Liberty Global sets year-end cash target at $1.8 billion
Liberty Global lowered its 2026 year-end cash target to $1.8 billion. Its VMO2 joint venture forecasts 3%-5% declines in total service revenue and adjusted EBITDA, around £200 million in adjusted free cash flow, and plans a further $100 million share buyback in Q4 2026.
1. Cash and buyback plans
Liberty Global lowered its 2026 year-end cash target to $1.8 billion. A further $100 million share buyback is anticipated in Q4 2026, following $100 million completed in Q3.
2. VMO2 outlook
VMO2 forecasts total service revenue and adjusted EBITDA declines of 3%-5%, with adjusted free cash flow around £200 million. Its planned £200 million shareholder distributions remain under review, with an update due in Q1 2027.
3. Cost savings target
VMO2 targets £800 million in annual run-rate cost savings by 2029, including roughly £300 million from lower people costs.
