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Liberty Global Ltd. (LBTYK) stock

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NASDAQ: LBTYK Nasdaq Cable & Satellite Next results ~November 3, 2026

C+ Fundamentals grade

Liberty Global Ltd. is a US-listed company in the cable & satellite industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: every model's value for Liberty Global Ltd. is far from the share price, which usually points to a data problem (a merger, a share-count change, a one-off) rather than a bargain or a bubble.

Price vs value

Under review: our cash-flow value ($76.30) was left out of our combined valuation (it is 9.17x the share price, outside the 0.2-5x range we accept), so it can't be the basis of a rating. We'll show the comparison once resolved.

Liberty Global Ltd. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 4 selling0 purchases and 13 sales by directors and officers, last 12 monthsInsider trades
  • Funds147 adding, 99 cuttingOf 36 active managers that changed their stake, 25 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Liberty Global files

Where Liberty Global stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $4.88bn, up 5.4% on a year earlier, slower than 12.7% a quarter earlier. Free-cash-flow margin fell to -5.2% from 9.5% a year earlier. Operating margin narrowed to -1.8% from 1.6%. The diluted share count is down 4.5% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 1 of our 7 financial-health checks.

Our model value for Liberty Global is under review, so past values are not shown until it is resolved.

Source: 10-Q filed July 24, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 3, 2026 (estimated)

Liberty Global Ltd.'s trailing-twelve-month revenue grew 17.4% year on year, with a free-cash-flow margin of -0.5%. Where it stands out: revenue growth of 17.4% ranks 1 of 5 cable & satellite companies we cover. Where it lags: stock pay as % of revenue of 3.2% ranks 5 of 5 cable & satellite companies we cover.

Our discounted-cash-flow model values the business at ~$76 per share in the base case (~$43–$120 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth accelerating: TTM revenue growth rose to 17.4% (+11.9pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 17.4% over the last 12 months, against a median of -1.5% for cable & satellite companies we cover.
  • Growth speeding up. The growth rate is 11.9 points higher than a quarter earlier.
  • Shrinking share count. Diluted shares fell 2.4% in a year, so each share owns more of the business.

Things to watch

  • Loss-making. Operating margin is -1.7%: costs exceed revenue.
  • Burning cash. Free cash flow was -0.5% of revenue over the last 12 months.
  • High debt. Long-term debt exceeds cash by $16.7bn, more than 1.5 times annual revenue.
  • Below peers: stock pay as % of revenue. Stock pay as % of revenue of 3.2% ranks 5 of 5 cable & satellite companies we cover (median 1.2%).
  • Heavily shorted. 10.1% of the shares available to trade are sold short (6.1 days of average volume to cover).

Latest results: FY2026 Q3

Filed November 3, 2026
Revenue
$1.92bn, up 59.1% on a year earlier
Share reaction
-6.3% in the first session after the results on October 14, 2026, against -0.8% for the S&P 500
Next report
November 3, 2026

Liberty Global's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+4.0%
  • 1 week+6.5%
  • 1 month-8.7%
  • This year-27.6%
  • 1 year-28.3%
  • 5 years-48.1%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$5.6B
Operating margin
-1.7%
Net margin
-44.4%
EPS (TTM, diluted)
$-7.24

Growth

Revenue growth
+17.4%
Change in growth rate
+11.9 pts
Share count change
−2.4%

Cash

Free cash flow (TTM)
-$28.9M
FCF margin
-0.5%
Stock pay % of revenue
3.2%

Earnings

Last results
October 14, 2026
Next results (est.)
January 11, 2027

News & updates

Updated November 3, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Partnership
  3. Announcement
  4. Announcement
  5. Announcement
  6. Regulatory
  7. Results
  8. Product
  9. Announcement
  10. Partnership
  11. Leadership
  12. Announcement
  13. Announcement
  14. Announcement
  15. Announcement
  16. Announcement
  17. Deal
  18. Announcement
  19. Announcement
  20. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Liberty Global Ltd. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: our cash-flow value ($76.30) was left out of our combined valuation (it is 9.17x the share price, outside the 0.2-5x range we accept), so it can't be the basis of a rating.

