Overview
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- TickerLBTYA on Nasdaq1
- IndustryCable & Other Pay Television Services1
- HeadquartersHamilton, Bermuda1
- Business addressClarendon House,, 2 Church Street, Hamilton, D0 Hm 113
- Filer categoryLarge accelerated filer3
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We are Liberty Global Ltd. ( Liberty Global ), a dynamic team of operators and investors generating and delivering long-term shareholder value through the strategic management of three complementary platforms: Liberty Telecom, Liberty Growth and Liberty Services.5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
-0.5%Operating margin2
-146.3%Net margin2
12.4%Revenue growth, 20252
-73.3%Return on equity2
0.80×Debt to equity2
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Broadband Internet brought in 19% of the revenue Liberty Global Ltd. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Broadband Internet | $872.0M | $890.6M | $949.6M |
| Business to Business | $858.6M | $842.8M | $899.1M |
| Mobile Residential | $674.9M | $656.4M | $669.4M |
| Video | $616.2M | $598.2M | $600.4M |
| Mobile Subscription | $487.1M | $487.1M | $500.3M |
| Business to Business Non-Subscription | $440.8M | $411.3M | $452.1M |
| Business to Business Subscription | $417.8M | $431.5M | $447.0M |
| Fixed-line Telephony | $217.0M | $196.0M | $185.9M |
| Mobile Non-Subscription | $187.8M | $169.3M | $169.1M |
| Non-subscription Revenue | $21.3M | $21.6M | $27.6M |
Business segments
Telenet brought in 87% of the revenue Liberty Global Ltd. broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Telenet | $3.1B | $3.1B | $3.2B |
| Ireland | $502.3M | $487.9M | $494.8M |
Regions
BE brought in 85% of the revenue Liberty Global Ltd. broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| BE | $2.9B | $2.9B | $3.0B |
| I E | $506.1M | $491.4M | $494.8M |
| SK | $51.8M | $51.1M | $53.5M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue34¢$1.7B
- Selling, general and admin25¢$1.2B
- Other costs39¢$1.9B
- Income tax2¢$75.8M
Out of $4.9B in revenue.2 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Share buybacks16¢$192.1M
- Kept or used elsewhere84¢$1.0B
Out of $1.2B of cash from operations.2
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenue (notes 4, 6, 7 and 19) | $4.9B | $4.3B | $4.1B |
| Programming and other direct costs of services (note 12) | $1.7B | $1.5B | $1.3B |
| Other operating (notes 12 and 15) | $878.8M | $761.1M | $765.5M |
| Selling, general and administrative (SG&A) (notes 12 and 15) | $1.2B | $1.1B | $1.1B |
| Depreciation and amortization (note 10) | $1.0B | $1.0B | $1.2B |
| Impairment, restructuring and other operating items, net (notes 10 and 12) | $90.0M | $49.6M | $43.0M |
| Operating costs and expenses | $4.9B | $4.4B | $4.4B |
| Operating loss | -$23.3M | -$60.1M | -$313.8M |
| Interest expense | -$497.5M | -$574.7M | -$505.0M |
| Realized and unrealized gains (losses) on derivative instruments, net (note 8) | -$567.4M | $315.2M | $78.3M |
| Foreign currency transaction gains (losses), net | -$3.1B | $1.8B | -$719.7M |
| Realized and unrealized gains (losses) due to changes in fair values of certain investments, net (notes 7 and 9) | $147.8M | -$28.4M | -$556.6M |
| Losses on debt extinguishment, net (note 11) | -$20.1M | $0 | -$1.4M |
| Share of results of affiliates, net (note 7) | -$3.2B | -$205.6M | -$2.0B |
| Gain on sale of All3Media | $0 | $242.9M | $0 |
| Gain associated with the Formula E Acquisition (note 5) | $0 | $190.7M | $0 |
| Gain associated with the Telenet Wyre Transaction (note 5) | $0 | $0 | $377.8M |
| Other income, net | $96.0M | $201.8M | $212.8M |
