Liberty Global Ltd. has released its Q4 2025 financial results, showcasing various improvements and achievements across its operations.
In the telecom sector, VMO2, VodafoneZiggo, and Telenet all delivered on their full-year guidance metrics, reflecting growing commercial progress despite challenging competitive environments. Notably, VMO2 was recognized as the UK's top broadband provider by Opensignal and saw a sequential improvement in broadband additions.
Telenet recorded its highest broadband net adds in three years, while VodafoneZiggo achieved its best quarterly broadband performance in over two years and became the largest provider offering 2Gbps speeds in the Netherlands.
In terms of financial performance, Liberty Global reported a revenue increase of 9.6% for the fourth quarter, reaching $1,231.1 million compared to $1,123.2 million in the same period in the previous year. For the full year, the revenue increased by 12.4% to $4,878.5 million compared to $4,341.9 million in the previous year.
In the same period, the company's adjusted EBITDA for the fourth quarter increased by 12.4% to $278.6 million compared to $247.8 million in the previous year. For the full year, adjusted EBITDA increased by 9.9% to $1,275.0 million compared to $1,159.8 million in the previous year.
In the nonconsolidated 50% owned Liberty Telecom, VMO2 JV reported a revenue of $3,399.4 million, a decrease of 2.3% on a reported basis and 5.9% on a rebased basis. VodafoneZiggo JV reported a revenue of $1,186.4 million, indicating a 6.5% increase on a reported basis and a 2.3% decrease on a rebased basis.
Virgin Media O2 saw improvements in fixed-line trading with a sequential improvement in broadband net losses and continued progress in commercial initiatives. The company also achieved its 2025 guidance metrics, including growth in combined consumer and wholesale revenue.
VodafoneZiggo's strategic plan implementation in Q1 supported its commercial momentum, leading to improved broadband net adds performance and positive mobile postpaid net adds for the second consecutive quarter. The company achieved all full-year financial guidance for 2025.
Telenet achieved strong commercial momentum with positive net adds in both broadband and mobile, delivering all financial guidance for 2025. The company's revenue increased by 7.8% year-over-year on a reported basis, while adjusted EBITDA decreased by 1.8% on a reported basis.
These financial and operational highlights reflect the positive trajectory and growth across Liberty Global's telecom operations, reaffirming the company's commitment to driving commercial momentum and creating value for shareholders. Today the company's shares have moved -2.57% to a price of $10.24. For more information, read the company's full 8-K submission here.