Our value per share comes from a discounted-cash-flow model of Liberty Global Ltd.'s free cash flow after stock-based pay ( $1.5B, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Liberty Global Ltd. as an operating company, with every model that fits that kind of business. Cost of equity 7.4%: the 10-year Treasury yield (4.9%) plus a beta of 0.55 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$76 ~$43–$120 Left out: out of range vs price (9.17x)
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: This model is withheld pending its input or assumption review.
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: This model is withheld pending its input or assumption review.
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: This model is withheld pending its input or assumption review.
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Liberty Global Ltd. with Cable & Satellite in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 2016201720182019202020212022202320242025Now
Share price$15.55$17.72$10.81$11.41$12.38$14.71$10.17$9.76$13.14$11.04$7.99
Market value$14.0bn$15.0bn$8.4bn$8.1bn$7.5bn$8.4bn$5.1bn$4.2bn$4.9bn$3.8bn$2.7bn
+ Net debt (− = net cash)$41.2bn$39.1bn$28.3bn$20.0bn$13.6bn$13.9bn$12.0bn$14.3bn$7.3bn$6.5bn$19.7bn
Enterprise value$55.2bn$54.1bn$36.7bn$28.1bn$21.1bn$22.3bn$17.1bn$18.5bn$12.3bn$10.3bn$22.5bn
Multiples
Price / sales 1.0x1.3x0.7x0.7x0.6x0.8x1.3x1.0x1.1x0.8x0.5x
Price / earnings 8.2x—11.6x0.7x—0.6x3.4x—3.1x——
Price / free cash flow 3.2x3.4x1.9x2.4x2.6x3.9x2.6x3.3x4.4x——
EV / EBITDA 9.7x11.8x7.8x6.7x4.9x6.1x14.2x20.4x13.0x10.1x18.1x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

60 /100

Moderate moat

How hard Liberty Global's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 10 / 20

    Cash operating profit has been a median 8.6% of total assets over 9 years.

  • Pricing power 17 / 20

    Gross margin has been a median 71.5%, moving by 5.5 percentage points (standard deviation) across 9 years.

  • Durability 0 / 20

    Operating margin has been a median 5.0%; its worst year was -5.3%.

  • Cash conversion 19 / 20

    Free cash flow was positive in 9 of 10 years, at a median 27.7% of revenue.

  • Discipline 19 / 20

    The diluted share count fell 40.0% over five years; stock-based pay has been a median 3.0% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (64 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 3, 2026, before the open. Analysts expect revenue of $2.0bn for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current — — $6.7bn +38%
Next — — $8.3bn +23%

Management guidance

Earnings release, October 14, 2026

No numeric guidance in Liberty Global Ltd.'s latest earnings release (filed October 14, 2026). Some companies give their outlook only on the earnings call.

Positioning

Short interest
10.1%
of tradable shares
Days to cover
6.1
at average volume
Short interest, 1 month
+14%
to October 15, 2026
Held by institutions
76%
of shares
Held by insiders
14.4%
of shares
Employees
6,636
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −28.3%

$11.15 on October 31, 2025 to $7.99

ThenNowEffect
Revenue (last 12 months) $4.6bn $4.9bn +5.4%
P/S multiple 0.9x 0.6x −35.1%
Share count 358m 342m +4.7%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years −12.6%

$9.15 on November 3, 2023 to $7.99

ThenNowEffect
Revenue (last 12 months) $4.1bn $4.9bn +18.4%
P/S multiple 1.0x 0.6x −45.2%
Share count 461m 342m +34.8%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
LBTYK+19%−31%−4%+35%−16%−28%
Industry peers (median)−2%−48%−3%−13%−32%−41%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
LBTYK67%42%42%50%33%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
LBTYK−11%−43%−27%−25%−31%−41%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 63% from November 3, 2015 to October 19, 2026. Getting back needed a 171% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$7.46 – $12.67
From 52-week high
−36.9%
vs 50-day average
−12.5%
vs 200-day average
−25.6%
Volatility (1 year)
34%
Beta vs S&P 500
0.45

