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LBTYK

Liberty Global plc

LBTYK

Liberty Global plc • NASDAQ
$11.48 ▲ 0.79% (+0.09)
Market Cap $3.87 B
52w High $14.76
52w Low $9.21
Dividend Yield 0%
P/E -1.89
Volume 354.99K
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
 $0 ▲$210.00M ▲$230.00M ▲$230.00M ▲
Other Category
Other Category
 $280.00M ▲$400.00M ▲$440.00M ▲$350.00M ▼
Residential
Residential
 $0 ▲$560.00M ▲$610.00M ▲$620.00M ▲
Total Residential Fixed Revenue
Total Residential Fixed Revenue
 $0 ▲$410.00M ▲$440.00M ▲$460.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has shrunk sharply over the past five years, mainly reflecting asset sales and portfolio reshaping rather than a simple collapse in demand. The core operations still generate healthy gross profit, but operating profit has recently hovered around break-even, showing pressure from competition, costs, and ongoing investments. Earnings at the bottom line are extremely volatile, swinging between large profits and large losses, driven by one‑off gains, disposals, and accounting items rather than stable underlying performance. In short, the income statement tells a story of a business in transition, with decent operating foundations but noisy and hard‑to‑predict reported earnings.

Balance Sheet

Balance Sheet The balance sheet has been significantly slimmed down as assets have been sold or deconsolidated, which has also reduced debt from earlier, more heavily leveraged levels. Equity has come down too, but the company still maintains a meaningful capital base relative to its size. Cash on hand is moderate, not excessive, but supported by solid cash generation from operations. Overall, leverage is still an important factor to watch, but the direction over several years has been toward a simpler, less burdened balance sheet, consistent with a firm actively reshaping its portfolio rather than rapidly expanding it.

Cash Flow

Cash Flow Despite the swings in reported profits, cash generation from operations has remained steady and comfortably positive. The business has consistently produced free cash flow even as it continues to invest in its networks and systems, and capital spending has eased somewhat compared with earlier years. This gap between volatile accounting earnings and relatively stable cash flow suggests that the underlying connectivity businesses are fairly resilient, even while strategy and structure are changing. Cash flow is one of the clearer strengths in the financial profile, though the trend is flatter to slightly down as the company has become smaller.

Competitive Edge

Competitive Edge Liberty Global operates in mature European telecom markets where high-speed broadband and mobile data are essential but heavily contested. Its main edge lies in owning dense, upgraded cable and fiber networks and in offering bundled fixed and mobile services, which can make customers stickier. The strategy of building “national champions” through joint ventures gives it scale in key countries, but it still faces intense price competition, strict regulation, and well-funded rivals such as incumbent telecom operators and other cable and mobile players. External research that labels the company as having “no moat” underlines that, while it has real assets and capabilities, its advantage is not unassailable and margins remain under pressure.

Innovation and R&D

Innovation and R&D Innovation at Liberty Global is less about lab-style R&D and more about large-scale technology deployment and platform development. The company is pushing next‑generation broadband via fiber and DOCSIS 4.0, rolling out 5G, and integrating fixed and mobile networks to deliver seamless bundles. It is adopting AI to optimize networks and automate customer service, and moving to cloud-based control platforms for connectivity and in‑home services. On the product side, its entertainment platform and smart-home, cybersecurity, and value‑added services aim to differentiate it from basic connectivity providers. The Liberty Growth investment arm adds another layer of innovation exposure by backing emerging tech and infrastructure plays, though this also introduces execution and valuation risk.

Summary

Liberty Global today looks like a leaner, more financially disciplined telecom and media group that has traded some size and simplicity for a portfolio of joint ventures and investments. Revenues and assets have declined as the company has sold and reshaped businesses, but the remaining operations still generate solid cash flow, even though operating profit is thin and reported earnings are highly erratic. The balance sheet has been de‑risked compared with the past, though debt is still a central consideration. Competitively, Liberty Global benefits from strong network infrastructure and converged offerings, but operates in tough markets with heavy regulation and aggressive rivals. Its future hinges on successful network upgrades, monetizing infrastructure and investments, and extracting more value from the platforms and technologies it is building, all in an industry where capital needs and pricing pressure remain persistent challenges.

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