Liberty Global Q2 revenue down 6%, adjusted EBITDA up 2% YoY.

• Liberty Global reports Q2 2025 financial results • CEO Mike Fries highlights strategy execution across pillars • Liberty Growth, Liberty Telecom, and Liberty Services & Corporate • Sunrise trades higher post-spin and inaugural dividend payment • VodafoneZiggo sees improving fixed-line performance under new plan • Telenet delivers commercial momentum in a competitive market • Company remains focused on creating value for shareholders.

Liberty Global Ltd. has released its Q2 2025 financial results, highlighting continued strategic execution across its pillars—Liberty Growth, Liberty Telecom, and Liberty Services & Corporate. CEO Mike Fries underscored the company's commitment to creating value for shareholders, with notable achievements in various segments.

Liberty Growth, the company's investment portfolio, saw its fair market value (FMV) increase to $3.4 billion during the quarter. The top six investments now constitute over 80% of the overall portfolio's value, reflecting the portfolio's strong performance.

Liberty Telecom operations continued to focus on improving commercial momentum despite intense competition. At VodafoneZiggo, early signs of improving fixed-line performance were noted under its new strategic plan. Telenet delivered another solid quarter, with positive broadband growth and a return to mobile postpaid additions. VMO2 is nearing completion of its acquisition of the B2B business Daisy, which is expected to bolster growth ambitions in this segment.

Sunrise, following its spin-off in November 2024, continued to trade higher, particularly after its inaugural dividend payment in May. The company is also exploring opportunities to separate its remaining core operating units and/or assets to unlock the conglomerate discount in its stock.

Liberty Services & Corporate platforms in Finance and Tech made progress, with new client wins at Liberty Blume during the second quarter. The company's unique balance sheet structure allows for flexibility in pursuing additional spin-offs, tracking stocks, IPOs, and other transactions in multiple combinations.

Key financial highlights include:
- Revenue for Telenet increased by 6.1% and VM Ireland by 2.3%.
- Consolidated Liberty Telecom revenue increased by 5.6%.
- Adjusted EBITDA for Telenet increased by 8.3%, while VM Ireland decreased by 9.4%.

Liberty Global's strategy to unlock value appears to be succeeding, with Sunrise continuing to trade higher post-spin and the company's Liberty Telecom operations focused on improving commercial momentum. The company's focus on creating value for shareholders is evident in its strategic plans and financial performance. [1]

References:
[1] https://www.stocktitan.net/news/LBTYA/liberty-global-reports-q2-2025-u4p3ifd91c8m.html