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How Liberty Global (LBTYA) makes money

Liberty Global (LBTYA) made $1.9B of revenue in the third quarter 2026 (Q3 2026), +59% from a year earlier. Total residential revenue brought in $1.1B (59%); Total B2B revenue brought in $441M (23%); Subscription revenue brought in $272M (14%).

Drawing the Sankey…

Liberty Global revenue by segment, Q3 2026Liberty Global revenue by segment, Q3 2026Total residential revenue$1.1BTotal B2B revenue$441MSubscription revenue$272MFixed-line telephony$55.3MNon-subscription revenue$12.3M
Liberty Global revenue by quarterLiberty Global revenue by quarter$1.2BQ1 2025$1.3BQ2 2025$1.2BQ3 2025$1.2BQ4 2025$1.3BQ1 2026$1.2BQ2 2026$1.9BQ3 2026
Liberty Global: where each dollar of revenue goesLiberty Global: where each dollar of revenue goesOperating cash flow32¢Free cash flow10¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Total residential revenue$1.1B59.3%+49%+45%
  ↳ Broadband internet$391M20.3%+57%+58%
  ↳ Other revenue$336M17.5%-4%-4%
  ↳ Video$327M17.0%+148%+113%
  ↳ Non-subscription revenue$86.5M4.5%+150%+138%
Total B2B revenue$441M23.0%+90%+89%
  ↳ Subscription revenue$224M11.7%+98%+92%
  ↳ Non-subscription revenue$217M11.3%+83%+86%
Subscription revenue$272M14.2%+109%+108%
Fixed-line telephony$55.3M2.9%+57%+16%
Non-subscription revenue$12.3M0.6%+54%+48%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$1.9B100.0%
Operating cash flow$606M31.5%
Free cash flow$185M9.6%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$1.9B+59%
Q2 2026$1.2B-8%
Q1 2026$1.3B+9%
Q4 2025$1.2B+10%
Q3 2025$1.2B+13%
Q2 2025$1.3B+20%
Q1 2025$1.2B+7%

From Liberty Global's 10-Q filed Nov 3, 2026 (on EDGAR).

Questions

How does Liberty Global make money?

Liberty Global (LBTYA) made $1.9B of revenue in the third quarter 2026 (Q3 2026), +59% from a year earlier. Total residential revenue brought in $1.1B (59%); Total B2B revenue brought in $441M (23%); Subscription revenue brought in $272M (14%).

What is Liberty Global's biggest business?

Total residential revenue: $1.1B in the third quarter 2026, 59% of revenue, +45% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.