Q1 2026 financial results

5.5m

Consumer fixed-line customers

(↓ 6,900 in Q1)

46.4m

Total mobile connections

(↓ 311,800 in Q1)

£2,007.9m

Total Service Revenue

(↓ 3.0% YoY adjusted for the Daisy transaction)

£901.7m

Adjusted EBITDA

(↓ 3.4% YoY adjusted for the Daisy transaction)

 

 

The first UK mobile network to switch on direct-to-device satellite connectivity

"This year is all about navigating a turbulent market landscape while investing, where the conditions are right, to maximise opportunities, future-proof our networks and lay the foundations to build long-term customer trust, profitability and cash generation. Our first quarter performance is very much in line with our full year guidance.

With a clear customer focus and underpinned by more than half a billion pounds of investment in Q1, we have started the year delivering against our core strategy through the launch of O2 Satellite, a first in Europe; expanding our 5G Standalone footprint to be the largest in the country; making continued improvements in customer service and satisfaction; and expanding our fibre footprint to almost 9 million premises.

We’ll continue to remain focused on delivery in all three of our business areas - consumer, B2B and wholesale – while transforming for future success."

Lutz Schüler - Chief Executive Officer

Investor information

For further investor information please visit the investor websites of Liberty Global and Telefónica.

8-K form Liberty Global investor site Telefónica investor site

Investor Relations contacts

Virgin Media O2

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