Liberty Global Ltd (LBTYB) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Liberty Global published the results on November 3, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison.

• Liberty Global completed the purchase of Vodafone's 50% interest in VodafoneZiggo on July 31, 2026 and has consolidated 100% of VodafoneZiggo since then. Q3 2026 revenue includes two months of VodafoneZiggo; the year-ago quarter includes none.
• Liberty Global has three listed share classes (LBTYA, LBTYB, LBTYK) with one set of results; EPS is per share across all classes.
• Q3 2026 net earnings include a $652.3 million income tax benefit, mostly the $709.3 million release of valuation allowances in the Netherlands, and a $121.6 million gain on the previously held VodafoneZiggo interest.

Source: Liberty Global Q3 2026 results, November 3, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Liberty Global splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Liberty Global's Residential revenue revenue was $1.1 billion in Q3 2026, up 83% from $624 million in Q3 2025, 60% of total revenue.
• Liberty Global's B2B revenue revenue was $441 million in Q3 2026, up 89% from $233 million in Q3 2025, 23% of total revenue.
• Liberty Global's Other revenue revenue was $336 million in Q3 2026, down 4% from $349 million in Q3 2025, 17% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

Liberty Global gives no consolidated revenue or EPS outlook. Its release confirms full-year guidance for each operating company; the quotes are, in order, VodafoneZiggo (U.S. GAAP), Telenet (IFRS, excluding Wyre) and the Virgin Media O2 joint venture (IFRS).

In its Q3 2026 release, Liberty Global said:

“Revenue: Stable to low-single digit decline”

“Revenue growth: Stable”

“Revenue: Total service revenue decline of 3 to 5% year-over-year, adjusted for the Daisy Transaction”

Source: Liberty Global Q3 2026 release, Nov 3, 2026.

This is the company's own guidance as of Nov 3, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the LBTYB forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP consolidated revenue and diluted EPS attributable to Liberty Global shareholders, each as first reported. Liberty Global's releases print no EPS, so EPS comes from each quarter's 10-Q; there is no Q4 10-Q, so Q4 2025 EPS is left blank. Q4 2025 revenue ($1,231.1 million) is printed in the Q4 release and equals the 10-K full year less nine months.

We do not hold a confirmed date for Liberty Global's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 3, 2026

Liberty Global's consolidated revenue rose to $1,920.6 million in Q3 2026 from $1,207.1 million, an increase of $713.5 million, or 59.1%, almost all of it from consolidating VodafoneZiggo after Liberty Global bought Vodafone's 50% stake on July 31, 2026. On an organic basis, excluding acquisitions and currency, revenue rose $6.7 million, or 0.6%. (Liberty Global Form 10-Q, Q3 2026, Nov 3, 2026)

By category, residential revenue was $1,144.1 million: $785.2 million fixed (broadband internet $390.7 million, video $326.9 million, fixed-line telephony $55.3 million) and $358.9 million mobile. B2B revenue was $441.0 million. Other revenue of $335.5 million includes services Liberty Global provides to its joint ventures, Formula E and sales of customer equipment to the VMO2 JV. (Liberty Global Form 10-Q, Q3 2026, Nov 3, 2026)

Liberty Global's operating businesses are Ziggo Group (VodafoneZiggo in the Netherlands and Telenet in Belgium), Wyre, an independent infrastructure company in Belgium that earns revenue mainly by providing wholesale access to its network, and Virgin Media Ireland. Ziggo Group revenue, which counts 100% of VodafoneZiggo for the whole period, was $1,906.5 million, down 1.9% reported and up 1.4% rebased; Liberty Global said VodafoneZiggo returned to revenue growth on price indexation and handset sales. Wyre had $193.8 million and VM Ireland $118.6 million. (Liberty Global Q3 2026 release, Nov 3, 2026; Liberty Global Form 10-Q, Q3 2026, Nov 3, 2026)

Virgin Media O2 in the UK is a 50% joint venture that Liberty Global does not consolidate, so its revenue of $3,262.7 million, down 5.0%, is not in the $1,920.6 million total; Liberty Global's share of its results sits in share of results of affiliates. VMO2 announced a plan for £800 million of run-rate cost reductions by 2029. (Liberty Global Q3 2026 release, Nov 3, 2026; Liberty Global Form 10-Q, Q3 2026, Nov 3, 2026)

Liberty Global reports GAAP EPS only, in its 10-Q; the release carries no per-share figure or adjusted EPS. Q3 2026 diluted EPS was $1.32, against $(0.27), on net earnings attributable to shareholders of $457.9 million, against a loss of $90.7 million. (Liberty Global Form 10-Q, Q3 2026, Nov 3, 2026)

Two one-offs drove the quarter. Liberty Global recorded an income tax benefit of $652.3 million, mainly from releasing $709.3 million of valuation allowances in the Netherlands, and a $121.6 million gain on its previously held interest in VodafoneZiggo. Against those, share of results of affiliates, mostly the VMO2 JV, was a loss of $191.2 million, and Liberty Global booked $59.6 million of net foreign currency transaction losses. (Liberty Global Form 10-Q, Q3 2026, Nov 3, 2026)

Diluted weighted average shares were 347,118,500, against 339,726,508. Liberty Global used its $100.0 million July 2026 buyback authorization in full over the first nine months, buying 6,328,325 Class A and 3,281,316 Class C shares, and in October 2026 its board authorized up to another $100.0 million. (Liberty Global Form 10-Q, Q3 2026, Nov 3, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Liberty Global does not give a consolidated revenue or EPS outlook. Its Q3 2026 release confirmed full-year guidance for each operating company: VodafoneZiggo revenue stable to a low-single digit decline, Telenet revenue stable, and for VMO2 a total service revenue decline of 3 to 5%, adjusted for the Daisy Transaction. Liberty Global said it expects to end 2026 with about $1.8 billion of corporate cash after a further $100 million of buybacks in Q4. (Liberty Global Q3 2026 release, Nov 3, 2026)

Liberty Global plans to spin off Ziggo Group in Q2 2027 and intends to make initial confidential submissions to the SEC and the AFM in December. VodafoneZiggo agreed to sell its mobile towers for €669 million, part of a €1.2 billion to €1.4 billion non-core disposals target. (Liberty Global Q3 2026 release, Nov 3, 2026)

A consensus figure is the average of the models published by the analysts who cover Liberty Global, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Liberty Global's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning LBTYB is on is LBTYB a buy or a sell?, what analysts expect next is on the LBTYB forecast, and what the company does is on the Liberty Global Ltd (LBTYB) stock page.

Every number on this page can be traced to a document Liberty Global published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.