Liberty Global Ltd. income statement
In fiscal 2025, Liberty Global Ltd. reported revenue of $4.88bn, up 12.4% on the year before, operating income of −$23.3m (a -0.5% margin) and net income of −$7.14bn, or −$20.86 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Cost of revenue | — | — | — | — | — | 3.5 | 3.0 | 3.2 | 3.1 | 3.3 | 3.0 | 1.1 | 1.3 | 1.5 | 1.7 | 1.8 |
| Gross profit | — | — | — | — | — | 10.2 | 8.3 | 8.7 | 8.4 | 8.2 | 7.3 | 3.0 | 2.8 | 2.9 | 3.2 | 3.8 |
| Selling, general and administrative | 1.7 | 1.9 | 2.6 | 3.2 | 2.9 | 2.5 | 2.0 | 2.0 | 2.0 | 2.2 | 2.2 | 1.0 | 1.1 | 1.1 | 1.2 | 1.4 |
| 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 |
| Interest expense | 1.5 | 1.7 | 2.3 | 2.5 | 2.3 | 1.9 | 1.4 | 1.5 | 1.4 | 1.2 | 0.9 | 0.6 | 0.9 | 0.6 | 0.5 | 0.6 |
| Income before tax | −0.6 | −0.5 | −0.5 | −1.1 | −0.8 | 0.2 | −2.1 | 0.2 | −1.2 | −1.8 | 14.0 | 1.2 | −3.4 | 1.8 | −7.2 | −2.8 |
| Income tax | 0.2 | 0.1 | 0.4 | −0.1 | 0.3 | −1.4 | 0.2 | 1.6 | 0.2 | −0.3 | 0.5 | 0.4 | 0.2 | −0.0 | −0.1 | −0.4 |
| 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 |
| Diluted shares (average) | 608m | 616m | 775m | 920m | — | 900m | 848m | 779m | 706m | 602m | 569m | 497m | 426m | 375m | 342m | 344m |
| 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 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,123 | 1,171 | 1,269 | 1,207 | 1,231 | 1,275 | 1,172 | 1,921 |
| Cost of revenue | 399 | 403 | 465 | 393 | 409 | 427 | 375 | 607 |
| Gross profit | 724 | 768 | 804 | 814 | 822 | 848 | 797 | 1,313 |
| Selling, general and administrative | 320 | 285 | 305 | 308 | 330 | 299 | 312 | 482 |
| Operating income | −48 | 61 | 30 | −8 | −106 | 24 | 3 | −18 |
| Interest expense | 141 | 128 | 130 | 123 | 117 | 114 | 116 | 274 |
| Income before tax | 2,244 | −1,393 | −2,773 | −130 | −2,876 | 534 | −335 | −105 |
| Income tax | −91 | −70 | 1 | −47 | 40 | 175 | 23 | −652 |
| Net income | 2,244 | −1,337 | −2,793 | −91 | −2,917 | 338 | −365 | 458 |
| Diluted EPS | $6.11 | −$3.84 | −$8.09 | −$0.27 | −$8.60 | $0.96 | — | $1.32 |
| EBITDA | 203 | 293 | 280 | 268 | 174 | 289 | 266 | 511 |
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