| Non-operating income (expense) | -$7.1B | $1.9B | -$3.1B |
| Earnings (loss) from continuing operations before income taxes | -$7.2B | $1.8B | -$3.4B |
| Income tax benefit (expense) (note 13) | $75.8M | $30.8M | -$213.1M |
| Earnings (loss) from continuing operations | -$7.1B | $1.9B | -$3.7B |
| Loss from discontinued operations, net of taxes (note 6) | $0 | -$223.2M | -$214.7M |
| Net earnings (loss) | -$7.1B | $1.6B | -$3.9B |
| Net earnings attributable to noncontrolling interests | -$41.4M | -$57.9M | -$177.9M |
| Net earnings (loss) attributable to Liberty Global shareholders | -$7.1B | $1.6B | -$4.1B |
| Continuing operations, basic (in dollars per share) | -$21 | $5 | -$9 |
| Discontinued operations, basic (in dollars per share) | $0 | -$1 | -$0 |
| Basic earnings (loss) attributable to Liberty Global shareholders per share (in dollars per share) | -$20.86 | $4.33 | -$9.52 |
| Continuing operations, diluted (in dollars per share) | -$21 | $5 | -$9 |
| Discontinued operations, diluted (in dollars per share) | $0 | -$1 | -$0 |
| Diluted earnings (loss) attributable to Liberty Global shareholders per share (in dollars per share) | -$20.86 | $4.23 | -$9.52 |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $2.1B | $1.8B | $1.4B | |
| Trade receivables, net (note 3) | $558.2M | $449.8M | ||
| Short-term investments (measured at fair value on a recurring basis) (note 7) | $76.2M | $335.6M | ||
| Derivative instruments (note 8) | $135.0M | $287.0M | ||
| Other current assets (notes 4, 6 and 7) | $545.6M | $411.6M | ||
| Total current assets | $3.4B | $3.3B | ||
| Investments and related notes receivable (including $1,631.5 million and $2,907.7 million, respectively, measured at fair value on a recurring basis) (note 7) | $7.7B | $11.7B | ||
| Property and equipment, net (notes 10 and 12) | $5.3B | $4.3B | ||
| Goodwill (note 10) | $3.5B | $3.2B | $3.3B | |
| Intangible assets subject to amortization, net (note 10) | $1.3B | $1.3B | ||
| Other assets, net (notes 4, 8, 12 and 13) | $1.4B | $1.7B | ||
| Total assets | $22.6B | $25.4B | ||
| Accounts payable | $478.7M | $371.2M | ||
| Deferred revenue (note 4) | $291.9M | $285.3M | ||
| Current portion of debt and finance lease obligations (notes 11 and 12) | $764.0M | $898.5M | ||
| Accrued capital expenditures | $158.0M | $226.5M | ||
| Accrued income taxes | $218.2M | $272.5M | ||
| Other accrued and current liabilities (notes 6, 8 and 12) | $1.2B | $1.1B | ||
| Total current liabilities | $3.2B | $3.1B | ||
| Long-term debt and finance lease obligations (notes 11 and 12) | $7.8B | $8.2B | ||
| Long-term operating lease liabilities (note 12) | $739.7M | $677.5M | ||
| Other long-term liabilities (notes 4, 8 and 13) | $920.4M | $881.5M | ||
| Total liabilities | $12.7B | $12.9B | ||
| Additional paid-in capital | $712.4M | $777.0M | ||
| Accumulated earnings | $5.1B | $12.2B | ||
| Accumulated other comprehensive earnings (loss), net of taxes | $3.9B | -$657.0M | ||
| Treasury shares, at cost | -$100.0K | -$100.0K | ||
| Total Liberty Global shareholders | $9.7B | $12.4B | ||
| Noncontrolling interests | $210.1M | $178.4M | ||
| Total equity | $9.9B | $12.5B | $19.0B | $22.6B |
| Total liabilities and equity | $22.6B | $25.4B | ||
| Investments and receivables at fair value | $1.6B | $2.9B |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $2.1B | $1.8B | $1.4B | |
| Trade receivables, net (note 3) | $558.2M | $449.8M | ||
| Short-term investments (measured at fair value on a recurring basis) (note 7) | $76.2M | $335.6M | ||
| Derivative instruments (note 8) | $135.0M | $287.0M | ||
| Other current assets (notes 4, 6 and 7) | $545.6M | $411.6M | ||
| Total current assets | $3.4B | $3.3B | ||
