Filing Flows › Liberty Global (LBTYA) › Q3 2026 › vs Q3 2025
Liberty Global (LBTYA) Q3 2026 vs Q3 2025 (year over year)
Liberty Global's revenue rose $714M (+59%) from $1.2B in Q3 2025 to $1.9B in Q3 2026. The biggest changes: Total residential revenue +$353M (+45%); Total B2B revenue +$208M (+89%); Subscription revenue +$141M (+108%).
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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 9.6% | -3.4% | +13.0 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Broadband internet | $391M | $247M | $144M | +58% |
| Other revenue | $336M | $349M | −$13.9M | -4% |
| Video | $327M | $154M | $173M | +113% |
| Subscription revenue | $224M | $117M | $108M | +92% |
| Non-subscription revenue | $217M | $117M | $100M | +86% |
| Non-subscription revenue | $86.5M | $36.3M | $50.2M | +138% |
| Total residential revenue | $1.1B | $787M | $353M | +45% |
| Total B2B revenue | $441M | $233M | $208M | +89% |
| Subscription revenue | $272M | $131M | $141M | +108% |
| Fixed-line telephony | $55.3M | $47.8M | $7.5M | +16% |
| Non-subscription revenue | $12.3M | $8.3M | $4.0M | +48% |
| Revenue | $1.9B | $1.2B | $714M | +59% |
| Income tax benefit | $652M | $46.9M | $605M | 14× |
| Costs & expenses | $2.6B | $1.3B | $1.2B | +92% |
| Operating costs | $1.9B | $1.2B | $724M | +60% |
| Interest & other, net | $86.5M | $122M | −$35.8M | -29% |
| Net earnings | $548M | −$83.4M | $631M | — |
| Cost of revenue | $607M | $393M | $214M | +55% |
| SG&A | $482M | $308M | $174M | +56% |
| Other operating costs | $849M | $514M | $335M | +65% |
| Operating cash sources | $1.1B | $239M | $895M | +374% |
| Depreciation & amortization | $529M | $276M | $253M | +92% |
| Share-based compensation | $57.7M | $46.6M | $11.1M | +24% |
| Working capital & other | $528M | −$62.7M | $591M | — |
| Operating cash flow | $606M | $302M | $304M | +101% |
| Free cash flow (OCF − capex) | $185M | −$41.1M | $226M | — |
| Capital expenditures | $421M | $343M | $78.0M | +23% |
Questions
How much did Liberty Global's revenue grow year over year in Q3 2026?
Liberty Global's revenue rose $714M (+59%) from $1.2B in Q3 2025 to $1.9B in Q3 2026.
What drove Liberty Global's revenue change in Q3 2026?
Total residential revenue +$353M (+45%); Total B2B revenue +$208M (+89%); Subscription revenue +$141M (+108%).