Liberty Global Ltd
libertyglobal.comWhat Do They Do?
Provides broadband and mobile connectivity and entertainment services to residential and business customers in Europe. Also invests in technology, media, sports and infrastructure businesses and provides services to affiliates and third parties.
10-K for FY2025, filed Feb 18, 2026We are an international provider of broadband internet, video, fixed-line telephony and mobile communications services to residential…View ↗
Broadband internet services. We offer multiple tiers of broadband internet service up to Gigabit speeds depending on location. We continue…View ↗
Video services. We provide video services, including various enhanced products that enable our customers to control when they watch their…View ↗
Mobile services. We offer voice and data mobile services, either over our own networks or as an MVNO over third-party networks, depending…View ↗
Other. We provide premium electric car racing content through our controlling interest in Formula E. We also have significant investments…View ↗
How Do They Make Money?
Customers pay for fixed-line and mobile services as they are provided; handset sales are paid when delivered. Liberty Global also earns fees from affiliate and third-party services as provided, plus Formula E sponsorship, broadcast, team, ticketing and event fees tied to the racing season or individual events.
10-K for FY2025, filed Feb 18, 2026Service Revenue — Fixed Networks. We recognize revenue from the provision of broadband internet, video and fixed-line telephony services…View ↗
Mobile Revenue — Airtime Services. We recognize revenue from mobile services in the period in which the related services are provided.…View ↗
Mobile Revenue — Handset Revenue. Revenue from the sale of handsets is recognized at the point in which the goods have been transferred to…View ↗
Other Revenue — Services. We provide services to certain third parties and affiliates, including the VMO2 JV and the VodafoneZiggo JV…View ↗
Other Revenue — Formula E Global Revenue. Formula E’s global revenue primarily comes from global sponsorship contracts, with additional…View ↗
Other Revenue — Formula E Race Revenue. Formula E’s race revenue comprises fees paid by local promoters to host race events, income from…View ↗
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10-K for FY2025, filed Feb 18, 2026
FY2025 revenue by product or service ↗
$4.9B
-
10-K for FY2025, filed Feb 18, 2026
$4.9B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Total residential fixed revenue
Recurring
10-K for FY2025, filed Feb 18, 2026 |
36%
FY2022: 41%
|
Total residential fixed revenue, FY2025
$1.8B Sources
|
Recurring |
|
Total residential revenue
Recurring
10-K for FY2025, filed Feb 18, 2026 |
50%
FY2022: 57%
|
Total residential revenue, FY2025
$2.4B Sources
|
Recurring |
|
Total B2B revenue
|
18%
FY2022: 20%
|
Total B2B revenue, FY2025
$899.1M Sources
|
|
|
Other revenue
|
32%
FY2022: 23%
|
Other revenue, FY2025
$1.5B Sources
|
Who Are Their Customers?
Residential customers and businesses use communications services from Liberty Global's operating companies; its central services platform also serves affiliates and third parties.
10-K for FY2025, filed Feb 18, 2026We are an international provider of broadband internet, video, fixed-line telephony and mobile communications services to residential…View ↗
Other. We provide premium electric car racing content through our controlling interest in Formula E. We also have significant investments…View ↗
We view our business in three strategic complementary platforms, “Liberty Telecom” (our converged broadband, video and mobile…View ↗
Do Revenues Turn Into Profits?
No. It lost $7.1B in FY2025.
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Jul 24, 2026
−$365.1MView ↗
- ▼ −87% (Loss)
- vs −$2.8B in Q2 FY2025
10-Q for Q2 FY2026, filed Jul 24, 2026
Open tableView ↗
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Aug 3, 2026
Completed VodafoneZiggo buyout and outlined a Ziggo Group spin-off
Liberty Global acquired Vodafone's stake, owns all of VodafoneZiggo, and plans to distribute its Ziggo Group interest and seek an Amsterdam listing, subject to approvals.
Sources
8-K, filed Aug 3, 2026
On August 3, 2026, Liberty Global announced, among other things, the July 31. 2026 completion of its acquisition of Vodafone Group Plc's…View ↗
Shrinking. Revenue fell 53% in 4 years, from $10.3B in FY2021 to $4.9B in FY2025, about 17% a year.
Swiss telecom exit
The older report included Switzerland among Liberty Global's operating markets; the latest says those operations were spun off and are treated as discontinued operations.
10-K for FY2022, filed Feb 22, 2023 10-K for FY2025, filed Feb 18, 2026Prior to the completion of the Spin-off on November 8, 2024, we also provided residential and B2B communications services in Switzerland…View ↗
Services platform
The older report described a communications business and ventures arm; the latest also presents Liberty Services, which provides technology, operational and financial services to affiliates and third parties.
10-K for FY2022, filed Feb 22, 2023 10-K for FY2025, filed Feb 18, 2026
Formula E
The older report listed Formula E as an investment; the latest describes a controlling interest that generates revenue from premium electric-car racing content.
10-K for FY2022, filed Feb 22, 2023 10-K for FY2025, filed Feb 18, 2026We are Liberty Global plc (Liberty Global), an international converged fixed and mobile communications company, providing world-class…View ↗
Who Do They Compete With?
Competes with Proximus, Orange Belgium, Digi, Eir, SIRO, Sky Ireland, BT, Sky, TalkTalk, Vodafone, KPN, Odido, HBO Now, Prime Video, Netflix, Disney+, and AppleTV+
10-K for FY2025, filed Feb 18, 2026Telenet faces competition from Proximus, which provides FMC bundles, DSL (up to 100 Mbps) and fiber (up to 2 bps) with ongoing network…View ↗
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