NASDAQ : LBTYA
Liberty Global Ltd. — Financial statements
Communication Services · Telecom Services · Bermuda
Last price 7.77 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 2.65B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Liberty Global Ltd. (LBTYA) reported revenue of 4.88B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 4.88B | 4.88B | 4.34B | 4.12B | 4.02B | 10.31B |
| Cost of Revenue | 1.60B | 1.67B | 1.45B | 1.29B | 1.07B | 3.02B |
| Gross Profit | 3.28B | 3.21B | 2.89B | 2.83B | 2.95B | 7.29B |
| Selling, General & Admin | 1.25B | 1.23B | 1.14B | 1.12B | 1.01B | 2.16B |
| Other Operating Expenses | 873.90M | 856.50M | 745.50M | 795.80M | 677.70M | 1.47B |
| Operating Expenses | 3.22B | 3.13B | 2.91B | 3.14B | 2.78B | 5.99B |
| Operating Income | 60.80M | 74.90M | -14.10M | -313.80M | 172.20M | 1.30B |
| Interest Expense | -470.10M | -497.50M | -574.70M | -505.00M | -300.90M | -882.10M |
| Interest & Investment Income | 16.60M | 98.10M | 199.30M | |||
| Earnings From Equity Investments | -3.09B | -3.19B | -205.60M | -2.02B | -1.27B | -175.40M |
| Currency Exchange Gain (Loss) | 357.40M | -3.12B | 1.76B | -719.70M | 1.30B | 1.32B |
| Other Non Operating Income (Expenses) | 315.80M | -361.90M | 356.30M | 32.60M | 955.40M | 11.68B |
| EBT Excluding Unusual Items | -2.81B | -6.99B | 1.52B | -3.52B | 857.20M | 13.25B |
| Merger & Restructuring Charges | -97.20M | -55.90M | -25.30M | |||
| Gain (Loss) on Sale of Investments | 165.40M | -59.80M | -67.00M | -298.10M | -317.00M | 820.60M |
| Gain (Loss) on Sale of Assets | -800.00K | 242.90M | 700.50M | |||
| Asset Writedown | -49.60M | -42.30M | -62.30M | 19.00M | ||
| Legal Settlements | -20.70M | |||||
| Other Unusual Items | -20.10M | -20.10M | 190.70M | 376.40M | -90.60M | |
| Pretax Income | -2.81B | -7.17B | 1.84B | -3.45B | 1.18B | 14.00B |
| Income Tax Expense | 191.50M | -75.80M | -30.80M | 213.10M | 406.70M | 473.30M |
| Earnings From Continuing Operations | -3.00B | -7.10B | 1.87B | -3.66B | 771.70M | 13.53B |
| Earnings From Discontinued Operations | -223.20M | -214.70M | 1.21B | 82.60M | ||
| Net Income to Company | -3.00B | -7.10B | 1.65B | -3.87B | 1.99B | 13.61B |
| Minority Interest in Earnings | -36.00M | -41.40M | -57.90M | -177.90M | -513.10M | -183.30M |
| Net Income | -3.04B | -7.14B | 1.59B | -4.05B | 1.47B | 13.43B |
| Net Income to Common | -3.04B | -7.14B | 1.59B | -4.05B | 1.47B | 13.43B |
| Shares Outstanding (Basic) | 337.87M | 342.27M | 366.73M | 425.68M | 489.56M | 555.70M |
| Shares Outstanding (Diluted) | 337.87M | 342.27M | 375.18M | 425.68M | 496.99M | 569.11M |
| EPS (Basic) | -8.98 | -20.86 | 4.33 | -9.52 | 3.01 | 24.16 |
| EPS (Diluted) | -8.99 | -20.86 | 4.23 | -9.52 | 2.96 | 23.60 |
| Free Cash Flow | -254.80M | -132.00M | 1.12B | 1.24B | 1.95B | 2.14B |
| Free Cash Flow Per Share | -0.75 | -0.39 | 3.00 | 2.92 | 3.92 | 3.76 |
| Gross Margin | 67.17% | 65.76% | 66.59% | 68.77% | 73.46% | 70.73% |
| Operating Margin | 1.24% | 1.54% | -0.33% | -7.62% | 4.29% | 12.62% |
| Profit Margin | -62.14% | -146.32% | 36.57% | -98.44% | 36.67% | 130.21% |
