Liberty Global LiLAC(DE:1LL)
€9.10+0.15 (+1.68%)
DE:1LL
Liberty Global LiLAC earnings date
€9.10
At close:+0.15 (+1.68%)
Liberty Global LiLAC (1LL) Q3 2026 Earnings Report
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DE:1LL Q3 2026 EPS Results
- Actual EPS
- -EUR 0.38
- Consensus EPS
- -EUR 0.08
- Beat/Miss
- Missed by -EUR 0.30
- One Year Ago EPS
- -EUR 0.04
DE:1LL Q3 2026 Revenue Results
- Actual Revenue
- EUR 1.00B
- Expected Revenue
- EUR 1.02B
- Beat/Miss
- Missed by -EUR 18.96M
- YoY Revenue Growth
- +0.44%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/04/2026
- Time
- After Close
- Conference Call
- Wednesday, November 4, 2026
DE:1LL Upcoming Earnings
Liberty Global LiLAC's next earnings date is estimated for February 24, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
DE:1LL Q3 2026 Earnings Call
0:00 / 0:00
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call was strongly positive overall. Operational momentum improved, subscriber additions accelerated, adjusted OIBDA and margins expanded, free cash flow was materially ahead of the prior year, and management expressed confidence in Q4 and 2027. The principal challenges were rebased revenue declines, B2B and project-revenue timing, residential fixed and ARPU pressure in certain markets, Puerto Rico's negative free-cash-flow contribution, and supply-chain and tariff issues.
Company Guidance
Management expects Q4 to be the strongest quarter for adjusted free cash flow, to post improved results next quarter, and to finish the full year comfortably ahead of our 2025 results; full year P&E additions as a percentage of revenue are expected to be in a similar envelope to 2025 levels, Jamaica’s negative free cash flow headwinds are now expected to come in comfortably below $100 million, and the company continues to envisage a strong end to the year for B2B, with this momentum expected to carry into 2027. Price increases are built into the 2027 budget, Puerto Rico’s margins will continue to improve, and Liberty Networks expects future high-margin revenues and adjusted free cash flow from 2028.
- Accelerating Subscriber GrowthThe group added 56,000 postpaid mobile and broadband subscribers in Q3, improving on both the first and second quarters. Management highlighted strong performance from C&W Panama and a return to postpaid subscriber additions in Liberty Costa Rica.
- Robust Adjusted OIBDA and Margin ExpansionQ3 adjusted OIBDA was $454 million, up 3% on a rebased year-over-year basis. The consolidated adjusted OIBDA margin expanded to approximately 41%, improving 160 basis points year-over-year, supported by higher-contribution-margin products and cost savings across the business.
- Improved Year-to-Date Free Cash FlowYear-to-date adjusted free cash flow before distributions to partners was approximately $140 million higher than in the first nine months of 2025. Excluding Puerto Rico, the company would have generated over $130 million of adjusted free cash flow before partner distributions. Management expects Q4 to be the strongest free-cash-flow quarter and full-year free cash flow to finish comfortably ahead of 2025.
- Share Repurchase ProgramFollowing the preferred stock distribution in June, the company repurchased over $150 million of common stock during 2026, representing nearly 10% of common shares outstanding at 2025 year-end. John Malone, Balan Nair and members of the Board also bought common or preferred equity.
- AI-Enabled Pricing and Commercial InitiativesThe company is using AI-enabled target offers and sharper consumer insights to support price increases and improve churn outcomes. Management said price increases taken so far have not produced the level of churn seen previously, and price increases are also included in the 2027 budget.
- Starlink Partnerships LaunchedLiberty launched two direct-to-consumer Liberty Starlink partnerships in Panama and Costa Rica during Q3. Management described Starlink as complementary in niche markets, particularly remote and wealthy enclaves where terrestrial network construction is less practical, while also identifying Starlink as a B2B customer across the Caribbean and Puerto Rico.
- Strong Liberty Caribbean Network and Subscriber PerformanceLiberty Caribbean added approximately 3,000 postpaid mobile subscribers and 4,000 broadband subscribers in Q3, with mobile additions from Barbados and smaller markets and broadband additions supported by Jamaica. Ookla recognized Jamaica as having the fastest fixed and mobile networks in the first half of 2026.