| Investments and related notes receivable (including $1,631.5 million and $2,907.7 million, respectively, measured at fair value on a recurring basis) (note 7) | $7.7B | $11.7B | ||
| Property and equipment, net (notes 10 and 12) | $5.3B | $4.3B | ||
| Goodwill (note 10) | $3.5B | $3.2B | $3.3B | |
| Intangible assets subject to amortization, net (note 10) | $1.3B | $1.3B | ||
| Other assets, net (notes 4, 8, 12 and 13) | $1.4B | $1.7B | ||
| Total assets | $22.6B | $25.4B | ||
| Accounts payable | $478.7M | $371.2M | ||
| Deferred revenue (note 4) | $291.9M | $285.3M | ||
| Current portion of debt and finance lease obligations (notes 11 and 12) | $764.0M | $898.5M | ||
| Accrued capital expenditures | $158.0M | $226.5M | ||
| Accrued income taxes | $218.2M | $272.5M | ||
| Other accrued and current liabilities (notes 6, 8 and 12) | $1.2B | $1.1B | ||
| Total current liabilities | $3.2B | $3.1B | ||
| Long-term debt and finance lease obligations (notes 11 and 12) | $7.8B | $8.2B | ||
| Long-term operating lease liabilities (note 12) | $739.7M | $677.5M | ||
| Other long-term liabilities (notes 4, 8 and 13) | $920.4M | $881.5M | ||
| Total liabilities | $12.7B | $12.9B | ||
| Additional paid-in capital | $712.4M | $777.0M | ||
| Accumulated earnings | $5.1B | $12.2B | ||
| Accumulated other comprehensive earnings (loss), net of taxes | $3.9B | -$657.0M | ||
| Treasury shares, at cost | -$100.0K | -$100.0K | ||
| Total Liberty Global shareholders | $9.7B | $12.4B | ||
| Noncontrolling interests | $210.1M | $178.4M | ||
| Total equity | $9.9B | $12.5B | $19.0B | $22.6B |
| Total liabilities and equity | $22.6B | $25.4B | ||
| Investments and receivables at fair value | $1.6B | $2.9B |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net loss | -$7.1B | $1.6B | -$3.9B |
| Loss from discontinued operations | $0 | -$223.2M | -$214.7M |
| Earnings (loss) from continuing operations | -$7.1B | $1.9B | -$3.7B |
| Share-based compensation expense | $169.4M | $168.3M | $204.8M |
| Depreciation and amortization | $1.0B | $1.0B | $1.2B |
| Impairment, restructuring and other operating items, net | $90.0M | $49.6M | $43.0M |
| Amortization of deferred financing costs and non-cash interest | $49.9M | $64.8M | $60.0M |
| Realized and unrealized losses (gains) on derivative instruments, net | $567.4M | -$315.2M | -$78.3M |
| Foreign currency transaction losses (gains), net | $3.1B | -$1.8B | $719.7M |
| Realized and unrealized losses (gains) due to changes in fair values of certain investments, net | -$147.8M | $28.4M | $556.6M |
| Losses on debt extinguishment, net | $20.1M | $0 | $1.4M |
| Share of results of affiliates, net | $3.2B | $205.6M | $2.0B |
| Deferred income tax expense (benefit) | -$121.7M | -$53.1M | $45.8M |
| Gain on sale of All3Media | $0 | -$242.9M | $0 |
| Gain associated with the Formula E Acquisition | $0 | -$190.7M | $0 |
| Gain associated with the Telenet Wyre Transaction | $0 | $0 | -$377.8M |
| Receivables and other operating assets | $216.6M | $410.5M | $592.0M |
| Payables and accruals | -$201.1M | -$303.0M | -$681.4M |
| Net cash provided by operating activities of continuing operations | $1.2B | $1.3B | $1.2B |
| Net cash provided by operating activities of discontinued operations | $0 | $701.7M | $966.6M |
| Net cash provided by operating activities | $1.2B | $2.0B | $2.2B |
| Capital expenditures, net | -$1.3B | -$908.5M | -$921.9M |
| Cash received from the sale of investments | $1.0B | $4.5B | $7.0B |
| Cash paid for investments | -$599.1M | -$2.9B | -$8.1B |
| Dividend distributions received from the VMO2 JV | $9.0M | $206.4M | $815.2M |
| Cash received in connection with the sale of All3Media | $0 | $411.7M | $0 |