| Free Cash Flow Margin | -5.22% | -2.71% | 25.90% | 30.23% | 48.45% | 20.76% |
| EBITDA | 1.14B | 1.11B | 987.90M | 902.60M | 1.27B | 3.65B |
| EBITDA Margin | 23.42% | 22.83% | 22.75% | 21.93% | 31.51% | 35.45% |
| D&A For EBITDA | 1.08B | 1.04B | 1.00B | 1.22B | 1.09B | 2.35B |
| EBIT | 60.80M | 74.90M | -14.10M | -313.80M | 172.20M | 1.30B |
| EBIT Margin | 1.24% | 1.54% | -0.33% | -7.62% | 4.29% | 12.62% |
| Effective Tax Rate | 34.51% | 3.38% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.42B | 2.08B | 1.82B | 1.41B | 1.73B | 910.60M |
| Short-Term Investments | 76.20M | 335.60M | 1.99B | 2.62B | 2.27B | |
| Trading Asset Securities | 135.30M | 127.10M | 253.80M | 235.30M | 381.40M | 214.90M |
| Cash & Short-Term Investments | 2.55B | 2.28B | 2.41B | 3.64B | 4.73B | 3.40B |
| Accounts Receivable | 627.80M | 680.20M | 505.80M | 447.10M | 865.60M | 969.80M |
| Other Receivables | 7.20M | 34.60M | 18.50M | 5.10M | ||
| Receivables | 627.80M | 680.20M | 513.00M | 481.70M | 884.10M | 974.90M |
| Other Current Assets | 316.30M | 431.50M | 381.60M | 1.52B | 684.10M | 1.57B |
| Total Current Assets | 3.50B | 3.40B | 3.30B | 5.64B | 6.30B | 5.94B |
| Property, Plant & Equipment | 6.19B | 6.04B | 5.04B | 5.07B | 8.23B | 8.31B |
| Long-Term Investments | 6.82B | 7.80B | 12.06B | 13.66B | 15.67B | 19.27B |
| Goodwill | 3.42B | 3.50B | 3.15B | 3.31B | 9.32B | 9.52B |
| Other Intangible Assets | 1.27B | 1.35B | 1.29B | 673.60M | 2.34B | 2.34B |
| Long-Term Deferred Tax Assets | 137.10M | 93.10M | 233.80M | 423.40M | ||
| Other Long-Term Assets | 339.30M | 366.40M | 509.40M | 13.74B | 802.70M | 1.11B |
| Total Assets | 21.53B | 22.60B | 25.44B | 42.09B | 42.90B | 46.92B |
| Accounts Payable | 443.00M | 478.70M | 371.20M | 407.50M | 610.10M | 613.40M |
| Accrued Expenses | 944.60M | 1.02B | 856.40M | 886.00M | 1.33B | 1.29B |
| Current Portion of Long-Term Debt | 726.90M | 879.90M | 1.04B | 591.90M | 1.09B | 1.06B |
| Current Portion of Leases | 95.00M | 99.10M | 75.60M | 69.80M | 145.20M | 138.70M |
| Current Income Taxes Payable | 103.90M | 218.20M | 272.50M | 263.50M | 235.60M | 236.60M |
| Current Unearned Revenue | 247.40M | 291.90M | 285.30M | 169.80M | 264.40M | 274.70M |
| Other Current Liabilities | 181.10M | 168.10M | 229.80M | 1.94B | 254.30M | 472.00M |
| Total Current Liabilities | 2.74B | 3.16B | 3.13B | 4.33B | 3.92B | 4.08B |
| Long-Term Debt | 7.76B | 7.93B | 8.21B | 8.86B | 12.98B | 14.16B |
| Long-Term Leases | 746.40M | 762.50M | 711.60M | 706.00M | 2.08B | 1.71B |
| Long-Term Unearned Revenue | 15.50M | 14.00M | 4.20M | 2.70M | 8.10M | 11.80M |
| Long-Term Deferred Tax Liabilities | 370.60M | 405.00M | 299.40M | 533.80M | 544.50M | |
| Other Long-Term Liabilities | 802.90M | 413.80M | 433.80M | 8.88B | 800.30M | 806.80M |
| Total Liabilities | 12.07B | 12.65B | 12.90B | 23.08B | 20.32B | 21.32B |
| Common Stock | 3.30M | 3.30M | 3.40M | 3.80M | 4.60M | 5.30M |
| Additional Paid-In Capital | 805.10M | 712.40M | 777.00M | 1.32B | 2.30B | 3.89B |
| Retained Earnings | 5.08B | 5.10B | 12.24B | 15.57B | 19.62B | 18.14B |
