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Liberty Global LBTYB VMO2 JV (nonconsolidated) — Adjusted EBITDA

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Other financials

Income statement

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Revenue$1.2B-7.7%
Gross profit$796.6M-0.9%
Operating income$3.0M-89.9%
Net income-$365.1M+86.9%
EPS (diluted)$0.96+125%

Balance sheet

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Cash & equivalents$2.4B+33.1%
Total debt$9.8B-22.4%
Total equity$9.2B-29.0%
Total assets$21.5B-20.7%

Cash flow

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Operating cash flow$230.9M+54.8%
CapEx$347.9M+9.0%
Free cash flow-$117.0M+31.2%

Valuation

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Market cap$4.19B+7.9%
Enterprise value$11.58B-21.3%
P/S0.9×

Profitability

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Gross margin67.2%
Operating margin-1.8%
Net margin-62.1%
FCF margin9.4%-1.6pp

Returns & leverage

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Return on equity-27.3%+11.1pp
Debt / equity1.1×+0.1×
Current ratio1.3×+0.3×

Where this comes from

Reported directly by Liberty Global in its filing.

Tagged under the XBRL concept lbtya:AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization.

The source filing: Liberty Global’s 10-Q, filed July 24, 2026.

Filed
Jul 24, 2026, 8:07 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001570585-26-000109
Line itemAdjusted EBITDA / Three months ended June 30, 2026Adjusted EBITDA / Three months ended June 30, 2025Adjusted EBITDA / Six months ended June 30, 2026Adjusted EBITDA / Six months ended June 30, 2025
in millions
Telenet$197.0$185.1$380.9$340.9
Wyre141.6152.9295.9298.7
VM Ireland40.441.478.878.6
VMO2 JV (nonconsolidated)1,180.31,172.32,272.12,245.7
VodafoneZiggo JV (nonconsolidated)470.1496.7952.1959.8
Total reportable segment Adjusted EBITDA$2,029.4$2,048.4$3,979.8$3,923.7

ITEM 6. [EXHIBITS](#ia2320494d72041aab5da800f00084358_262) [80](#ia2320494d72041aab5da800f00084358_262)

FAQ

What is Liberty Global's VMO2 JV (nonconsolidated) — adjusted EBITDA?
Liberty Global (LBTYB) reported VMO2 JV (nonconsolidated) — adjusted EBITDA of $1.18B in Q2 2026.
How has Liberty Global's VMO2 JV (nonconsolidated) — adjusted EBITDA changed year-over-year?
Liberty Global's VMO2 JV (nonconsolidated) — adjusted EBITDA increased by 0.7% year-over-year, from $1.17B to $1.18B.
What does VMO2 JV (nonconsolidated) — adjusted EBITDA mean?
This metric represents the earnings before interest, taxes, depreciation, and amortization for the joint venture entity, adjusted for non-recurring or non-operational items. It serves as a primary indicator of the operational profitability and cash-generating capacity of the converged fixed and mobile network business. Investors use this figure to assess the underlying performance of the joint venture independent of its capital structure or accounting depreciation policies.

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