Filing Flows › Liberty Global (LBTYA) › Q2 2025
Liberty Global (LBTYA) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 1, 2025
Liberty Global (LBTYA) reported revenue of $1.3B for the second quarter 2025 (Q2 2025), +20% from a year earlier and +8% from the quarter before. Operating margin was 2.3%, net loss $2.8B (218.6% of revenue).
Liberty Global, Q2 2025: revenue $1.3B (+20% year over year), operating margin 2.3%, net loss $2.8B, operating cash flow $149M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | +8% | +20% |
| Operating profit | $29.6M | -51% | — |
| Net earnings | −$2.8B | — | — |
| Operating cash flow | $149M | +15% | -73% |
What changed
Revenue was $1.3B in Q2 2025, up 20% year over year and up 8% from the previous quarter. Total residential fixed revenue was the largest line at 35% of revenue. Total residential fixed revenue added $0.02B year over year (up 6%), 12% of the total change. Non-subscription revenue declined 12%.
Operating profit was $0.03B, a 2.3% margin (up 5.5 points year over year). Total costs grew 14% against revenue growth of 20%. The fastest-growing cost line was Cost of revenue (+38%). The quarter ended with a net loss of $2.8B, wider than the previous quarter's $1.3B loss. Net interest and other expense of $2.8B was the main reason.
Operating cash flow was $0.15B (down 73% year over year). Non-cash charges added back $0.25B of depreciation and amortization and $0.05B of share-based compensation. Working capital and other items added $2.6B. Capital expenditures of $0.32B exceeded it, leaving free cash flow of −$0.17B.
Questions
What was Liberty Global's revenue in the second quarter 2025?
Liberty Global (LBTYA) reported revenue of $1.3B for the second quarter 2025 (Q2 2025), +20% from a year earlier and +8% from the quarter before.
Was Liberty Global profitable in the second quarter 2025?
Operating profit was $29.6M (2.3% of revenue) and net loss $2.8B.
Source: Liberty Global 10-Q on SEC EDGAR.