European cable/broadband holding company with joint-venture stakes in major UK, Dutch and Belgian telecom operators.
European cable/broadband holding company with joint-venture stakes in major UK, Dutch and Belgian telecom operators.
The big UK and Dutch operations are equal partnerships with Telefonica and Vodafone and are not consolidated, so Liberty's cash comes mainly as dividends and fees from them rather than as sales. Subscribers pay monthly for bundles; Belgium's Telenet is consolidated. This is one of three listed share classes, differing in voting rights.
In one line: A European Comcast/Charter, run by John Malone.
Moat: narrow (scale, installed base). Owns fixed-line cable infrastructure in dense European markets, expensive for rivals to duplicate.
Headquarters: Denver, Colorado · Founded: 2005 · Employees: 6,636
Size Liberty Global (LBTYB) is a United States Communication Services company (Major Telecommunications) with a market value of $3.09B, the 1526th largest of 3,117 United States companies the cockpit tracks. Shares closed at $11.45 on 6 Nov 2026.
Performance Over six months the shares fell 16.7%, against -10.2% for the median peer and -1.1% for the United States market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue fell 27.1% over the last twelve months (peer median +3.8%); the operating margin is -0.7% (peer median 9.4%).
Valuation It trades at 4.2× enterprise value to sales against a peer median of 2.1× (6th most expensive of 21).
Capital Return on invested capital runs 6.1 points below its cost of capital (6.0% WACC).
Backlog Backlog (remaining performance obligations) was $2.60B at 30 Sep 2026 — 0.5 years of trailing revenue. Backlog detail →
Short interest Short interest is 0.0% of the free float (15 Oct 2026).
Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $5.60B | $4.88B | $4.34B | $4.12B | $7.20B |
| Revenue growth | — | +12% | +5% | -43% | — |
| Gross profit | $1.48B | $1.29B | $1.13B | $848M | $1.85B |
| EBITDA | $1.30B | $1.07B | $988M | $952M | $2.41B |
| Net income | -$2.49B | -$7.14B | $1.59B | -$4.05B | $627M |
| Free cash flow | -$19.9M | -$123M | $1.33B | $2.06B | $2.01B |
| Capital expenditure | $1.60B | $1.34B | $908M | $922M | $1.30B |
| Total debt | $21.7B | $9.42B | $9.85B | $9.95B | $15.6B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Liberty Global LBTYB | $3.09B | -17% | -27% | -1% | 4.2× | n/a |
| Vodafone Group Public VOD.L | $36.3B | +4% | +11% | 10% | 1.8× | 4.2% |
| Deutsche Telekom DTE.DE | $139B | -7% | +2% | 22% | 2.4× | -7.7% |
| Comcast CMCSA | $86.6B | -3% | 0% | 15% | 1.4× | -6.4% |
| Charter Communications CHTR | $20.8B | -24% | -2% | 24% | 2.2× | -8.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | LBTYB | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.4% | +1.7% | 4th lowest of 21 |
| 6-month return | -16.7% | -10.2% | 8th lowest of 21 |
| Distance from 52-week high | -60.5% | -20.8% | 2nd lowest of 21 |
| Revenue growth (TTM) | -27.1% | +3.8% | 2nd lowest of 21 |
| Operating margin | -0.7% | 9.4% | 4th lowest of 21 |
| EV / Sales | 4.2× | 2.1× | 6th most expensive of 21 |
| ROIC minus cost of capital | -6.1 pp | -0.7 pp | 5th lowest of 20 |
| EV / EBITDA | 18.2× | 7.7× | most expensive of 17 |
| Net debt / EBITDA | 15.1× | 2.3× | most indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Liberty Global LBTYB | United States | $3.09B | -17% | -27% | -1% | 4.2× | n/a | n/a |
| NetLink NBN Trust CJLU.SI | Singapore | $2.87B | -7% | 0% | 22% | 11.0× | 16.0% | +2.3% |
| ITI ITI.NS | India | $2.53B | -18% | -41% | -1% | 11.3× | n/a | n/a |
| Eutelsat Communications ETL.PA | France | $2.40B | -40% | -1% | -6% | 2.9× | n/a | n/a |
| Internet Initiative Japan 3774.T | Japan | $4.05B | +30% | +14% | 9% | 1.9× | 2.3% | +10.2% |
| Lumen Technologies LUMN | United States | $4.12B | -59% | -8% | -3% | 1.3× | 5.1% | -9.7% |
| IDT IDT | United States | $2.18B | +54% | +5% | 9% | 1.4× | 5.7% | -2.2% |
| Telecom Argentina SA Sponsored ADR TEO | United States | $4.87B | -16% | +33% | 9% | 1.2× | 4.1% | +8.4% |
| PCCW 0008.HK | Hong Kong | $5.04B | -17% | +7% | 13% | 2.8× | 1.2% | +2.3% |
| Tata Communications TATACOMM.NS | India | $5.15B | +7% | +9% | 8% | 2.4× | 34.1% | +7.7% |
| LG Uplus 032640.KS | South Korea | $5.17B | +6% | 0% | 7% | 0.5× | -17.5% | +2.9% |
| United Internet UTDI.DE | Germany | $5.17B | -9% | -8% | 9% | 1.5× | 1.4% | +2.7% |
| Liberty Latin America LILA | United States | $1.73B | +72% | +1% | 17% | 2.3× | 0.5% | +3.4% |
| Guangdong South New Media 300770.SZ | China | $1.37B | +7% | -6% | 37% | 4.6× | -1.5% | +5.9% |
| Gamma Communications GAMA.L | United Kingdom | $1.32B | +23% | +7% | 15% | 1.5× | -0.4% | +10.4% |
| Uniti UNIT | United States | $1.27B | -54% | +200% | 10% | 3.3× | n/a | n/a |
| Grupo Televisa, S.A.B. Sponsored ADR TV | United States | $1.24B | -18% | +6% | 11% | 1.4× | 1.1% | -7.5% |
| Hicon Network Technology (Shandong) 301262.SZ | China | $1.21B | +1% | +2% | 38% | 5.0× | 5.4% | +0.1% |
| HKBN 1310.HK | Hong Kong | $1.02B | -25% | +6% | 3% | 1.5× | n/a | n/a |
| KT 030200.KS | South Korea | $9.46B | -12% | +9% | 7% | 0.8× | -4.1% | +3.4% |
| Tele2 TEL2-A.ST | Sweden | $11.2B | -14% | +2% | 24% | 4.5× | -2.4% | +2.4% |
Liberty Global reported $2.60B of remaining performance obligations at 30 Sep 2026. That is 0.5 years of trailing revenue already under contract.