- Liberty Caribbean Product and Digital ImprovementsThe company deployed 5G and continued rebuilding its fixed network with fiber-to-the-home. It launched unbeatable Internet across most markets, providing a mobile backup bundled with fixed service, and introduced a redesigned Flow mobile app with real-time activation, a digital purchase experience and additional cross-selling functionality.
- Liberty Caribbean Pricing and B2B GrowthManagement said Liberty Caribbean has no material pricing differential between its front book and back book. It increased prices by 10% on fixed broadband and postpaid mobile in Jamaica for virtually all of the base early in Q4. Caribbean B2B revenue grew 6% year-over-year, supported by major project wins in the Bahamas and Curacao and increased mobile adoption, while the AWS partnership generated new customer interactions and a solid ICT and public-cloud pipeline.
- Strong C&W Panama Residential MomentumC&W Panama added approximately 10,000 broadband subscribers and 16,000 postpaid subscribers in Q3, the largest contributor to group broadband and postpaid additions. Residential mobile subscription revenue grew 6% year-over-year and fixed revenue grew 3%, supported by subscriber momentum, FMC adoption and selective price increases across fixed broadband, postpaid and prepaid.
- Liberty Networks Enterprise Growth and Strategic ExpansionLiberty Networks delivered 6% rebased year-over-year revenue growth in Enterprise, driven by IT-as-a-Service strength in Colombia and the Dominican Republic. The company continued expanding its subsea and network systems along new routes and expects the Mona project to generate high-margin revenue and adjusted free cash flow from 2028.
- Costa Rica Subscriber Recovery and Margin ImprovementLiberty Costa Rica added 19,000 postpaid subscribers in Q3 after a softer Q2 affected by a sales-model change. Adjusted OIBDA grew approximately 8% on a rebased year-over-year basis, while the margin expanded roughly 300 basis points to approximately 40%, supported by postpaid growth, broadband recovery, product mix and cost-reduction initiatives.
- Puerto Rico Mobile and Customer Experience ProgressLiberty Puerto Rico added 6,000 postpaid subscribers, delivering positive postpaid additions for four consecutive quarters. Sequential postpaid revenue increased again, supported by the higher subscriber base and a slight improvement in postpaid ARPU. Management also reported improving mobile and fixed NPS, positive momentum following the iPhone 18 launch, a stabilizing residential broadband base and continued positive video additions.
- Puerto Rico Margin Improvement and Pricing ActionsLiberty Puerto Rico's Q3 adjusted OIBDA was $103 million, up 8% on a rebased year-over-year basis, with the margin expanding to approximately 36%. Cost reductions, lower handset subsidies, price increases and reduced discounts were identified as contributors to future margin and free-cash-flow improvement.
- Balance Sheet and Liquidity PositionThe company ended the quarter with $8.5 billion of total debt, $579 million of cash and $860 million of borrowing capacity. C&W net leverage was 3.8x, LCR leverage was below 2x, C&W's weighted average debt tenor was almost five years, LCR's was over four years, and management said a substantial majority of C&W debt was fixed-rate or hedged to maturity.
- Expected Q4 and 2027 MomentumManagement said stronger B2B momentum, the timing of project revenue, efficiency initiatives and the year's most commercially active season position the company for a strong Q4, with momentum expected to carry into 2027.
DE:1LL Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 24, 2027 | 2026 (Q4) | -0.11- | -0.17 | ― | ― |
| Nov 04, 2026 | 2026 (Q3) | -0.08-0.38 | -0.04 | -852.27% (-0.34) | |
| Aug 05, 2026 | 2026 (Q2) | -0.00-0.11 | -1.29 | 91.79% (+1.18) | |
| May 07, 2026 | 2026 (Q1) | 0.02-0.07 | -0.42 | 83.58% (+0.35) | |
| Feb 18, 2026 | 2025 (Q4) | -0.02-0.17 | -0.55 | 69.66% (+0.38) | |
| Nov 05, 2025 | 2025 (Q3) | -0.04-0.04 | -1.35 | 97.08% (+1.31) | |
| Aug 07, 2025 | 2025 (Q2) | ―-1.29 | -0.13 | -865.10% (-1.15) | |
| May 07, 2025 | 2025 (Q1) | -0.04-0.42 | 0 | ― | |
| Feb 19, 2025 | 2024 (Q4) | -0.05-0.55 | -0.33 | -65.68% (-0.22) | |
| Nov 06, 2024 | 2024 (Q3) | ―-1.35 | 0.18 | -865.48% (-1.53) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat Missed
