Liberty Global Ltd.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Liberty Global Ltd. reported revenue of $4.9B (+12.4% year on year) and net income of ($7.1B) (-549.5% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenue (notes 4, 6, 7 and 19) | $4.9B | $4.3B | $7.5B | $7.2B |
| Programming and other direct costs of services (note 12) | $1.7B | $1.5B | $2.4B | $2.1B |
| Other operating (notes 12 and 15) | $878.8M | $761.1M | $1.2B | $1.1B |
| Selling, general and administrative (SG&A) (notes 12 and 15) | $1.2B | $1.1B | $1.8B | $1.6B |
| Depreciation and amortization (note 10) | $1.0B | $1.0B | $2.3B | $2.2B |
| Impairment, restructuring and other operating items, net (notes 10 and 12) | $90.0M | $49.6M | $67.9M | $85.1M |
| Operating costs and expenses | $4.9B | $4.4B | $7.7B | $7.0B |
| Operating loss | ($23.3M) | ($60.1M) | ($244.5M) | $146.8M |
| Interest expense | ($497.5M) | ($574.7M) | ($907.9M) | ($589.3M) |
| Realized and unrealized gains (losses) on derivative instruments, net (note 8) | ($567.4M) | $315.2M | ($526.3M) | $1.2B |
| Foreign currency transaction gains (losses), net | ($3.1B) | $1.8B | ($70.8M) | $1.4B |
| Realized and unrealized gains (losses) due to changes in fair values of certain investments, net (notes 7 and 9) | $147.8M | ($28.4M) | ($557.3M) | ($302.1M) |
| Losses on debt extinguishment, net (note 11) | ($20.1M) | — | ($1.4M) | $2.8M |
| Share of results of affiliates, net (note 7) | ($3.2B) | ($205.6M) | ($2.0B) | ($1.3B) |
| Gain on sale of All3Media | $0 | $242.9M | — | — |
| Gain associated with the Formula E Acquisition (note 5) | $0 | $190.7M | — | — |
| Gain associated with the Telenet Wyre Transaction (note 5) | $0 | $0 | $377.8M | — |
| Other income, net | $96.0M | $201.8M | $225.5M | $134.4M |
| Non-operating income (expense) | ($7.1B) | $1.9B | ($3.5B) | $1.3B |
| Earnings (loss) from continuing operations before income taxes | ($7.2B) | $1.8B | ($3.7B) | $1.4B |
| Income tax benefit (expense) (note 13) | $75.8M | $30.8M | ($149.6M) | ($318.9M) |
| Earnings (loss) from continuing operations | ($7.1B) | $1.9B | ($3.9B) | $1.1B |
| Loss from discontinued operations, net of taxes (note 6) | $0 | ($223.2M) | $0 | $881.0M |
| Net earnings (loss) | ($7.1B) | $1.6B | ($3.9B) | $2.0B |
| Net earnings attributable to noncontrolling interests | ($41.4M) | ($57.9M) | ($177.9M) | ($513.1M) |
| Net earnings (loss) attributable to Liberty Global shareholders | ($7.1B) | $1.6B | ($4.1B) | $1.5B |
| Continuing operations, basic (in dollars per share) | -$20.86 | $4.94 | -$9.52 | $1.21 |
| Discontinued operations, basic (in dollars per share) | $0.00 | -$0.61 | $0.00 | $1.80 |
| Basic earnings (loss) attributable to Liberty Global shareholders per share (in dollars per share) | -$20.86 | $4.33 | -$9.52 | $3.01 |
| Continuing operations, diluted (in dollars per share) | -$20.86 | $4.82 | -$9.52 | $1.19 |
| Discontinued operations, diluted (in dollars per share) | $0.00 | -$0.59 | $0.00 | $1.77 |
| Diluted earnings (loss) attributable to Liberty Global shareholders per share (in dollars per share) | -$20.86 | $4.23 | -$9.52 | $2.96 |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Revenue | $1.2B | $1.3B | $1.2B | $1.3B |
| Programming and other direct costs of services (note 10) | $375.4M | $426.6M | $392.9M | $465.3M |
| Other operating (notes 10 and 12) | $203.3M | $220.0M | $216.3M | $212.6M |