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±5.2%
After a week
7 up, 5 down
typical move ±6.3%
After a month
10 up, 1 down
typical move ±11.3%
Results releasedNext dayS&P 500 next day5 days21 days
October 14, 2026 −6.3% −0.8% −8.4% —
July 24, 2026 −3.9% +0.1% +3.8% +5.1%
May 1, 2026 +1.5% −0.1% +4.2% +4.4%
February 18, 2026 +7.3% +0.2% +12.6% +5.2%
October 30, 2025 +2.5% −0.8% −0.6% +4.7%
August 1, 2025 +8.4% −0.1% +9.6% +15.4%
May 2, 2025 −14.1% +0.9% −16.4% −13.2%
February 18, 2025 +2.0% +0.5% +5.9% +9.4%
October 30, 2024 −3.3% −2.3% −3.8% +31.0%
October 29, 2024 −4.1% −0.1% −2.5% +28.5%
July 25, 2024 +4.7% +0.6% +4.2% +2.6%
May 1, 2024 +4.7% +0.6% +3.7% +4.3%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Liberty Global Ltd. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Liberty Global Ltd.
$4B $5B $6B $7B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $6.6B Revenue (TTM), FY24 Q1: $5.8B Revenue (TTM), FY24 Q2: $5B Revenue (TTM), FY24 Q3: $4.2B Revenue (TTM), FY24 Q4: $4.3B Revenue (TTM), FY25 Q1: $4.4B Revenue (TTM), FY25 Q2: $4.6B Revenue (TTM), FY25 Q3: $4.8B Revenue (TTM), FY25 Q4: $4.9B Revenue (TTM), FY26 Q1: $5B Revenue (TTM), FY26 Q2: $4.9B Revenue (TTM), FY26 Q3: $5.6B $5.6B

Source: SEC EDGAR filings. Retrieved November 3, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $6.6B
FY24 Q1 $5.8B
FY24 Q2 $5B
FY24 Q3 $4.2B
FY24 Q4 $4.3B
FY25 Q1 $4.4B
FY25 Q2 $4.6B
FY25 Q3 $4.8B
FY25 Q4 $4.9B
FY26 Q1 $5B
FY26 Q2 $4.9B
FY26 Q3 $5.6B
Revenue growth, TTM YoY Liberty Global Ltd.
-50% 0% 50% 100% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 64.2% Revenue growth, TTM YoY, FY24 Q1: 44.3% Revenue growth, TTM YoY, FY24 Q2: 21.8% Revenue growth, TTM YoY, FY24 Q3: 0.2% Revenue growth, TTM YoY, FY24 Q4: -34.2% Revenue growth, TTM YoY, FY25 Q1: -24.0% Revenue growth, TTM YoY, FY25 Q2: -7.8% Revenue growth, TTM YoY, FY25 Q3: 12.4% Revenue growth, TTM YoY, FY25 Q4: 12.4% Revenue growth, TTM YoY, FY26 Q1: 12.7% Revenue growth, TTM YoY, FY26 Q2: 5.4% Revenue growth, TTM YoY, FY26 Q3: 17.4% 17.4%

Source: SEC EDGAR filings. Retrieved November 3, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 64.2%
FY24 Q1 44.3%
FY24 Q2 21.8%
FY24 Q3 0.2%
FY24 Q4 -34.2%
FY25 Q1 -24.0%
FY25 Q2 -7.8%
FY25 Q3 12.4%
FY25 Q4 12.4%
FY26 Q1 12.7%
FY26 Q2 5.4%
FY26 Q3 17.4%
Operating margin (TTM) Liberty Global Ltd.
-8% -6% -4% -2% 0% 2% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: -4.8% Operating margin (TTM), FY24 Q1: -5.9% Operating margin (TTM), FY24 Q2: -6.2% Operating margin (TTM), FY24 Q3: -4.3% Operating margin (TTM), FY24 Q4: -1.4% Operating margin (TTM), FY25 Q1: 0.3% Operating margin (TTM), FY25 Q2: 1.6% Operating margin (TTM), FY25 Q3: 0.7% Operating margin (TTM), FY25 Q4: -0.5% Operating margin (TTM), FY26 Q1: -1.2% Operating margin (TTM), FY26 Q2: -1.8% Operating margin (TTM), FY26 Q3: -1.7% -1.7%

