Liberty Global PLC's stock soared 5.01% during intraday trading on Friday, following the release of its first-quarter 2026 financial results.

The telecommunications company reported a significant swing to profitability, with net income of $358.2 million compared to a loss of $1.32 billion in the same period last year. Revenue for the quarter rose 8.8% year-over-year to $1.27 billion, while adjusted EBITDA increased 12.9% to $366.5 million, beating analyst expectations.

Investor sentiment was further bolstered by the company's reiteration of all its 2026 full-year guidance targets and confirmation that it remains on track to acquire Vodafone's 50% stake in VodafoneZiggo, with the transaction expected to close in July.