| Selling, general and administrative (SG&A) (notes 10 and 12) | $312.3M | $298.6M | $308.0M | $305.3M |
| Depreciation and amortization | $262.5M | $264.8M | $275.9M | $250.8M |
| Impairment, restructuring and other operating items, net (note 10) | $15.5M | $40.8M | $22.0M | $5.5M |
| Operating costs and expenses | $1.2B | $1.3B | $1.2B | $1.2B |
| Operating income | $3.0M | $23.8M | ($8.0M) | $29.6M |
| Interest expense | ($115.9M) | ($113.7M) | ($123.3M) | ($129.5M) |
| Realized and unrealized gains (losses) on derivative instruments, net (note 6) | $18.2M | $132.2M | ($46.4M) | ($406.0M) |
| Foreign currency transaction gains (losses), net | ($122.6M) | $430.2M | $10.0M | ($2.1B) |
| Realized and unrealized gains due to changes in fair values of certain investments, net (notes 5 and 7) | $155.4M | $57.8M | $64.4M | $55.3M |
| Share of results of affiliates, net (note 5) | ($289.9M) | ($21.7M) | ($43.3M) | ($264.6M) |
| Other income, net | $16.8M | $25.0M | $27.5M | $33.1M |
| Non-operating income (expense) | ($338.0M) | $509.8M | ($122.3M) | ($2.8B) |
| Earnings (loss) before income taxes | ($335.0M) | $533.6M | ($130.3M) | ($2.8B) |
| Income tax benefit (expense) (note 11) | ($22.8M) | ($175.4M) | $46.9M | ($900.0K) |
| Net earnings (loss) | ($357.8M) | $358.2M | ($83.4M) | ($2.8B) |
| Net earnings attributable to noncontrolling interests | ($7.3M) | ($20.4M) | ($7.3M) | ($19.1M) |
| Net loss attributable to Liberty Global shareholders | ($365.1M) | $337.8M | ($90.7M) | ($2.8B) |
| Basic loss attributable to Liberty Global shareholders per share (note 13) (in dollars per share) | -$1.07 | $1.01 | -$0.27 | -$8.09 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $2.1B | $1.8B | $1.4B | $1.7B |
| Trade receivables, net (note 3) | $558.2M | $449.8M | $870.1M | $830.6M |
| Short-term investments (measured at fair value on a recurring basis) (note 7) | $76.2M | $335.6M | $2.0B | $2.6B |
| Derivative instruments (note 8) | $135.0M | $287.0M | $518.1M | $382.7M |
| Other current assets (notes 4, 6 and 7) | $545.6M | $411.6M | $847.0M | $736.3M |
| Total current assets | $3.4B | $3.3B | $5.6B | $6.3B |
| Investments and related notes receivable (including $1,631.5 million and $2,907.7 million, respectively, measured at fair value on a recurring basis) (note 7) | $7.7B | $11.7B | $13.4B | $14.9B |
| Property and equipment, net (notes 10 and 12) | $5.3B | $4.3B | $7.4B | $6.5B |
| Goodwill (note 10) | $3.5B | $3.2B | $10.5B | $9.3B |
| Intangible assets subject to amortization, net (note 10) | $1.3B | $1.3B | $2.1B | $2.3B |
| Other assets, net (notes 4, 8, 12 and 13) | $1.4B | $1.7B | $3.2B | $3.6B |
| Total assets | $22.6B | $25.4B | $42.1B | $42.9B |
| Accounts payable | $478.7M | $371.2M | $689.8M | $610.1M |
| Deferred revenue (note 4) | $291.9M | $285.3M | $249.2M | $264.4M |
| Current portion of debt and finance lease obligations (notes 11 and 12) | $764.0M | $898.5M | $806.8M | $799.7M |
| Accrued capital expenditures | $158.0M | $226.5M | $229.5M | $244.0M |
| Accrued income taxes | $218.2M | $272.5M | $263.9M | $235.6M |
| Other accrued and current liabilities (notes 6, 8 and 12) | $1.2B | $932.0M | $1.7B | $1.5B |
| Total current liabilities | $3.2B | $3.1B | $4.3B | $3.9B |
| Long-term debt and finance lease obligations (notes 11 and 12) | $7.8B | $8.2B | $15.0B | $13.0B |
| Long-term operating lease liabilities (note 12) | $739.7M | $677.5M | $1.7B | $1.6B |
