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Liberty Global (LBTYA) Q2 2026 earnings results (second quarter 2026)

10-Q filed Jul 24, 2026

Liberty Global (LBTYA) reported revenue of $1.2B for the second quarter 2026 (Q2 2026), -8% from a year earlier and -8% from the quarter before. Operating margin was 0.3%, net loss $358M (30.5% of revenue).

Revenue$1.2B
Year over year-8%
Quarter over quarter-8%
Operating margin0.3%
Net earnings−$358M

Liberty Global, Q2 2026: revenue $1.2B (-8% year over year), operating margin 0.3%, net loss $358M, operating cash flow $231M. The chart follows the revenue to costs, profit and cash.

Q2 2026AmountQ/QY/Y
Revenue$1.2B-8%-8%
Operating profit$3.0M-87%-90%
Net earnings−$358M-206%—
Operating cash flow$231M+115%+55%

What changed

Revenue was $1.2B in Q2 2026, down 8% year over year and down 8% from the previous quarter. Other revenue was the largest line at 30% of revenue. Other revenue lost $0.09B year over year (down 20%), 88% of the total change.

Operating profit was $3.0M, a 0.3% margin (down 2.1 points year over year). Total costs fell 6% while revenue fell 8%. The quarter ended with a net loss of $0.36B, after a profit of $0.36B the previous quarter. Net interest and other expense of $0.34B was the main reason.

Operating cash flow was $0.23B (up 55% year over year). Non-cash charges added back $0.26B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items added $0.28B. Capital expenditures of $0.35B exceeded it, leaving free cash flow of −$0.12B.

Questions

What was Liberty Global's revenue in the second quarter 2026?

Liberty Global (LBTYA) reported revenue of $1.2B for the second quarter 2026 (Q2 2026), -8% from a year earlier and -8% from the quarter before.

Was Liberty Global profitable in the second quarter 2026?

Operating profit was $3.0M (0.3% of revenue) and net loss $358M.

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Source: Liberty Global 10-Q on SEC EDGAR.