| Cash paid in connection with the Formula E Acquisition, net of cash acquired | $0 | -$199.1M | $0 |
| Other investing activities, net | $44.0M | -$15.9M | -$31.2M |
| Net cash provided (used) by investing activities of continuing operations | -$874.9M | $1.1B | -$1.3B |
| Net cash used by investing activities of discontinued operations | $0 | -$460.8M | -$564.8M |
| Net cash provided (used) by investing activities | -$874.9M | $684.7M | -$1.8B |
| Borrowings of debt | $764.7M | $203.7M | $3.2B |
| Operating-related vendor financing additions | $312.4M | $372.3M | $346.2M |
| Debt (excluding vendor financing) | -$691.0M | -$25.5M | -$1.0B |
| Principal payments on operating-related vendor financing | -$369.4M | -$363.7M | -$376.2M |
| Principal payments on capital-related vendor financing | -$79.6M | -$114.0M | -$119.3M |
| Principal payments on finance leases | -$5.4M | -$5.6M | -$21.0M |
| Repurchases of Liberty Global common shares | -$192.1M | -$689.8M | -$1.5B |
| Net cash received related to derivative instruments | $83.0M | $5.7M | $2.6M |
| Cash and cash equivalents and restricted cash contributed to Sunrise in connection with the Spin-off | $0 | -$128.4M | $0 |
| Dividend distributions by subsidiaries to noncontrolling interest owners | $0 | -$400.0K | -$46.9M |
| Acquisition of shares in connection with the Telenet Takeover Bid | $0 | $0 | -$985.7M |
| Other financing activities, net | -$48.7M | -$60.5M | -$61.8M |
| Net cash used by financing activities of continuing operations | -$226.1M | -$806.2M | -$595.2M |
| Net cash used by financing activities of discontinued operations | $0 | -$1.4B | -$97.2M |
| Net cash used by financing activities | -$226.1M | -$2.3B | -$692.4M |
| Continuing operations | $154.7M | -$64.0M | $57.9M |
| Discontinued operations | $0 | -$4.1M | $4.1M |
| Total | $154.7M | -$68.1M | $62.0M |
| Continuing operations | $264.8M | $1.6B | -$618.2M |
| Discontinued operations | $0 | -$1.2B | $308.7M |
| Total | $264.8M | $399.4M | -$309.5M |
| Continuing operations | $469.8M | $514.3M | $479.8M |
| Discontinued operations | $0 | $378.1M | $405.4M |
| Total | $469.8M | $892.4M | $885.2M |
| Continuing operations | $199.8M | $195.2M | $499.0M |
| Discontinued operations | $0 | $1.3M | -$4.7M |
| Total | $199.8M | $196.5M | $494.3M |
No quarter-by-quarter statement was filed.
Corporate structure
Liberty Global Ltd. sits at the top of its group. 74 entities, 14 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Liberty Global Ltd.
- Wolf Hill Capital Management, LP Filed SCHEDULE 13G/A on Liberty Global Ltd., latest Aug 13, 2026 (2 filings since May 14, 2026)
- ACR Alpine Capital Research, LLC Filed SCHEDULE 13G/A on Liberty Global Ltd., latest Apr 9, 2026 (4 filings since Dec 13, 2024)
- DIMENSIONAL FUND ADVISORS LP Filed SCHEDULE 13G on Liberty Global Ltd., latest Apr 9, 2026
- AQR CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on Liberty Global Ltd., latest Feb 13, 2026
- Rubric Capital Management LP Filed SCHEDULE 13G on Liberty Global Ltd., latest Feb 13, 2026
- BlackRock Filed SCHEDULE 13G on Liberty Global Ltd., latest Jan 21, 2026 (3 filings since Feb 13, 2024)
- John C. Malone Filed SCHEDULE 13D/A on Liberty Global Ltd., latest May 13, 2025 (2 filings since May 13, 2025)
- HARRIS ASSOCIATES L P Filed SC 13G/A on Liberty Global Ltd., latest Nov 14, 2024 (6 filings since Feb 11, 2022)
- Artisan Partners Limited Partnership Filed SC 13G/A on Liberty Global Ltd., latest Nov 12, 2024 (4 filings since Feb 4, 2022)
- Luxor Capital Group, LP Filed SC 13G/A on Liberty Global Ltd., latest Feb 14, 2024 (3 filings since Feb 14, 2022)
- Berkshire Hathaway Filed SC 13G/A on Liberty Global Ltd., latest Feb 14, 2022
- CASCADE INVESTMENT, L.L.C. Filed SC 13G/A on Liberty Global Ltd., latest Feb 11, 2022
