Liberty Global (NASDAQ: LBTY) announced Liberty Global Q4 2025 earnings, showing gains despite macroeconomic headwinds. Revenue reached $1,231.1 million in Q4 2025, up 9.6% year-over-year. The company delivered full-year 2025 guidance metrics, marking improved execution across its telecom operations. Adjusted EBITDA climbed to $1,275.0 million for the full year, up 9.9% year-over-year.
Liberty Global Q4 2025 Earnings: Key Financial Results
- Q4 2025 Revenue: $1,231.1M, up 9.6% YoY reported, down 0.5% rebased.
- Adjusted EBITDA: $278.6M, up 12.4% YoY reported, down 0.9% rebased.
- Full Year 2025: Revenue of $4,878.5M (+12.4% YoY reported), Adjusted EBITDA of $1,275.0M (+9.9% YoY).
- Segment Momentum: VMO2 delivered improved results with 8.3M full fiber homes and 87% 5G coverage.
Liberty Global Q4 2025 Earnings: Quarterly Revenue Performance
Liberty Global Q4 2025 earnings quarterly revenue trend chart showing consistent growth momentum across operations, spanning Q1 2024 through Q4 2025.
Liberty Global Q4 2025 Earnings: Segment Breakdown
Telenet delivered revenue of $842.3M for Q4 2025, up 7.8% year-over-year. Full-year revenue reached $3,207.9M. The segment gained 12.4k broadband subscribers, reflecting improved broadband positioning.
VMO2 (50% ownership) recorded Q4 revenue of $3,399.4M, down 2.3% year-over-year. The company expanded full fiber to 8.3 million homes in 2025. 5G coverage reached 87% of the population, positioning the segment for future growth.
Vodafone Ziggo (50% ownership) posted $1,186.4M in Q4 revenue, up 6.5% year-over-year. Full-year revenue reached $4,518.5M. The company holds the largest 2Gbps provider position in its markets.
Virgin Media Ireland delivered $134.0M in Q4 revenue, up 4.2% year-over-year. Fiber deployment is 70% complete across the enterprise.
Liberty Global Q4 2025 Earnings: EBITDA Trend
Liberty Global Q4 2025 earnings adjusted EBITDA trend chart demonstrating operational efficiency and margin expansion from Q1 2024 through Q4 2025.
Liberty Global Q4 2025 Earnings: Market Position
Liberty Global remains a leading telecom operator in Europe. The company managed $2.2 billion in corporate liquidity as of year-end 2025. Total liquidity reached $2.9 billion, providing solid financial flexibility. Debt stood at $8.6 billion with a 3.1-year average tenor.
Liberty Global Q4 2025 Earnings: 2026 Guidance
Management guided to a VMO2 revenue decline of 3%-5% in 2026. Adjusted EBITDA is expected to decline 3%-5%. Vodafone Ziggo revenue is guided to be stable to low single-digit decline. The company is making a special €100 million investment in network resilience. Telenet revenue is expected to remain stable. Low single-digit EBITDA growth is anticipated.
Liberty Global Q4 2025 Earnings: Key Takeaways
✓ Impressive Q4 results with revenue up 9.6% YoY despite rebasing headwinds.
✓ Full-year 2025 guidance delivered across all metrics.
✓ Segment momentum: Telenet gained subscribers, VMO2 expanded fiber to 8.3M homes, and Vodafone Ziggo gained share.
✓ Network investment ongoing: Full fiber rollout and 5G expansion progressing.
✓ 2026 guidance: Modest revenue declines offset by strategic investments and operational improvements.
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