earnings
confidence high
sentiment negative
materiality 0.80
Liberty Global Q2 net loss $2.77B; Adj. EBITDA +12.7% to $335M; plans spin-off in 12-24 months
Liberty Global Ltd.
2025-Q2 EPS
reported -$11.91
vs consensus -$0.39
▼ miss
(-2942.9%)
- Net loss from continuing ops $2.77B vs profit $324.1M in Q2 2024; revenue $1.27B (+20% reported, +1.8% rebased).
- VMO2 JV revenue $3.37B (-0.1% reported, -5.5% rebased); Adj. EBITDA $1.17B (+3.5% reported, -2.1% rebased).
- CEO targeting one or more spin-offs/tracking stocks/IPOs in next 12-24 months to unlock conglomerate discount.
- Guidance: Telenet Adj. EBITDAaL outlook raised to low-single digit decline; Liberty Services & Corporate Adj. EBITDA improved to ~ -$175M.
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