- Liberty Global Ltd. Hamilton, Bermuda
- Lionsgate Studios Stake · Santa Monica, California, United States
- STARZ ENTERTAINMENT CORP /CN/ Stake · Santa Monica, California
- Vodafone Stake · Newbury, United Kingdom
- Beci-Brussels Chamber of Commerce ASBL Subsidiary · Belgium
- Blossom Energy BV Subsidiary · Belgium
- Channel 6 Broadcasting Limited Subsidiary · Ireland
- Connectify NV Subsidiary · Belgium
- Cullen Broadcasting Limited Subsidiary · Ireland
- Doccle BV Subsidiary · Belgium
- Doccle.Up NV Subsidiary · Belgium
- Décor Oyenbrug BV Subsidiary · Belgium
- Eltrona Interdiffusion S.A. Subsidiary · Luxembourg
- Fabiola BV Subsidiary · Belgium
- Formula E Brazil Ltda Subsidiary · Brazil
- Formula E Holdings Limited Subsidiary · Hong Kong
- Formula E Mexico Race Operations S de R.L. de C.V. (Mexico) Subsidiary · Mexico
- Formula E Spain Operations S.L. Subsidiary · Spain
- Instelling voor bedrijfspensioenvoorziening Telenet OFP Subsidiary · Belgium
- Labesa Holding BV Subsidiary · Netherlands
- LGI Ventures BV Subsidiary · Netherlands
- Liberty Blume BV Subsidiary · Netherlands
- Liberty Global Belgium Holding BV Subsidiary · Netherlands
- Liberty Global Benelux BV Subsidiary · Netherlands
- Liberty Global Benelux Property Holding BV Subsidiary · Netherlands
- Liberty Global Business to Business BV Subsidiary · Netherlands
- and 48 more
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G; stakes of 5% or more it reported on Schedules 13D and 13G (3 companies). Each entity in the chart links to its source.
What it owns
What Liberty Global Ltd. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Finance-lease assets | $37.1M2 Dec 31, 2025 | $38.2M2 Dec 31, 2024 | −2.9% |
| Operating-lease assets (leased space) | $773.6M2 Dec 31, 2025 | $710.5M2 Dec 31, 2024 | +8.9% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $2.1B2 Dec 31, 2025 | $1.8B2 Dec 31, 2024 | +14.6% |
| Marketable securities, current | $76.2M2 Dec 31, 2025 | $335.6M2 Dec 31, 2024 | −77.3% |
| Debt securities available for sale | $76.2M2 Dec 31, 2025 | $433.1M2 Dec 31, 2024 | −82.4% |
| Equity securities at fair value | $1.6B2 Dec 31, 2025 | $2.8B2 Dec 31, 2024 | −41.9% |
| Stakes in other companies (equity method) | $6.1B2 Dec 31, 2025 | $8.8B2 Dec 31, 2024 | −31.0% |
| Long-term investments | $7.7B2 Dec 31, 2025 | $11.7B2 Dec 31, 2024 | −34.2% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $3.5B2 Dec 31, 2025 | $3.2B2 Dec 31, 2024 | +11.1% |
| Finite-lived intangibles, gross | $2.1B2 Dec 31, 2025 | $1.9B2 Dec 31, 2024 | +11.3% |
| Accumulated amortization | $781.3M2 Dec 31, 2025 | $624.4M2 Dec 31, 2024 | +25.1% |
| Finite-lived intangibles, net | $1.3B2 Dec 31, 2025 | $1.3B2 Dec 31, 2024 | +4.6% |
Properties, in its own words
We lease our corporate offices in London, U.K., in Denver, Colorado, U.S. and in Amsterdam, the Netherlands. All of our other real or personal property is owned or leased by our subsidiaries and affiliates.
Our subsidiaries and affiliates own or lease the fixed assets necessary for the operation of their respective businesses, including office space, transponder space, head-end facilities, rights of way, cable television and telecommunications distribution equipment, telecommunications switches, base stations, cell towers, CPE and other property necessary for their operations. The physical components of their broadband networks require maintenance and periodic upgrades to support the new services and products they introduce. Subject to these maintenance and upgrade activities, our management believes that our current facilities are suitable and adequate for our business operations for the foreseeable future.
