Filing Flows › Liberty Global (LBTYA) › Q3 2026 › vs Q2 2026
Liberty Global (LBTYA) Q3 2026 vs Q2 2026 (quarter over quarter)
Liberty Global's revenue rose $749M (+64%) from $1.2B in Q2 2026 to $1.9B in Q3 2026. The biggest changes: Total residential revenue +$373M (+49%); Total B2B revenue +$209M (+90%); Subscription revenue +$142M (+109%).
Liberty Global, Q3 2026: revenue $1.9B (+59% year over year), operating margin -0.9%, net earnings $548M, operating cash flow $606M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Free cash flow margin | 9.6% | -10.0% | +19.6 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Broadband internet | $391M | $248M | $142M | +57% |
| Other revenue | $336M | $351M | −$15.8M | -4% |
| Video | $327M | $132M | $195M | +148% |
| Subscription revenue | $224M | $114M | $111M | +98% |
| Non-subscription revenue | $217M | $118M | $98.2M | +83% |
| Non-subscription revenue | $86.5M | $34.6M | $51.9M | +150% |
| Total residential revenue | $1.1B | $766M | $373M | +49% |
| Total B2B revenue | $441M | $232M | $209M | +90% |
| Subscription revenue | $272M | $131M | $142M | +109% |
| Fixed-line telephony | $55.3M | $35.2M | $20.1M | +57% |
| Non-subscription revenue | $12.3M | $8.0M | $4.3M | +54% |
| Revenue | $1.9B | $1.2B | $749M | +64% |
| Income tax benefit | $652M | −$22.8M | $675M | — |
| Costs & expenses | $2.6B | $1.5B | $1.0B | +68% |
| Operating costs | $1.9B | $1.2B | $770M | +66% |
| Interest & other, net | $86.5M | $338M | −$252M | -74% |
| Net earnings | $548M | −$358M | $906M | — |
| Cost of revenue | $607M | $375M | $232M | +62% |
| SG&A | $482M | $312M | $170M | +54% |
| Other operating costs | $849M | $481M | $368M | +76% |
| Operating cash sources | $1.1B | −$51.4M | $1.2B | — |
| Depreciation & amortization | $529M | $262M | $266M | +101% |
| Share-based compensation | $57.7M | $43.9M | $13.8M | +31% |
| Working capital & other | $528M | −$282M | $811M | — |
| Operating cash flow | $606M | $231M | $375M | +162% |
| Free cash flow (OCF − capex) | $185M | −$117M | $302M | — |
| Capital expenditures | $421M | $348M | $73.0M | +21% |
Questions
How much did Liberty Global's revenue grow quarter over quarter in Q3 2026?
Liberty Global's revenue rose $749M (+64%) from $1.2B in Q2 2026 to $1.9B in Q3 2026.
What drove Liberty Global's revenue change in Q3 2026?
Total residential revenue +$373M (+49%); Total B2B revenue +$209M (+90%); Subscription revenue +$142M (+109%).