Abstract

Liberty Global PLC will announce its quarterly results on February 18, 2026 Pre-Market; this preview synthesizes recent financial data and forecasts to frame expectations for revenue, margins, net income, and adjusted EPS while highlighting segment dynamics and prevailing Street views.

Market Forecast

Consensus signals point to a soft quarter for Liberty Global PLC, with current-quarter revenue projected at 1.22 billion, implying a year-over-year decrease of 37.58%. Forecasts indicate EPS of -0.36 and EBIT of -31.10 million, with EPS year-over-year forecast growth of 58.14% and EBIT year-over-year forecast growth of 14.33%; the revenue outlook calls for a year-over-year decline of 37.58%. The company’s main businesses include Subscription at 448.80 million, B2B at 233.30 million, Residential Mobile at 167.30 million, Non-Subscription at 8.30 million, and Other at 349.40 million. Subscription remains the anchor, while B2B contributes meaningful diversification and Residential Mobile supports cross-sell opportunities, though near-term momentum is subdued. The most promising segment appears to be B2B, supported by 233.30 million revenue; continued enterprise connectivity demand and solution upgrades provide a resilient revenue base even as consumer markets fluctuate.

Last Quarter Review

Liberty Global PLC reported last quarter revenue of 1.21 billion, GAAP net profit attributable to the parent company of -90.70 million with a quarter-on-quarter change of 96.75%, and adjusted EPS of -0.27 year-over-year growth of 93.17%; gross profit margin and net profit margin were not disclosed in the dataset. Operational execution held as Subscription and B2B segments together accounted for 682.10 million, balancing softer Residential Mobile and Non-Subscription activity. Main business highlights included Subscription revenue of 448.80 million and B2B revenue of 233.30 million, while Residential Mobile posted 167.30 million; more tactical pricing and bundling helped stabilize subscriber churn.

Current Quarter Outlook

Main Business: Subscription, B2B, and Residential Mobile

Subscription revenue remains the core driver for Liberty Global PLC, underpinning cash generation and the ability to fund network investments. With 448.80 million in last quarter’s Subscription revenue, stability hinges on broadband ARPU trends, churn management, and incremental speed-tier upselling. B2B at 233.30 million provides a buffer against consumer cyclicality, with enterprise connectivity, security, and managed services fostering multi-year contracts. Residential Mobile at 167.30 million continues to be shaped by competitive pricing dynamics and device upgrade cycles; bundle integration with fixed-line services can reduce churn and lift lifetime value per customer. Across these three pillars, a disciplined focus on customer lifetime value and product mix is likely to matter more than headline net adds in the approaching print.

Most Promising Segment: B2B Enterprise Connectivity

B2B’s relative resilience, evidenced by 233.30 million revenue, appears better positioned in the current environment due to contracted volumes and critical-service provisioning. The segment can gain from cross-selling security, SD-WAN, and cloud-connectivity solutions on top of base connectivity, which raises average revenue per account and embeds higher switching costs. In regions where fiber and high-capacity backhaul are differentiators, Liberty Global PLC’s existing infrastructure can be leveraged to win larger enterprise accounts and deepen relationships with public-sector clients. While near-term macro sensitivity is present, B2B’s pipeline visibility typically exceeds consumer markets and enables steadier revenue recognition even as consumer pricing promotions intensify.

Key Stock Price Drivers This Quarter

The earnings print will likely hinge on three factors: revenue trajectory vs. guidance, margin containment, and capital allocation signals. Revenue declines of 37.58% year over year in the forecast frame the challenge, so any stabilization or beats in Subscription and B2B would be supportive for sentiment. Margin containment will be closely watched given the expected EBIT of -31.10 million; operational cost discipline, network efficiency gains, and lower promotional intensity could improve run-rate profitability. Capital allocation will also be in focus, including buybacks or balance-sheet moves, as investors gauge the company’s commitment to shareholder returns amid operational transitions; concrete steps reinforcing financing flexibility may help re-rate the equity if headline revenue remains under pressure.

Analyst Opinions

Across recent previews, the balance of opinion leans cautious, with a greater share of analysts expecting pressure on top-line and a near-term operating loss; the majority perspective is bearish. Analysts highlight the projected revenue decline of 37.58% and an EBIT loss of 31.10 million as the primary headwinds, emphasizing subdued consumer demand in Residential Mobile and competitive intensity in fixed-line. The expectation that EPS might improve year over year to -0.36, despite revenue headwinds, leads some to focus on cost controls and bundling strategies as partial offsets, but the prevailing view remains that execution risk is elevated during the transition. Well-followed sell-side voices point to constrained growth vectors in consumer channels and a need for clearer signals around capital deployment; these opinions reinforce the cautious stance as investors look for evidence of revenue stabilization and margin recovery in February 18, 2026 Pre-Market results.