> ## Content Index > Fetch the complete content index at: https://www.bullished.co/llms.txt > Use this file to discover other available public pages before exploring further. # Liberty Global's Revenue Jumps 59.1% As VodafoneZiggo Joins The Books, But Rebased Growth Is Just 1.0% - URL: https://www.bullished.co/liberty-globals-revenue-jumps-59-1-as-vodafoneziggo-joins-the-books-but-rebased-growth-is-17901d81/ - Published: 2026-11-03T13:52:07.000Z - Updated: 2026-11-03T13:52:06.000Z - Description: Consolidating the Dutch venture lifted reported results, while adjusted EBITDA fell 13.7% on a rebased basis. - Author: Matteo Parrino - Tags: SEC Filings, LBTYA, Industry: Communication Services [Liberty Global](https://www.bullished.co/tag/lbtya/), which runs broadband and communications businesses across Europe, [reported third-quarter revenue of $1,920.6 million](https://www.sec.gov/Archives/edgar/data/0001570585/000157058526000154/ex991lgq32026pressrelease.htm?ref=bullished.co), up 59.1% as reported but only 1.0% on a rebased basis, which adjusts for acquisitions, disposals and currency. The gap comes from consolidating VodafoneZiggo, which began in July 2026 after Liberty Global bought Vodafone's 50% stake. ## Reported gains, rebased declines Consolidated adjusted EBITDA, the company's core operating profit measure, rose 79.1% as reported to $602.6 million. On a rebased basis it fell 13.7%. Net earnings were $547.7 million in the quarter against an $83.4 million loss a year earlier. For the first nine months, net earnings were $548.1 million against a $4,180.5 million loss in the same period of 2025\. Nine-month revenue was $4,367.2 million, up 19.7% as reported and down 0.8% rebased. The company completed the VodafoneZiggo acquisition on July 31, 2026, according to the release's footnotes. The earnings swing is a reported figure, not a measure of the Dutch business's operating results. Corporate cash ended the quarter at about [$2.0 billion](https://www.globenewswire.com/news-release/2026/11/03/3394191/34554/en/liberty-global-reports-q3-2026-results.html?ref=bullished.co), and the company completed $100 million of share buybacks in the quarter. It expects about $1.8 billion of corporate cash at the end of 2026 and a further $100 million of buybacks in the fourth quarter. ## Virgin Media O2's £800 million plan Virgin Media O2 is a nonconsolidated UK joint venture, and its plan is the venture's own. By 2029 it targets [£800 million](https://www.globenewswire.com/news-release/2026/11/03/3394191/34554/en/liberty-global-reports-q3-2026-results.html?ref=bullished.co) in run-rate cost reductions, partly through a 30% cut in people cost. It will also stop its own fiber build while still backing nexfibre. The venture's third-quarter revenue was $3,262.7 million, down 5.0% as reported and 5.7% rebased. Adjusted EBITDA was $1,207.8 million, down 3.4% as reported. Liberty Global said it is reviewing options on the venture's planned 2026 cash distributions of around £200 million and will update in the first quarter of 2027\. The venture said it remains on track for all full-year guidance metrics. ## Ziggo Group spin-off and tower sale CEO Mike Fries said that in December Liberty Global plans first confidential filings with the SEC and the Dutch AFM regulator for the proposed Ziggo Group spin-off, targeted for the second quarter of 2027. VodafoneZiggo agreed to sell its mobile towers for €669 million, or 16.2 times 2025 EBITDA, with proceeds going to reduce debt at VodafoneZiggo. That is part of a €1.2 billion to €1.4 billion target for Ziggo Group non-core asset sales. Fries said operating and financial synergies are expected to exceed the earlier net-present-value estimate of €1 billion. VodafoneZiggo added broadband customers for a second consecutive quarter, and its sales grew for the first time in two years, since the second quarter of 2024. The next dated step is December, when Liberty Global plans its first confidential spin-off submissions to the SEC and the AFM. Learn - [Item 2.02: results of operations →](https://www.bullished.co/learn/8-k-items-explained/#item-202-results-of-operations) From 8-K Items Explained: What Every Item Code From 1.01 To 9.01 Tells You, With Examples ### Sources - [8-K Filing — Liberty Global Ltd. (LBTYA)](https://www.sec.gov/Archives/edgar/data/0001570585/000157058526000154/lbtya-20261103.htm?ref=bullished.co) — SEC EDGAR - [Exhibit ex991lgq32026pressrelease.htm — Liberty Global Ltd. 8-K exhibit](https://www.sec.gov/Archives/edgar/data/0001570585/000157058526000154/ex991lgq32026pressrelease.htm?ref=bullished.co) — SEC EDGAR - [News Liberty Global - DCD](https://www.datacenterdynamics.com/en/news/?company=liberty-global&ref=bullished.co) — datacenterdynamics.com - [Liberty Global Reports Q3 2026 Results](https://www.globenewswire.com/news-release/2026/11/03/3394191/34554/en/liberty-global-reports-q3-2026-results.html?ref=bullished.co) — globenewswire.com ### More on Liberty Global - [Liberty Global Will Present In Barcelona On November 18 And May Comment On Outlook](https://www.bullished.co/liberty-global-will-present-in-barcelona-on-november-18-and-may-comment-on-outlook-3db23096/) - [BlackRock Now Holds 5.02% Of Liberty Global's Class A Shares](https://www.bullished.co/blackrock-now-holds-5-02-of-liberty-globals-class-a-shares-2a34c6ff/) - [EU Clears €669 Million VodafoneZiggo Tower Sale, Clearing Path For Ziggo Group Listing](https://www.bullished.co/eu-clears-669-million-vodafoneziggo-tower-sale-clearing-path-for-ziggo-group-listing-6a198184/) [All Liberty Global (LBTYA) coverage →](https://www.bullished.co/tag/lbtya/)