwhile, both operating businesses in the Netherlands and Belgium reported strong quarterly results.
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