I've written about Liberty Global Ltd. ( LBTYA )( LBTYB )( LBTYK ) six times now. This is my seventh article, and in my opinion, it's even more important than the Sunrise spin-off .Oil, Gas, Energy, Metals - That's the core of my research.I am a semi-retired former engineer who switched careers in 2018 to focus on capital management. I acquired most of my knowledge about finance and valuation from NYU Professor Damodaran and books like "Margin of Safety" and "The Intelligent Investor."I specialize in fundam ...

Core Insights - Liberty Global (LBTYA) reported a significant loss of $2.92 billion from continuing operations in Q4 2025, contrasting with earnings of $2.33 billion in the same quarter of the previous year [1] - Despite the loss, revenues increased by 9.6% year over year to $1.23 billion, although on a rebased basis, revenues saw a slight decline of 0.5% [1] Revenue Performance - Consolidated Liberty Telecom, which includes Telenet and Virgin Media Ireland, saw revenues rise by 7.3% year over year to $976.3 million [2] - Liberty Growth revenues increased to $36.6 million from $35.1 million in the previous year [2] - Liberty Services & Corporate revenues grew by 19.3% year over year and 9.4% on a rebased basis to $266.6 million [2] Segment Analysis - Telenet's revenues reached $842.3 million, marking a 7.8% increase year over year, but a decline of 1.3% on a rebased basis [3] - Virgin Media Ireland's revenues increased by 4.2% on a reported basis but decreased by 4.5% on a rebased basis to $134 million [3] - Adjusted EBITDA for Liberty Global increased by 12.4% year over year to $278.6 million in Q4, but declined by 0.9% on a rebased basis [3] Subscriber Trends - Telenet lost 4,600 fixed-line customers but gained 12,400 broadband customers and 2,900 postpaid mobile subscribers [5] - VM Ireland lost 4,200 fixed-line customers and 3,400 broadband customers, while gaining 1,500 postpaid mobile subscribers [5][6] Joint Venture Performance - VMO2 joint venture revenues were $3.40 billion, down 2.3% on a reported basis and 5.9% on a rebased basis, with significant subscriber losses [7] - VodafoneZiggo joint venture revenues increased by 6.5% on a reported basis but decreased by 2.3% on a rebased basis, also experiencing subscriber losses [8] Financial Position - At the end of Q4 2025, Liberty Global had $2.90 billion in cash and investments, a decrease from $2.61 billion at the end of Q3 2025 [10] - Total debt and finance leases amounted to $8.6 billion, up from $8.5 billion in the previous quarter [10] - Cash provided by operating activities was $630.9 million, down 5.4% year over year but up 109% from the previous quarter [11] 2026 Guidance - Liberty Global anticipates further improvement in Liberty Services & Corporate performance, guiding to approximately $50 million negative Adjusted EBITDA for 2026 [12] - VMO2 expects a 3-5% decline in total service revenues and Adjusted EBITDA, reflecting competitive pressures in the U.K. market [12] - VodafoneZiggo forecasts stable to low-single-digit revenue decline and a mid- to high-single-digit decline in Adjusted EBITDA [13] - Telenet expects stable revenue growth and low-single-digit growth in Adjusted EBITDA, supported by price indexation benefits [13]

We recently published 10 Market Winners With Stunning Gains. Liberty Global Ltd. (NASDAQ:LBTYA) was one of the best performers on Wednesday. Liberty Global soared to a new 52-week high on Wednesday, as investors took heart from a flurry of billion-dollar acquisition initiatives. At intra-day trading, the stock jumped to its highest price of $13.52 before trimming gains to finish the session just up by 16.76 percent at $13.03 apiece. In an updated report during the day, Liberty Global Ltd. (NASDAQ:LBTYA ...

由西班牙电信(Telefonica SA)和Liberty Global拥有的宽带合资企业Nexfibre Networks Ltd.已同意收购光纤 挑战者品牌Netomnia Ltd.的母公司Substantial Group，交易价值20亿英镑(约27亿美元)。这标志着拥挤的 英国宽带市场迎来了首次重大整合。（格隆汇） ...

