Liberty Global Ltd. has released its Q2 2025 financial results, showcasing its continued focus on strategic pillars. The company's consolidated revenue for the quarter stood at $1,269.1 million, marking a 20.0% increase from the previous year. In terms of adjusted EBITDA, the company reported $335.3 million, reflecting a 12.7% increase.
Telenet, a key subsidiary, reported a 6.1% increase in revenue, reaching $801.0 million. Its adjusted EBITDA also saw significant growth, standing at $337.9 million, an 8.3% increase from the prior year.
VMO2 JV's revenue remained relatively stable at $3,373.5 million, with a minor decrease of 0.1% on a reported basis. However, adjusted EBITDA for VMO2 JV experienced a 3.5% increase, reaching $1,172.3 million.
On the other hand, VodafoneZiggo JV saw a 2.9% increase in revenue, amounting to $1,123.3 million. However, its adjusted EBITDA decreased by 4.2%, standing at $496.7 million.
In terms of subscriber variance, Liberty Global reported a total organic change of 3,500 broadband subscribers and a net loss of 45,500 fixed-line customers across its consolidated reportable segments.
Looking ahead, the company reaffirmed all guidance metrics for its Liberty Telecom operations while raising Telenet's adjusted EBITDA outlook. Additionally, it anticipates an improved outlook for Liberty Services & Corporate adjusted EBITDA of negative ~$175 million for 2025. Following these announcements, the company's shares moved 4.14%, and are now trading at a price of $10.435. For more information, read the company's full 8-K submission here.
