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LBTYB

Liberty Global plc

LBTYB

Liberty Global plc • NASDAQ
$11.40 ▲ 1.33% (+0.15)
Market Cap $3.84 B
52w High $14.91
52w Low $9.15
Dividend Yield 0%
P/E -1.88
Volume 2.06K
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 Q2-2024Q3-2024Q4-2024Q1-2025
Business to Business
Business to Business
 $380.00M ▲$400.00M ▲$70.00M ▼$210.00M ▲
Other Category
Other Category
 $270.00M ▲$270.00M ▲$590.00M ▲$400.00M ▼
Residential
Residential
 $1.23Bn ▲$1.27Bn ▲$0 ▼$560.00M ▲
Total Residential Fixed Revenue
Total Residential Fixed Revenue
 $730.00M ▲$750.00M ▲$230.00M ▼$410.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Liberty Global’s profit and loss profile is choppy and heavily shaped by big deals and one‑off items. Revenue has stepped down compared with a few years ago, likely reflecting asset sales and portfolio reshaping rather than a collapse in the underlying business. The core operations still generate healthy gross profit, but operating profit has slipped into modest losses in recent years, showing pressure from costs, restructuring, and investments. Net income swings sharply from large profits to sizable losses from year to year, which suggests significant gains and charges flowing through the income statement. In short, earnings quality looks volatile, and reported profit alone doesn’t give a steady picture of underlying performance, even though EBITDA indicates the business remains fundamentally profitable before non‑cash and exceptional items.

Balance Sheet

Balance Sheet The balance sheet shows a company that has been slimming down and reshaping itself. Total assets have been reduced meaningfully over time, again pointing to divestments and simplification. Debt remains substantial but has edged lower, while cash balances are moderate, giving some liquidity cushion but not an excess war chest. Shareholder equity has moved around a lot, reflecting volatile earnings, share activity, and major transactions. Overall, Liberty Global looks like a still‑leveraged telecom and media platform that has been actively reconfiguring its asset base rather than a stable, slow‑changing utility‑style balance sheet.

Cash Flow

Cash Flow Cash generation is one of the clearer strengths. The company consistently produces solid cash flow from its operations, and this comfortably covers its capital spending needs. Free cash flow remains positive, although it has trended down from earlier years, suggesting less headroom than before but still a meaningful cash engine. This pattern indicates that, despite accounting volatility and strategic reshuffling, the underlying networks and services continue to throw off cash that can be used for debt service, buybacks, or further investments, depending on management’s priorities.

Competitive Edge

Competitive Edge Liberty Global operates in mature, highly competitive European telecom markets where network quality, brand, and bundling matter most. Its historical edge has come from owning extensive cable and fiber networks and offering bundles of broadband, TV, and mobile that keep customers within its ecosystem. However, competition from pure fiber players, mobile‑only challengers, and other large incumbents has eroded that advantage. Analysts increasingly question whether it still enjoys a durable structural moat, citing both intensifying rivalry and a complex web of joint ventures and local entities. The company’s scale, deal‑making experience, and ability to shape “national champions” give it real strengths, but its competitive lead is not unassailable and must be constantly defended through investment and execution.

Innovation and R&D

Innovation and R&D Innovation is a core part of Liberty Global’s strategy. The company is upgrading its cable networks to the latest DOCSIS standard while also rolling out more full‑fiber lines, positioning itself for multi‑gigabit speeds and the long‑term “10G” vision. On the mobile side, it is leaning into 5G to support converged fixed‑mobile offerings. The Horizon entertainment platform, enhanced by a partnership with Infosys and generative AI, aims to differentiate the user experience by aggregating streaming apps, live TV, and personalized features in one place. Beyond connectivity, Liberty Global is experimenting with edge computing, data centers, AI‑driven operations, and circular economy initiatives like refurbishing network gear. These efforts show a forward‑looking mindset, but their ultimate payoff depends on execution quality and how quickly rivals match or leapfrog similar capabilities.

Summary

Liberty Global today looks like a reshaping telecom and media infrastructure company: still cash‑generative, but with more volatile earnings and a less straightforward story than a traditional phone or cable operator. Its financials reflect a mix of solid underlying cash flow and significant one‑offs from asset sales and restructuring, which can obscure the true run‑rate performance. The balance sheet remains leveraged but appears actively managed as the portfolio evolves. Competitively, Liberty Global still benefits from network scale, bundled offerings, and sophisticated technology, yet faces mounting pressure from fiber upstarts and other large players, and its moat is not as clear‑cut as in the past. Its heavy bets on next‑generation networks, AI‑enabled platforms, and sustainability initiatives underscore a strong innovation agenda—one that could strengthen its position if delivered well, but also brings execution and complexity risks that observers should keep in mind when assessing its long‑term trajectory.

NEWS

October 29, 2025 · 11:30 AM UTC

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

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September 29, 2025 · 7:30 AM UTC

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

Read more