| Other long-term liabilities (notes 4, 8 and 13) | $920.4M | $881.5M | $2.1B | $1.8B |
| Total liabilities | $12.7B | $12.9B | $23.1B | $20.3B |
| Common stock | $3.3M | $3.4M | $3.8M | $4.6M |
| Additional paid-in capital | $712.4M | $777.0M | $1.3B | $2.3B |
| Accumulated earnings | $5.1B | $12.2B | $15.6B | $19.6B |
| Accumulated other comprehensive earnings (loss), net of taxes | $3.9B | ($657.0M) | $2.2B | $513.4M |
| Treasury shares, at cost | -100.0K | -100.0K | -100.0K | -100.0K |
| Total Liberty Global shareholders | $9.7B | $12.4B | $19.1B | $22.4B |
| Noncontrolling interests | $210.1M | $178.4M | ($55.2M) | $137.0M |
| Total equity | $9.9B | $12.5B | $19.0B | $22.6B |
| Total liabilities and equity | $22.6B | $25.4B | $42.1B | $42.9B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $2.4B | $1.8B | $1.7B | $1.8B |
| Trade receivables, net (note 3) | $521.2M | $523.2M | $518.3M | $570.3M |
| Other current assets (notes 3, 4, 5 and 6) | $558.2M | $762.1M | $434.2M | $502.3M |
| Total current assets | $3.5B | $3.1B | $2.8B | $4.4B |
| Investments and related notes receivable (including $1,054.6 million and $1,631.5 million, respectively, measured at fair value on a recurring basis) (note 5) | $6.7B | $7.5B | $11.0B | $11.2B |
| Property and equipment, net (notes 8 and 10) | $5.4B | $5.3B | $5.2B | $5.1B |
| Goodwill (note 8) | $3.4B | $3.4B | $3.6B | $3.6B |
| Intangible assets subject to amortization, net (note 8) | $1.3B | $1.3B | $1.4B | $1.4B |
| Other assets, net (notes 3, 6 and 10) | $1.2B | $1.2B | $1.4B | $1.4B |
| Total assets | $21.5B | $21.9B | $25.4B | $27.2B |
| Accounts payable | $443.0M | $441.7M | $404.2M | $454.5M |
| Deferred revenue (note 3) | $247.4M | $255.9M | $285.4M | $253.6M |
| Current portion of debt and finance lease obligations (notes 9 and 10) | $620.4M | $703.8M | $678.5M | $2.0B |
| Accrued capital expenditures | $168.9M | $197.1M | $213.4M | $278.2M |
| Accrued income taxes | $103.9M | $108.3M | $192.2M | $114.4M |
| Other accrued and current liabilities (notes 4, 6 and 10) | $1.2B | $1.1B | $1.1B | $1.3B |
| Total current liabilities | $2.7B | $2.8B | $2.9B | $4.3B |
| Long-term debt and finance lease obligations (notes 9 and 10) | $7.7B | $7.7B | $7.8B | $7.8B |
| Long-term operating lease liabilities (note 10) | $723.8M | $727.8M | $733.4M | $740.3M |
| Other long-term liabilities (notes 3 and 6) | $874.5M | $878.6M | $975.3M | $1.1B |
| Total liabilities | $12.1B | $12.1B | $12.4B | $14.0B |
| Common stock | $3.3M | $3.3M | $3.3M | $3.3M |
| Additional paid-in capital | $805.1M | $776.7M | $719.8M | $734.5M |
| Accumulated earnings | $5.1B | $5.4B | $8.0B | $8.1B |
| Accumulated other comprehensive earnings, net of taxes | $3.3B | $3.3B | $4.0B | $4.1B |
| Treasury shares, at cost | -100.0K | -100.0K | -100.0K | -100.0K |
| Total Liberty Global shareholders | $9.2B | $9.5B | $12.7B | $13.0B |
| Noncontrolling interests | $237.8M | $230.5M | $218.3M | $211.0M |
| Total equity | $9.5B | $9.7B | $13.0B | $13.2B |
| Total liabilities and equity | $21.5B | $21.9B | $25.4B | $27.2B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net loss | ($7.1B) | $1.6B | ($3.9B) | $2.0B |
| Loss from discontinued operations | $0 | ($223.2M) | $0 | $881.0M |
| Earnings (loss) from continuing operations | ($7.1B) | $1.9B | ($3.9B) | $1.1B |
| Share-based compensation expense | $169.4M | $168.3M | $231.0M | $192.1M |
