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LBTYA

Liberty Global plc

LBTYA

Liberty Global plc • NASDAQ
$11.41 ▲ 0.97% (+0.11)
Market Cap $3.84 B
52w High $14.22
52w Low $9.03
Dividend Yield 0%
P/E -1.88
Volume 423.35K
Outstanding Shares 336.80M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.207B ▼ $330M ▼ $-90.7M ▲ -7.514% ▲ $-0.25 ▲ $268.9M ▲
Q2-2025 $1.269B ▲ $774.2M ▲ $-2.793B ▼ -220.069% ▼ $-8.09 ▼ $-2.393B ▼
Q1-2025 $1.171B ▲ $707.1M ▲ $-1.337B ▼ -114.182% ▼ $-3.84 ▼ $-1.034B ▼
Q4-2024 $257.5M ▼ $245.4M ▼ $2.244B ▲ 871.456% ▲ $6.29 ▲ $-124.8M ▲
Q3-2024 $1.935B $1.242B $-1.434B -74.106% $-3.95 $-151.5M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.674B ▼ $25.395B ▼ $12.433B ▼ $12.744B ▼
Q2-2025 $3.145B ▲ $27.167B ▲ $13.962B ▲ $12.994B ▲
Q1-2025 $1.983B ▼ $25.971B ▲ $13.129B ▲ $12.649B ▲
Q4-2024 $2.152B ▼ $25.44B ▼ $12.895B ▼ $12.366B ▼
Q3-2024 $3.263B $41.766B $23.115B $18.659B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-83.4M ▲ $301.8M ▲ $-360.9M ▼ $-82.4M ▲ $-142.3M ▲ $864.4M ▲
Q2-2025 $-2.793B ▼ $149.2M ▲ $-299.4M ▼ $-124.8M ▼ $-166.1M ▼ $-170.1M ▼
Q1-2025 $-1.337B ▼ $129.2M ▼ $52.5M ▼ $-66.2M ▲ $166.3M ▲ $-114.1M ▼
Q4-2024 $2.244B ▲ $791.6M ▲ $349.8M ▲ $-1.6B ▼ $-542M ▼ $621.3M ▲
Q3-2024 $-1.434B $449.5M $24.2M $-176.9M $345.2M $102.4M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Business to Business
Business to Business
 $70.00M ▲$210.00M ▲$230.00M ▲$230.00M ▲
Other Category
Other Category
 $550.00M ▲$400.00M ▼$440.00M ▲$350.00M ▼
Residential
Residential
 $0 ▲$560.00M ▲$610.00M ▲$620.00M ▲
Total Residential Fixed Revenue
Total Residential Fixed Revenue
 $210.00M ▲$410.00M ▲$440.00M ▲$460.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue today is much lower than a few years ago, reflecting major portfolio changes and divestitures, but has been broadly stable to slightly up over the last couple of years on the smaller base. Profitability from the core business looks thinner than it used to be: operating results have hovered around break-even recently after being clearly profitable earlier in the period. Earnings at the bottom line are very volatile, swinging between large profits and large losses, mostly driven by one‑off gains, write‑downs, and deal-related accounting rather than the day‑to‑day business alone. This makes headline earnings hard to interpret as a steady indicator of underlying performance. Overall, the income statement tells a story of a company that has downsized, is still profitable at the cash-earnings level, but is wrestling with pressures on margins and frequent non‑recurring items.

Balance Sheet

Balance Sheet The balance sheet has shrunk materially over the last few years, with total assets and equity both coming down. This is consistent with Liberty Global selling or restructuring parts of its business and returning capital, rather than simply growing its asset base. Debt has been reduced from earlier peaks but remains significant relative to the size of the company. Cash on hand is modest compared with total debt, meaning the group still relies heavily on access to capital markets and steady cash generation to manage its obligations. The equity cushion is smaller than it used to be, which can amplify the impact of any future gains or losses on book value. Overall, the balance sheet looks lighter, more focused, but still clearly leveraged.

Cash Flow

Cash Flow The cash flow picture is stronger and more stable than the earnings swings suggest. The business continues to generate solid cash from operations, although this has gradually declined as the company’s footprint has shrunk. Capital spending has been meaningful but disciplined, supporting network upgrades while still leaving room for healthy free cash flow most years. Free cash flow has eased down over time but remains clearly positive, which is important for servicing debt, funding buybacks or deals, and investing in new technology. In short, cash generation is a key strength, even if it is not as robust as it once was on the larger legacy footprint.

Competitive Edge

Competitive Edge Liberty Global is a major player in European broadband and pay‑TV, with strong positions in several markets and powerful joint ventures such as Virgin Media O2 in the UK and VodafoneZiggo in the Netherlands. Its network footprint, brand recognition, and ability to sell bundles of broadband, TV, and mobile services give it real scale advantages and help reduce customer churn. However, the competitive environment is tough. Fiber overbuilders, incumbent telecom operators, mobile‑only challengers, and low‑cost brands are all fighting for the same households, which pressures prices and limits growth. Some research providers now view the company as having little structural “moat,” arguing that telecom services are increasingly commoditized and capital‑intensive, with few sustained excess returns. Liberty Global’s competitive position is therefore solid in terms of assets and partnerships, but the industry context makes it hard to translate this into consistently strong profitability.

Innovation and R&D

Innovation and R&D Innovation at Liberty Global is focused less on traditional R&D labs and more on network technology, software, and customer experience. The company is pushing next‑generation broadband through DOCSIS 4.0 upgrades on its cable networks alongside targeted fiber‑to‑the‑home rollouts. This strategy aims to deliver very high speeds while keeping investment efficient. It is also leaning heavily into software and data: cloud‑based WiFi optimization, AI‑driven network management, and digital tools to personalize and simplify the customer journey. The partnership with Plume for smart WiFi is a good example of turning a commodity router into a differentiated home‑connectivity service. Looking forward, how well Liberty Global monetizes its advanced networks (including potential “NetCo” structures), uses analytics to cut costs and reduce churn, and adapts to shifting video and streaming habits will be central to its innovation story.

Summary

Liberty Global today looks like a leaner, more portfolio‑driven telecom group than it was a few years ago. The reported business has shrunk due to deals and asset sales, and operating profitability is now much thinner, though cash earnings from the core operations remain positive. The balance sheet is still clearly leveraged but less heavy than before, supported by ongoing free cash flow. Strategically, the company owns valuable network assets in attractive European markets, reinforced by large joint ventures and a clear focus on converged bundles and high‑speed connectivity. At the same time, it faces intense competition, regulatory and pricing pressure, and an industry where high investment needs and commoditized services limit the durability of any advantage. The main swing factors going forward are likely to be: how effectively Liberty Global executes its network upgrades, how much value it can unlock from its portfolio and potential infrastructure deals, and whether its digital and AI‑driven initiatives can translate into lower churn, better customer economics, and more stable long‑term returns in a structurally challenging sector.

NEWS

November 24, 2025 · 4:01 PM UTC

Liberty Global Schedules Investor Call for Full-Year 2025 Results

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October 30, 2025 · 8:00 AM UTC

Liberty Global Reports Q3 2025 Results

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October 29, 2025 · 11:30 AM UTC

Dr. John C. Malone to Transition to Chairman Emeritus of Liberty Global Ltd.

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October 27, 2025 · 4:01 PM UTC

Liberty Global to Present at the Morgan Stanley European Technology, Media & Telecom Conference

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September 29, 2025 · 7:30 AM UTC

Liberty Global Using Vecima Automation Solutions to Drive Network Simplification and Efficiency

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