Source: SEC EDGAR filings. Retrieved November 3, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 -4.8%
FY24 Q1 -5.9%
FY24 Q2 -6.2%
FY24 Q3 -4.3%
FY24 Q4 -1.4%
FY25 Q1 0.3%
FY25 Q2 1.6%
FY25 Q3 0.7%
FY25 Q4 -0.5%
FY26 Q1 -1.2%
FY26 Q2 -1.8%
FY26 Q3 -1.7%
FCF margin (TTM) Liberty Global Ltd.
-20% 0% 20% 40% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 18.9% FCF margin (TTM), FY24 Q1: 23.3% FCF margin (TTM), FY24 Q2: 26.5% FCF margin (TTM), FY24 Q3: 36.8% FCF margin (TTM), FY24 Q4: 25.9% FCF margin (TTM), FY25 Q1: 22.0% FCF margin (TTM), FY25 Q2: 9.5% FCF margin (TTM), FY25 Q3: 3.6% FCF margin (TTM), FY25 Q4: -2.7% FCF margin (TTM), FY26 Q1: -6.2% FCF margin (TTM), FY26 Q2: -5.2% FCF margin (TTM), FY26 Q3: -0.5% -0.5%

Source: SEC EDGAR filings. Retrieved November 3, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 18.9%
FY24 Q1 23.3%
FY24 Q2 26.5%
FY24 Q3 36.8%
FY24 Q4 25.9%
FY25 Q1 22.0%
FY25 Q2 9.5%
FY25 Q3 3.6%
FY25 Q4 -2.7%
FY26 Q1 -6.2%
FY26 Q2 -5.2%
FY26 Q3 -0.5%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 9.1 9.9 14.5 18.2 17.1 13.7 11.3 12.0 11.5 11.5 10.3 4.0 4.1 4.3 4.9 5.6
Gross profit — — — — — 10.2 8.3 8.7 8.4 8.2 7.3 3.0 2.8 2.9 3.2 3.8
EBITDA 4.2 4.6 6.3 7.7 7.7 5.7 4.6 4.7 4.2 4.3 3.7 1.2 0.9 0.9 1.0 1.2
Operating income 1.8 2.0 2.0 2.2 2.1 1.6 0.8 0.8 0.7 2.0 1.3 0.1 −0.3 −0.1 −0.0 −0.1
Net income −0.8 0.3 −1.0 −0.7 −1.2 1.7 −2.8 0.7 11.5 −1.6 13.4 1.5 −4.1 1.6 −7.1 −2.5
Diluted EPS −$1.27 $0.52 −$1.24 −$0.87 — — — −$1.97 $16.32 −$2.70 $23.59 $2.96 −$9.52 $4.23 −$20.86 −$7.24
Growth (year on year)
Revenue — +8.9% +45.8% +26.1% −6.5% −19.5% −17.9% +6.0% −3.5% +0.0% −10.7% −61.0% +2.4% +5.5% +12.4% +17.4%
EBITDA — +9.4% +35.4% +22.9% −0.2% −26.2% −19.4% +2.5% −10.5% +1.2% −13.7% −67.2% −25.0% +4.4% +7.8% +18.6%
Operating income — +8.8% +1.5% +10.7% −5.7% −25.3% −49.5% +5.9% −21.4% +207.8% −35.0% −91.7% −385.5% — — —
Net income — — −398.6% — — — −262.9% — +>999% −114.1% — −89.0% −375.0% — −549.5% —
Diluted EPS — — −338.3% — — — — — — −116.5% — −87.5% −421.6% — −593.1% —
Margins
Gross margin — — — — — 74.5% 73.6% 72.9% 72.9% 71.2% 70.7% 73.5% 68.8% 66.6% 65.8% 67.5%
EBITDA margin 46.6% 46.8% 43.4% 42.4% 45.2% 41.4% 40.6% 39.3% 36.4% 36.9% 35.6% 30.0% 21.9% 21.7% 20.8% 22.1%
Operating margin 20.0% 20.0% 13.9% 12.2% 12.3% 11.4% 7.0% 7.0% 5.7% 17.6% 12.8% 2.7% −7.6% −1.4% −0.5% −1.7%
Net margin −8.5% 3.3% −6.7% −3.8% −6.8% 12.4% −24.6% 6.1% 99.8% −14.1% 130.2% 36.7% −98.4% 36.6% −146.3% −44.4%
Free-cash-flow margin 8.9% 10.6% 10.0% 16.0% 20.3% 32.1% 39.5% 37.7% 29.6% 25.1% 20.8% 48.5% 30.2% 25.9% −2.7% −0.5%
Cash flow
Cash from operations 2.7 2.9 3.9 5.6 5.7 5.9 5.7 6.0 4.6 4.2 3.5 2.8 2.2 2.0 1.2 1.6
Capital spending 1.9 1.9 2.5 2.7 2.3 1.5 1.3 1.5 1.2 1.3 1.4 0.9 0.9 0.9 1.3 1.6
Free cash flow 0.8 1.1 1.4 2.9 3.5 4.4 4.5 4.5 3.4 2.9 2.1 1.9 1.2 1.1 −0.1 −0.0
Stock-based pay 0.1 0.1 0.3 0.3 0.3 0.3 0.2 0.2 0.3 0.3 0.3 0.2 0.2 0.2 0.2 0.2
Free cash flow after stock pay 0.7 0.9 1.1 2.7 3.1 4.1 4.3 4.3 3.1 2.5 1.8 1.8 1.0 1.0 −0.3 −0.2
Balance sheet
Cash 1.7 2.0 2.7 1.1 0.7 1.1 1.7 1.5 8.1 1.3 0.9 1.7 1.4 1.8 2.1 2.0
Total debt 0.0 27.5 44.7 46.2 46.7 42.3 40.8 29.8 28.2 14.9 14.8 13.8 15.7 9.1 8.6 21.8
Net debt (negative = net cash) −1.7 25.5 42.0 45.1 46.0 41.2 39.1 28.3 20.0 13.6 13.9 12.0 14.3 7.3 6.5 19.7
Diluted shares 608m 616m 775m 920m — 900m 848m 779m 706m 602m 569m 497m 426m 375m 342m 344m
Returned to shareholders
Buybacks 0.9 1.0 1.2 1.6 2.3 2.0 3.0 2.0 3.2 1.1 1.6 1.7 1.5 0.7 0.2 0.1
Total returned 0.9 1.0 1.2 1.6 2.3 2.0 3.0 2.0 3.2 1.1 1.6 1.7 1.5 0.7 0.2 0.1