| Depreciation and amortization | $1.0B | $1.0B | $2.3B | $2.2B |
| Impairment, restructuring and other operating items, net | $90.0M | $49.6M | $67.9M | $85.1M |
| Amortization of deferred financing costs and non-cash interest | $49.9M | $64.8M | $65.7M | $31.0M |
| Realized and unrealized losses (gains) on derivative instruments, net | $567.4M | ($315.2M) | $526.3M | ($1.2B) |
| Foreign currency transaction losses (gains), net | $3.1B | ($1.8B) | $70.8M | ($1.4B) |
| Realized and unrealized losses (gains) due to changes in fair values of certain investments, net | ($147.8M) | $28.4M | $557.3M | $302.1M |
| Losses on debt extinguishment, net | $20.1M | — | $1.4M | ($2.8M) |
| Share of results of affiliates, net | $3.2B | $205.6M | $2.0B | $1.3B |
| Deferred income tax expense (benefit) | ($121.7M) | ($53.1M) | ($33.1M) | $172.5M |
| Gain on sale of All3Media | $0 | ($242.9M) | — | — |
| Gain associated with the Formula E Acquisition | $0 | ($190.7M) | — | — |
| Gain associated with the Telenet Wyre Transaction | $0 | $0 | ($377.8M) | — |
| Receivables and other operating assets | $216.6M | $410.5M | $1.3B | $796.3M |
| Payables and accruals | ($201.1M) | ($303.0M) | ($1.2B) | ($755.9M) |
| Dividends distributions received | $318.1M | $394.3M | $537.8M | $721.2M |
| Net cash provided by operating activities of continuing operations | $1.2B | $1.3B | $2.2B | $2.8B |
| Net cash provided by operating activities of discontinued operations | $0 | $701.7M | $0 | $51.1M |
| Net cash provided by operating activities | $1.2B | $2.0B | $2.2B | $2.8B |
| Capital expenditures, net | ($1.3B) | ($908.5M) | ($1.4B) | ($1.3B) |
| Cash received from the sale of investments | $1.0B | $4.5B | $7.0B | $9.2B |
| Cash paid for investments | ($599.1M) | ($2.9B) | ($8.1B) | ($9.4B) |
| Dividend distributions received from the VMO2 JV | $9.0M | $206.4M | $815.2M | $477.9M |
| Cash received in connection with the sale of All3Media | $0 | $411.7M | — | — |
| Cash paid in connection with the Formula E Acquisition, net of cash acquired | $0 | ($199.1M) | ($114.6M) | $2.7M |
| Other investing activities, net | $44.0M | ($15.9M) | ($17.3M) | $0 |
| Net cash provided (used) by investing activities of continuing operations | ($874.9M) | $1.1B | ($1.8B) | $1.3B |
| Net cash used by investing activities of discontinued operations | $0 | ($460.8M) | $0 | ($15.6M) |
| Net cash provided (used) by investing activities | ($874.9M) | $684.7M | ($1.8B) | $1.3B |
| Borrowings of debt | $764.7M | $203.7M | $3.2B | $4.7M |
| Operating-related vendor financing additions | $312.4M | $372.3M | $648.5M | $522.7M |
| Debt (excluding vendor financing) | ($691.0M) | ($25.5M) | ($1.0B) | ($980.9M) |
| Principal payments on operating-related vendor financing | ($369.4M) | ($363.7M) | ($568.8M) | ($616.1M) |
| Principal payments on capital-related vendor financing | ($79.6M) | ($114.0M) | ($256.1M) | ($210.1M) |
| Principal payments on finance leases | ($5.4M) | ($5.6M) | ($27.9M) | ($62.0M) |
| Repurchases of Liberty Global common shares | -192.1M | -689.8M | -1.5B | -1.7B |
| Net cash received related to derivative instruments | $83.0M | — | ($59.6M) | ($50.0M) |
| Cash and cash equivalents and restricted cash contributed to Sunrise in connection with the Spin-off | $0 | ($128.4M) | ($46.9M) | ($61.1M) |
| Dividend distributions by subsidiaries to noncontrolling interest owners | $0 | ($400.0K) | — | — |