Liberty Global Ltd (LBTYA, LBTYB, LBTYK) reported fiscal 2025 consolidated loss from continuing operations of $7.1 billion, compared to a profit of $1.9 billion in the previous fiscal year. Total consolidated adjusted EBITDA increased by 9.9% to $1.3 billion. Total consolidated revenue grew by 12.4% to $4.9 billion. Fourth quarter consolidated consolidated loss from continuing operations was $2.9 billion compared to profit of $2.3 billion, a year ago. Total consolidated adjusted EBITDA was $278.6 million, ...

Exhibit 99.1 Improving commercial momentum and continued focus on value creation Denver, Colorado: February 18, 2026 - Liberty Global Ltd. announces its Q4 2025 financial results. CEO Mike Fries stated, "In the fourth quarter, we continued to execute our plans to both drive commercial momentum in our telecom operations and unlock value for shareholders. 1 • Liberty Telecom: We delivered all full-year guidance metrics at VMO2, VodafoneZiggo and Telenet, reflecting growing commercial progress despite challeng ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35961 Liberty Global Ltd. (Exact name of Registrant as specified in its charter) Bermuda 98-1750381 (State or other jurisdiction of incorporatio ...

Group 1 - Liberty Global has agreed to sell UPC Slovakia to O2 Slovakia for approximately €95 million ($110 million) [1][2] - The sale price reflects a multiple of about 7x UPC Slovakia's estimated 2025 Adjusted EBITDA and approximately 15x when considering Adjusted EBITDA less P&E Additions [2] - UPC Slovakia serves over 600,000 households in 80 cities, offering internet speeds of up to 2.5 Gbps [2] Group 2 - Liberty Global operates through three platforms: Liberty Telecom, Liberty Growth, and Liberty Services [3] - Liberty Telecom provides over 80 million fixed and mobile connections across Europe, generating approximately $21.6 billion in revenue [4] - Liberty Growth invests in scalable businesses across various sectors, with a portfolio valued at $3.4 billion [5] - Liberty Services generates around $600 million in annual revenue, primarily from consolidated businesses and joint ventures [5]

Group 1 - Liberty Global Ltd. (NASDAQ:LBTYA) is viewed positively by analysts, with over 40% assigning a Buy rating, while the consensus 1-year median price target suggests nearly 16% upside potential [1] - The company is focused on reducing operational expenses, disposing of non-core assets, and reshaping its corporate model to enhance shareholder value, although analysts remain skeptical about the success of these initiatives [2] - Citi analyst Carl Murdock-Smith maintained a Neutral rating but raised the price target from $11 to $13 due to higher earnings estimates from lower costs [3] - UBS analyst Polo Tang also increased his price target from $11.80 to $12.60 while reiterating a Neutral rating [4] Group 2 - Liberty Global plc operates as a telecommunications holding company, focusing on broadband, video, and mobile communications in Europe, with interests in Virgin Media O2 in the UK and VodafoneZiggo in the Netherlands [5]

Group 1 - The core investment thesis for Liberty Global is based on the belief that the company, under the leadership of John Malone, is shifting its strategy to "de-conglomeratize" and unlock shareholder value through asset spin-offs, with an expected upside of 50% to 150% over the next few years [2] - The stock has performed well, increasing approximately 26% since the recommendation, aided by the spin-off of Sunrise, Liberty's Swiss telecom company [2] - The use of options in this investment strategy transformed a respectable return into a significantly higher one, demonstrating the effectiveness of combining special-situations research with smart options structuring [3][4] Group 2 - The synthetic long position was established by buying a call and selling a put at the same strike price, with a net cost of $209 per contract, replicating the economics of owning the stock outright [4][6] - The intrinsic value of the January 2026 call is currently $3.59, and the short put is expected to expire worthless unless the stock declines by 33% [5] - The total return from the synthetic long position alone is +72%, which was further enhanced by selling out-of-the-money calls, resulting in a total return of +165% when including additional income generated [7][8] Group 3 - The lessons learned from this investment include the amplification of returns through options in special-situations investing, the continued validity of the original de-demerger thesis, and the impact of spin-offs on option chains, which can affect liquidity and income generation opportunities [9][10][11]