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

0 of 7 checks passed · September 30, 2026
What it owns · $38.1bn
Short-term assets $4.5bnLonger-term assets $33.6bn
What it owes, and who funded it · $37.3bn
Short-term liabilities $5.4bnLonger-term liabilities $22.3bnShareholders' equity $9.6bn
  • Short-term assets cover short-term liabilities $4.5bn of assets due within a year against $5.4bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $4.5bn short-term assets against $22.3bn of longer-dated liabilities.
  • More cash than debt $2.0bn of cash against $20.5bn of debt.
  • Debt below 40% of shareholders' equity Debt is 214% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 53% to 214% over five years.
  • A year's operating cash flow covers at least 20% of debt $1.6bn of operating cash flow against $20.5bn of debt.
  • Operating profit covers interest at least five times over Operating income of −$97m against $621m of interest.

From Liberty Global Ltd.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$134M
Returned to shareholders
-463%
of free cash flow
Buybacks, last 3 fiscal years
$2.4B
Diluted share count
−2.4%
year over year
Total shareholder yield
4.6%
dividends 0.0% + buybacks 4.6% of market value
Sales & admin spending
25.4%
of revenue
Days sales outstanding
42 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in cable & satellite
Last 12 months unless stated LBTYK OPTU CABO CHTR CMCSA Median
Revenue, last 12 months $5.6bn $8.4bn $1.4bn $54.4bn $123.0bn $8.4bn
Revenue growth, last 12 months 17.4% −4.4% −6.5% −1.5% −0.2% −1.5%
Revenue growth, 3-year average 9.8% −3.7% −5.3% −0.1% 0.6% −0.1%
Revenue growth, latest quarter 59.1% −5.8% −8.4% −1.7% −6.1% −5.8%
Gross margin 67.5% 69.9% — — — 68.7%
Operating margin −1.7% −35.3% −17.5% 23.3% 14.7% −1.7%
Operating margin, 3-year average −1.8% −0.1% 0.3% 23.5% 17.1% 0.3%
Net margin −44.4% −58.1% −72.8% 9.1% 9.2% −44.4%
Cash from operations / revenue 28.1% 12.3% 37.5% 30.3% 25.8% 28.1%
Free-cash-flow margin −0.5% −2.5% 17.5% 8.0% 13.9% 8.0%
Free-cash-flow margin, 3-year average 13.3% 0.4% 19.3% 7.3% 12.5% 12.5%
Stock pay / revenue 3.2% 0.6% 2.4% 1.2% 1.1% 1.2%
Change in share count −2.4% 0.1% 6.0% −11.0% −4.4% −2.4%