| Treasury Stock | -100.00K | -100.00K | -100.00K | -100.00K | -100.00K | -100.00K |
| Comprehensive Income & Other | 3.34B | 3.92B | -657.00M | 2.17B | 513.40M | 3.89B |
| Total Common Equity | 9.22B | 9.74B | 12.37B | 19.06B | 22.44B | 25.93B |
| Minority Interest | 237.80M | 210.10M | 178.40M | -55.20M | 137.00M | -336.90M |
| Shareholders' Equity | 9.46B | 9.95B | 12.54B | 19.01B | 22.57B | 25.60B |
| Total Liabilities & Equity | 21.53B | 22.60B | 25.44B | 42.09B | 42.90B | 46.92B |
| Total Debt | 9.33B | 9.67B | 10.04B | 10.23B | 16.29B | 17.07B |
| Net Cash (Debt) | -6.78B | -7.39B | -7.63B | -6.59B | -11.56B | -13.67B |
| Net Cash Per Share | -20.06 | -21.58 | -20.34 | -15.49 | -23.26 | -24.03 |
| Filing Date Shares Outstanding | 341.09M | 335.03M | 348.75M | 377.55M | 456.14M | 522.87M |
| Total Common Shares Outstanding | 341.09M | 334.80M | 348.73M | 382.61M | 459.35M | 527.36M |
| Working Capital | 756.10M | 237.30M | 166.40M | 1.31B | 2.38B | 1.86B |
| Book Value Per Share | 27.04 | 29.08 | 35.46 | 49.82 | 48.84 | 49.18 |
| Tangible Book Value | 4.54B | 4.88B | 7.92B | 15.08B | 10.78B | 14.07B |
| Tangible Book Value Per Share | 13.32 | 14.59 | 22.72 | 39.42 | 23.46 | 26.68 |
| Machinery | 11.63B | 11.20B | 9.06B | 8.85B | 14.54B | 15.06B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -3.04B | -7.14B | 1.59B | -4.05B | 1.47B | 13.43B |
| Depreciation & Amortization | 1.08B | 1.04B | 1.00B | 1.22B | 1.09B | 2.35B |
| Other Amortization | 29.10M | 49.90M | 64.80M | 60.00M | 25.40M | 31.90M |
| Loss (Gain) From Sale of Assets | -700.50M | |||||
| Asset Writedown & Restructuring Costs | 142.50M | 90.00M | 28.90M | 43.00M | 62.30M | -19.00M |
| Loss (Gain) From Sale of Investments | -249.90M | -147.80M | -214.50M | 556.60M | 317.00M | -820.60M |
| Loss (Gain) on Equity Investments | 3.09B | 3.19B | 205.60M | 2.02B | 1.27B | 175.40M |
| Stock-Based Compensation | 167.60M | 169.40M | 168.30M | 204.80M | 163.20M | 308.10M |
| Other Operating Activities | -142.70M | 3.95B | -1.62B | 1.24B | -1.87B | -11.93B |
| Change in Accounts Receivable | 216.60M | 216.60M | 410.50M | 592.00M | 199.50M | 707.10M |
| Change in Accounts Payable | -201.10M | -201.10M | -303.00M | -681.40M | -128.00M | -872.30M |
| Operating Cash Flow | 1.27B | 1.21B | 2.03B | 2.17B | 2.84B | 3.55B |
| Capital Expenditures | -1.53B | -1.34B | -908.50M | -921.90M | -891.30M | -1.41B |
| Sale of Property, Plant & Equipment | 779.90M | |||||
| Cash Acquisitions | -199.10M | -70.80M | ||||
| Divestitures | 110.70M | 1.55B | ||||
| Investment in Securities | 917.70M | 415.20M | 2.06B | -1.14B | -184.00M | -4.26B |
| Other Investing Activities | 38.40M | 53.00M | -270.30M | 219.20M | 23.10M | -55.80M |
| Investing Cash Flow | -459.20M | -874.90M | 684.70M | -1.84B | 1.28B | -5.80B |
| Long-Term Debt Issued | 1.08B | 576.00M | 3.51B | 374.00M | 4.35B | |
| Long-Term Debt Repaid | -1.15B | -508.80M | -1.52B | -615.50M | -4.17B | |
| Net Debt Issued (Repaid) | -54.30M | -68.30M | 67.20M | 1.99B | -241.50M | 183.20M |
