Liberty Global Reports Q1 2026 Results

About this update from Liberty Global Ltd.

Executing value unlock strategy as commercial momentum builds across all markets DENVER, May 01, 2026 (GLOBE NEWSWIRE) -- Liberty Global Ltd. announces its Q1 2026 financial results. CEO Mike Fries stated, “In the first quarter, we made continued progress against our operational and strategic goals while remaining fully focused on unlocking and crystallizing value for shareholders. We are on track with our Ziggo Group plans, including the acquisition of Vodafone's 50% stake in VodafoneZiggo which should close in July and the building blocks required to spin-off our interest to shareholders in H2 2027. After an encouraging commercial performance in Q1, we are reiterating all 2026 full-year guidance targets. We ended the first quarter with a consolidated cash balance of $1.9 billion14, reflecting disciplined capital allocation and further non-core asset disposals, as we rotate capital into higher growth investments and strategic transactions." For more information, including the bond update by credit silo, please see our full release here: https://www.libertyglobal.com/wp-content/uploads/2026/05/LG-Q1-2026-Press-Release.pdf Key Summary of Operating and Financial Highlights2,3 _______________ (i) Organic movements for the periods presented exclude certain B2B customers and subscribers for fixed line counts and include voice-only connections for mobile counts Virgin Media O2 begins 2026 focused on network quality through targeted investment VMO2 delivered improved fixed performance in Q1, driven by ongoing optimization of commercial initiatives which are helping to stabilize the base despite sustained promotional market intensity. VMO2 also advanced its network strategy through investments in O2 Satellite, network upgrades, spectrum transfers and continued full-fiber expansion. Q1 financial performance was inline with expectations, with the anticipated decline in consumer and business revenue partially offset by wholesale growth. VMO2 remains on track for all full-year guidance.5 Highlights for Q1 Q1 Financial Highlights (in U.S. GAAP, as reported by Liberty Global)7 Q1 Financial Highlights (in IFRS, as guided to and aligned with bondholder covenants)9 Q1 Operating Highlights 2026 VMO2 guidance (in IFRS)(i) We are confirming5: (i) Quantitative reconciliations to net earnings/loss (including net earnings/loss growth rates) and cash flow from operating...

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