Median of all 5 companies we cover in cable & satellite. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

5 cable & satellite companies
Measure Company Peer median Rank
Revenue growth Growth 17.4% -1.5% 1 of 5
Change in growth rate Growth +11.9pp -0.6pp 1 of 5
Operating margin Profitability -1.7% -1.7% 3 of 5
Net margin Profitability -44.4% -44.4% 3 of 5
Free-cash-flow margin Cash generation -0.5% 8.0% 4 of 5
Stock pay as % of revenue Cash generation 3.2% 1.2% 5 of 5
Long-term debt as % of assets Balance sheet 49.2% 59.7% 2 of 5
Change in share count Balance sheet -2.4% -2.4% 3 of 5

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue YoY
Telenet $3.2B ▲ 4.0%
Ireland $495M ▲ 0.7%

These categories overlap or exclude eliminations, so shares aren't shown.

Products and services
Line of business Revenue YoY
Residential $2.4B ▲ 3.0%
Total Residential Fixed Revenue $1.8B ▲ 3.3%
Total Subscription Revenue $1.7B ▲ 3.0%
Other Category $1.5B ▲ 36.1%
Broadb and Internet $950M ▲ 6.6%
Businessto Business $899M ▲ 6.7%
Mobile Residential $669M ▲ 2.0%
Video $600M ▲ 0.4%
Mobile Subscription $500M ▲ 2.7%
Businessto Business Non Subscription $452M ▲ 9.9%
Businessto Business Subscription $447M ▲ 3.6%
Fixed Line Telephony $186M ▼ 5.2%
Mobile Non Subscription $169M ▼ 0.1%
Non Subscription Revenue $27.6M ▲ 27.8%

These categories overlap or exclude eliminations, so shares aren't shown.

From Liberty Global Ltd.'s 10-K filed February 18, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$1.2B
Institutions reporting
270
Shares held vs prior quarter
▲ 2.7%
Positions opened / closed
35 / 32

Top buyers and sellers, Q2 2026: 147 institutions bought and 99 sold ; the biggest buyer was ACR Alpine Capital Research, LLC (+2.0M shares) and the biggest seller Dodge & Cox (−5.3M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $102M 9.3M 8.3% ▲ 7.0%
Rubric Capital Management LP $102M 9.3M 8.2% 0.0%
ACR Alpine Capital Research, LLC $97.3M 8.8M 7.9% ▲ 28.4%
Baupost Group LLC $94M 8.5M 7.6% ▼ 36.2%
Dimensional Fund Advisors LP $87.7M 8.0M 7.1% ▲ 0.7%
American Century Companies Inc $47.9M 4.4M 3.9% ▲ 2.9%
Oppenheimer Asset Management Inc. $45.6M 4.1M 3.7% ▲ 3.5%
State Street Corp $43.2M 3.9M 3.5% ▲ 17.4%
Envestnet Asset Management Inc $40.8M 3.7M 3.3% ▲ 3.6%
Charles Schwab Investment Management Inc $32.5M 3.0M 2.6% ▲ 0.5%
Los Angeles Capital Management LLC $29M 2.6M 2.3% ▲ 218.5%
Geode Capital Management, LLC $28.7M 2.6M 2.3% ▼ 1.4%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Liberty Global Ltd.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $5.1M 13 trades by 4 insiders · 0% under pre-set plans
Net ▼ $5.1M net selling
Insider Date Trade Shares Price Value
Wargo J David Director June 16, 2026 Sell 10,000 $11.92 $119,200
Wargo J David Director June 16, 2026 Sell 45,000 $11.46 $515,700
Bracken Charles H R EVP & CFO June 11, 2026 Sell 62,448 $11.60 $724,397
Bracken Charles H R EVP & CFO June 11, 2026 Sell 53,011 $12.03 $637,722
Waldron Jason SVP & CAO May 5, 2026 Sell 11,560 $11.91 $137,680
Waldron Jason SVP & CAO May 5, 2026 Sell 14,751 $11.62 $171,407
Gould Paul A Director March 20, 2026 Sell 20,000 $11.49 $229,800
Gould Paul A Director March 19, 2026 Sell 15,000 $11.99 $179,850
Gould Paul A Director March 19, 2026 Sell 10,000 $11.55 $115,500
Gould Paul A Director March 18, 2026 Sell 20,000 $11.86 $237,200
Gould Paul A Director March 18, 2026 Sell 35,000 $12.07 $422,450
Gould Paul A Director March 17, 2026 Sell 100,000 $12.19 $1.2M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 10 trades and filings