| Repurchase of Common Stock | -90.10M | -192.10M | -689.80M | -1.49B | -1.70B | -1.58B |
| Other Financing Activities | -26.80M | 34.30M | -1.63B | -1.19B | -1.33B | -148.70M |
| Financing Cash Flow | -171.20M | -226.10M | -2.25B | -692.40M | -3.28B | -1.55B |
| Foreign Exchange Rate Adjustments | -39.00M | 154.70M | -68.10M | 62.00M | -27.70M | -6.60M |
| Net Cash Flow | 601.80M | 264.80M | 399.40M | -309.50M | 815.10M | -3.80B |
| Free Cash Flow | -254.80M | -132.00M | 1.12B | 1.24B | 1.95B | 2.14B |
| Free Cash Flow Margin | -5.22% | -2.71% | 25.90% | 30.23% | 48.45% | 20.76% |
| Free Cash Flow Per Share | -0.75 | -0.39 | 3.00 | 2.92 | 3.92 | 3.76 |
| Levered Free Cash Flow | -509.91M | -401.23M | -586.20M | 591.55M | 1.09B | 1.54B |
| Unlevered Free Cash Flow | -245.20M | -140.19M | -291.81M | 847.17M | 1.25B | 2.06B |
| Cash Interest Paid | 455.40M | 469.80M | 514.30M | 479.80M | 263.70M | 830.30M |
| Cash Income Tax Paid | 130.50M | 199.80M | 195.20M | 499.00M | 154.70M | 156.20M |
| Change in Working Capital | 190.70M | 15.50M | 107.50M | -89.40M | 71.50M | -165.20M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.78B | 3.75B | 4.63B | 7.21B | 8.84B | 15.19B |
| Enterprise Value | 9.56B | 11.70B | 20.21B | 20.95B | 20.36B | 28.56B |
| Last Close Price | 7.77 | 11.14 | 12.76 | 9.15 | 9.75 | 14.29 |
| PE Ratio | 2.92 | 6.00 | 1.13 | |||
| Forward PE | 10.88 | 10.88 | 10.88 | 12.27 | 4.76 | |
| PS Ratio | 0.54 | 0.77 | 1.07 | 1.75 | 2.20 | 1.47 |
| PB Ratio | 0.29 | 0.38 | 0.37 | 0.38 | 0.39 | 0.59 |
| P/TBV Ratio | 0.58 | 0.77 | 0.58 | 0.48 | 0.82 | 1.08 |
| P/FCF Ratio | 4.12 | 5.79 | 4.54 | 7.09 | ||
| P/OCF Ratio | 2.08 | 3.09 | 2.28 | 3.33 | 3.12 | 4.28 |
| PEG Ratio | 13.36 | 13.36 | 13.36 | 13.36 | 13.36 | |
| EV/Sales Ratio | 1.93 | 2.40 | 4.66 | 5.09 | 5.07 | 2.77 |
| EV/EBITDA Ratio | 8.24 | 10.50 | 20.46 | 23.21 | 16.09 | 7.81 |
| EV/EBIT Ratio | 155.07 | 156.17 | 118.24 | 21.95 | ||
| EV/FCF Ratio | 17.98 | 16.84 | 10.46 | 13.34 | ||
| Debt / Equity Ratio | 0.99 | 0.97 | 0.80 | 0.54 | 0.72 | 0.67 |
| Debt / EBITDA Ratio | 7.34 | 7.83 | 9.14 | 10.31 | 12.20 | 4.36 |
| Debt / FCF Ratio | 8.93 | 8.22 | 8.37 | 7.97 | ||
| Net Debt / Equity Ratio | 0.72 | 0.74 | 0.61 | 0.35 | 0.51 | 0.53 |
| Net Debt / EBITDA Ratio | 5.92 | 6.63 | 7.72 | 7.31 | 9.13 | 3.74 |
| Net Debt / FCF Ratio | -26.60 | -55.96 | 6.79 | 5.30 | 5.94 | 6.39 |
| Asset Turnover | 0.20 | 0.20 | 0.13 | 0.10 | 0.09 | 0.20 |
| Quick Ratio | 1.16 | 0.94 | 0.93 | 0.95 | 1.43 | 1.07 |
| Current Ratio | 1.28 | 1.07 | 1.05 | 1.30 | 1.61 | 1.45 |
| Return on Equity (ROE) | -26.46% | -63.11% | 11.85% | -17.60% | 3.20% | 69.56% |
| Return on Assets (ROA) | 0.16% | 0.19% | -0.03% | -0.46% | 0.24% | 1.53% |
| Return on Invested Capital (ROIC) | 0.36% | 0.40% | -0.06% | -1.05% | 0.31% | 3.73% |
| Return on Capital Employed (ROCE) | 0.30% | 0.40% | -0.10% | -0.80% | 0.40% | 3.00% |
| Earnings Yield | -110.15% | -190.58% | 34.30% | -56.22% | 16.66% | 88.39% |
| FCF Yield | -9.61% | -3.52% | 24.29% | 17.26% | 22.02% | 14.09% |
| Buyback Yield / Dilution | 4.25% | 8.77% | 11.86% | 14.35% | 12.67% | 5.48% |