Filing Flows › Liberty Global (LBTYA) › Q4 2025
Liberty Global (LBTYA) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 18, 2026
Liberty Global (LBTYA) reported revenue of $1.2B for the fourth quarter 2025 (Q4 2025), +10% from a year earlier and +2% from the quarter before. Operating margin was -8.6%, net loss $2.9B (236.9% of revenue).
Liberty Global, Q4 2025: revenue $1.2B (+10% year over year), operating margin -8.6%, net loss $2.9B, operating cash flow $631M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +2% | +10% |
| Operating profit | −$106M | — | — |
| Net earnings | −$2.9B | — | — |
| Operating cash flow | $631M | +109% | -20% |
| Free cash flow | $193M | — | -61% |
What changed
Revenue was $1.2B in Q4 2025, up 10% year over year and up 2% from the previous quarter. Broadband internet was the largest line at 20% of revenue.
Operating costs exceeded revenue by $0.11B, an operating margin of -8.6%. Total costs grew 14% against revenue growth of 10%. The fastest-growing cost line was Other operating costs (+32%). The quarter ended with a net loss of $2.9B, wider than the previous quarter's $0.08B loss. Net interest and other expense of $2.8B was the main reason.
Operating cash flow was $0.63B (down 20% year over year). Non-cash charges added back $0.28B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items added $3.2B. Capital expenditures of $0.44B left free cash flow of $0.19B.
Questions
What was Liberty Global's revenue in the fourth quarter 2025?
Liberty Global (LBTYA) reported revenue of $1.2B for the fourth quarter 2025 (Q4 2025), +10% from a year earlier and +2% from the quarter before.
Was Liberty Global profitable in the fourth quarter 2025?
Operating loss was $106M (-8.6% of revenue) and net loss $2.9B.
Source: Liberty Global 10-K on SEC EDGAR.