No trades in Liberty Global Ltd. disclosed in the last 12 months; 10 earlier trades on record.

  • Thomas H. Kean, Jr.(R-NJ 7):Exchange, $15,001 - $50,000, traded November 13, 2024, filed December 16, 2024
  • Thomas H. Kean, Jr.(R-NJ 7):Exchange, $1,001 - $15,000, traded November 13, 2024, filed December 16, 2024
  • Daniel S. Goldman(D-NY 10):Sale (full), $1,001 - $15,000, traded July 12, 2023, filed August 13, 2023

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 11, 2027 estimated from the company's past filing pattern, not announced

  • October 14, 2026
  • July 24, 2026
  • May 1, 2026
  • February 18, 2026
  • October 30, 2025
  • August 1, 2025

Recent SEC filings

Data status

When each part of this page on Liberty Global Ltd. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Liberty Global Ltd. in brief

What does Liberty Global Ltd. do?
Liberty Global Ltd. is a US-listed company in the cable & satellite industry. Its financial year ends in December.
What is Liberty Global Ltd.'s stock ticker?
Liberty Global Ltd. trades under the ticker LBTYK on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Liberty Global Ltd.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Liberty Global Ltd. reported revenue of $5.6B, 17.4% higher than a year earlier, according to its SEC filings.
What is Liberty Global Ltd.'s free cash flow?
Liberty Global Ltd.'s free-cash-flow margin is -0.5% of revenue over the trailing twelve months, ranking 4 of the 5 cable & satellite companies we cover.
Who are Liberty Global Ltd.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Rubric Capital Management LP and ACR Alpine Capital Research, LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Liberty Global Ltd. buying back stock, and does it pay a dividend?
Liberty Global Ltd. spent $134M on share repurchases over the trailing twelve months, and its diluted share count fell 2.4% over the year.
What is Liberty Global Ltd.'s market cap?
On November 2, 2026, Liberty Global Ltd.'s market capitalisation was about $2.7B and net debt of $19.7B. Market figures come from third-party market data and may be delayed.
How much debt does Liberty Global Ltd. have?
Liberty Global Ltd.'s debt-to-equity ratio is 213.9%, from its latest balance sheet (53.0% five years earlier). The financial health section below sets out its other solvency checks.
Who are Liberty Global Ltd.'s competitors?
In our Cable & Satellite peer group, the companies closest to Liberty Global Ltd. are Optimum Communications, Inc., Cable One, Inc., Charter Communications and Comcast. The side-by-side comparison below sets their revenue, margins and growth against Liberty Global Ltd.'s.
Are insiders buying or selling Liberty Global Ltd. stock?
Over the last 12 months, Liberty Global Ltd.'s directors and officers reported 0 open-market purchases and 13 sales on Form 4. The insider trading page charts every trade.
When is Liberty Global Ltd.'s next earnings date?
Around November 3, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Liberty Global Ltd. announces its own schedule.