| Acquisition of shares in connection with the Telenet Takeover Bid | 0 | 0 | -985.7M | — |
| Other financing activities, net | ($48.7M) | ($54.8M) | ($62.8M) | ($88.7M) |
| Net cash used by financing activities of continuing operations | ($226.1M) | ($806.2M) | ($692.4M) | ($3.3B) |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net earnings (loss) | $400.0K | $358.2M | ($4.2B) | ($4.1B) |
| Share-based compensation expense | $81.0M | $37.1M | $129.4M | $82.8M |
| Depreciation and amortization | $527.3M | $264.8M | $758.9M | $483.0M |
| Impairment, restructuring and other operating items, net | $56.3M | $40.8M | $25.8M | $3.8M |
| Amortization of deferred financing costs and non-cash interest | $12.2M | $6.0M | $43.2M | $33.0M |
| Realized and unrealized losses (gains) on derivative instruments, net | ($150.4M) | ($132.2M) | $617.1M | $570.7M |
| Foreign currency transaction losses (gains), net | ($307.6M) | ($430.2M) | $3.2B | $3.2B |
| Realized and unrealized gains due to changes in fair values of certain investments, net | ($213.2M) | ($57.8M) | ($175.5M) | ($111.1M) |
| Share of results of affiliates, net | $311.6M | $21.7M | $455.9M | $412.6M |
| Deferred income tax benefit | ($10.6M) | $8.4M | ($151.1M) | ($126.5M) |
| Changes in operating assets and liabilities, net of the effects of acquisitions and dispositions | $31.5M | ($9.2M) | ($124.0M) | ($152.6M) |
| Net cash provided by operating activities | $338.5M | $107.6M | $580.2M | $278.4M |
| Capital expenditures, net | ($745.5M) | ($397.6M) | ($905.5M) | ($562.6M) |
| Cash received in connection with the sale | $788.5M | — | $0 | $0 |
| Cash received from the sale of other investments | $208.8M | $233.3M | $810.4M | $796.1M |
| Cash paid for investments | ($79.4M) | ($60.9M) | ($527.5M) | ($491.4M) |
| Other investing activities, net | ($3.6M) | $2.2M | $14.8M | $11.0M |
| Net cash provided (used) by investing activities | $168.8M | ($223.0M) | ($607.8M) | ($246.9M) |
| Borrowings of debt | $100.8M | $50.2M | $604.5M | $562.7M |
| Operating-related vendor financing additions | $190.0M | $68.4M | $251.6M | $151.6M |
| Debt (excluding vendor financing) | ($178.4M) | ($126.1M) | ($663.1M) | ($658.8M) |
| Principal payments on operating-related vendor financing | ($191.5M) | ($88.0M) | ($298.2M) | ($176.6M) |
| Principal payments on capital-related vendor financing | ($57.5M) | ($7.9M) | ($50.6M) | ($30.4M) |
| Principal payments on finance leases | ($3.7M) | ($1.8M) | ($4.4M) | ($2.8M) |
| Net cash received (paid) related to derivative instruments | ($200.0K) | — | $82.7M | $82.7M |
| Repurchases of Liberty Global common shares | 0 | 0 | -158.2M | -102.0M |
| Other financing activities, net | $4.4M | ($8.8M) | ($37.7M) | ($17.4M) |
| Net cash used by financing activities | ($136.1M) | ($114.0M) | ($273.4M) | ($191.0M) |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash | ($34.0M) | ($23.8M) | $158.8M | $159.7M |
| Net increase in cash and cash equivalents and restricted cash | $337.2M | ($253.2M) | ($142.2M) | $200.0K |
| Beginning of period | $2.1B | $2.1B | $1.8B | $1.8B |
| Net increase | $337.2M | — | — | $200.0K |
| End of period | $2.4B | $1.8B | $1.7B | $1.8B |
| Cash paid for interest | $221.6M | $135.3M | $372.3M | $236.0M |
| Net cash paid for taxes | $113.4M | $104.5M | $197.3M | $182.7M |
Liberty Global Ltd. score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.