secwatch.observer — SEC 8-K summary
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Issuer:     Liberty Global Ltd. (LBTYA)
CIK:        0001570585
Form:       8-K
Filed at:   2026-02-18T23:59:59+00:00
Accession:  0001570585-26-000015
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Liberty Global reports Q4 net loss of $2.9B; guides 2026 revenue declines at VMO2 and VodafoneZiggo
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- Net loss from continuing ops of $2,916M in Q4 vs prior-year income of $2,334M; FY loss $7,097M.
- Total Q4 revenue $1,231M, up 9.6% reported but down 0.5% rebased; Adj. EBITDA $278.6M, up 12.4% reported, down 0.9% rebased.
- VMO2 JV 2026 guidance: service revenue decline 3-5%, Adj. EBITDA decline 3-5%; Q4 Adj. EBITDA $1,166.8M, flat rebased.
- VodafoneZiggo JV 2026 guidance: stable to low-single digit revenue decline, mid-high single digit Adj. EBITDA decline; Q4 Adj. EBITDA $495.7M.
- Telenet 2026 guidance: stable revenue, low-single digit Adj. EBITDAaL growth; Q4 Adj. EBITDA $305.4M, down 9.9% rebased.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1570585/000157058526000015/0001570585-26-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1570585/000157058526000015/lbtya-20260218.htm
  HTML page:      https://secwatch.observer/filing/0001570585-26-000015

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