Filing Flows › Liberty Global (LBTYA) › Q1 2026
Liberty Global (LBTYA) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 1, 2026
Liberty Global (LBTYA) reported revenue of $1.3B for the first quarter 2026 (Q1 2026), +9% from a year earlier and +4% from the quarter before. Operating margin was 1.9%, net earnings $338M (26.5% of revenue).
Liberty Global, Q1 2026: revenue $1.3B (+9% year over year), operating margin 1.9%, net earnings $338M, operating cash flow $108M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | +4% | +9% |
| Operating profit | $23.8M | — | -61% |
| Net earnings | $338M | — | — |
| Operating cash flow | $108M | -83% | -17% |
What changed
Revenue was $1.3B in Q1 2026, up 9% year over year and up 4% from the previous quarter. Other revenue was the largest line at 33% of revenue. Broadband internet added $0.03B year over year (up 14%), 29% of the total change.
Operating profit was $0.02B, a 1.9% margin (down 3.3 points year over year). Operating profit fell $0.04B even though revenue rose $0.10B versus Q1 2025, so costs grew faster than sales. Total costs grew 13% against revenue growth of 9%. The fastest-growing cost line was Other operating costs (+25%). Net earnings were $0.34B. The effective tax rate was 32.9%. Non-operating items added $0.51B, 96% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.11B (down 17% year over year), 30% of net income including minority interests. Non-cash charges added back $0.26B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items used $0.55B. Capital expenditures of $0.40B exceeded it, leaving free cash flow of −$0.29B.
Questions
What was Liberty Global's revenue in the first quarter 2026?
Liberty Global (LBTYA) reported revenue of $1.3B for the first quarter 2026 (Q1 2026), +9% from a year earlier and +4% from the quarter before.
Was Liberty Global profitable in the first quarter 2026?
Operating profit was $23.8M (1.9% of revenue) and net earnings $338M.
Source: Liberty Global 10-Q on SEC EDGAR.