Liberty Global Returns to Profitability in Q1, Confirms 2026 Outlook

Liberty Global Ltd. (LBTYA) has posted a return to profitability in its first-quarter financial results, reporting a consolidated net income of $358.2 million. This marks a sharp recovery from the $1.32 billion loss recorded during the same period last year. The results highlight a recovery in the company's bottom line, supported by growth in both total revenue and adjusted EBITDA. CEO Mike Fries attributed the results to encouraging commercial performance, which provided the confidence to reiterate the company's full-year 2026 guidance targets. Total consolidated revenue rose to $1.28 billion, up from $1.17 billion in the prior year. The Liberty Telecom segment specifically saw revenue increase to $1.09 billion from $1.04 billion. Adjusted EBITDA for the consolidated group grew to $366.5 million, compared to $324.6 million previously. Despite the net income gain, the company reported a loss of $24.2 million in consolidated adjusted EBITDA less P&E additions, a decline from the $39.0 million profit seen in the prior year. Following the announcement, shares of Liberty Global traded up 0.95% to $11.69 in pre-market activity on the Nasdaq.