Item 2 of the 10-K filed Feb 18, 2026.5
Leadership
Who has led Liberty Global Ltd., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
201520202025
- Chief executive officerMichael T. Fries Jun 17, 2013 to now17
- PresidentMichael T. Fries Jun 17, 2013 to now17
- Chief financial officerBernard G. Dvorak Jun 17, 2013 to Feb 8, 201718
- Chief financial officerCharles H. R. Bracken Jun 17, 2013 to now19
Board members and other officers (18)
- SVP, CHIEF DEVELOPMENT OFFICERAndrea Salvato Jun 21, 2019 to now20
- EVP, Chief Technology OfficerEnrique Rodriguez Jul 23, 2018 to now21
- SVP & CAOJason Waldron Jan 6, 2017 to now22
- EVP & CTOBalan Nair Jun 17, 2013 to Feb 14, 201823
- EVP, Gen Counsel & SecretaryBryan H. Hall Jun 17, 2013 to now24
- EVP, European BB OpsDiederik Karsten Jun 17, 2013 to May 3, 201825
- Board memberMarisa D. Drew Mar 25, 2022 to now26
- Board memberAndrew Cole Jun 17, 2013 to now27
- Board memberDavid E. Rapley Jun 17, 2013 to Nov 12, 202128
- Board memberJ. C. Sparkman Jun 17, 2013 to Jul 2, 202029
- Board memberJ. David Wargo Jun 17, 2013 to now30
- Board memberJohn C. Malone Jun 17, 2013 to now31
- Board memberJohn P. Cole Jr. Jun 17, 2013 to Jun 8, 201632
- Board memberJohn W. Dick Jun 17, 2013 to Apr 27, 202333
- Board memberLarry E. Romrell Jun 17, 2013 to now34
- Board memberMichael T. Fries Jun 17, 2013 to now17
- Board memberMiranda Curtis Jun 17, 2013 to now35
- Board memberPaul A. Gould Jun 17, 2013 to now36
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Beci-Brussels Chamber of Commerce ASBL Belgium4
- Blossom Energy BV Belgium4
- Channel 6 Broadcasting Limited Ireland4
- Connectify NV Belgium4
- Cullen Broadcasting Limited Ireland4
- Doccle BV Belgium4
- Doccle.Up NV Belgium4
- Décor Oyenbrug BV Belgium4
- Eltrona Interdiffusion S.A. Luxembourg4
- Fabiola BV Belgium4
- Formula E Brazil Ltda Brazil4
- Formula E Holdings Limited Hong Kong4
- Formula E Mexico Race Operations S de R.L. de C.V. (Mexico) Mexico4
- Formula E Spain Operations S.L. Spain4
- Instelling voor bedrijfspensioenvoorziening Telenet OFP Belgium4
- LGI Ventures BV Netherlands4
- Labesa Holding BV Netherlands4
- Liberty Blume BV Netherlands4
- Liberty Global Belgium Holding BV Netherlands4
- Liberty Global Benelux BV Netherlands4
- Liberty Global Benelux Property Holding BV Netherlands4
- Liberty Global Business to Business BV Netherlands4
- Liberty Global Communication Services BV Netherlands4
- Liberty Global Corporate BV Netherlands4
All 73 listed subsidiaries
- Liberty Global Europe Holding BV Netherlands4
- Liberty Global Europe Management BV Netherlands4
- Liberty Global Holding BV Netherlands4
- Liberty Global Holding Company Limited Malta4
- Liberty Global Insurance Company Limited Malta4
- Liberty Global Ltd. Bermuda4
- Liberty Global Luxembourg Sàrl Luxembourg4
- Liberty Global Network BV Netherlands4
- Liberty Global ServCo BV Netherlands4
- Liberty Global Technology Services BV Netherlands4
- Liberty Global Ventures Group Holding BV Netherlands4
- Liberty Global Ventures Holding BV Netherlands4
- Liberty Global Ventures Holding II BV Netherlands4
- Liberty Global Ventures Holding III BV Netherlands4
- Liberty Networks Europe Holding BV Netherlands4
- Liberty Property Holdco I Sàrl Luxembourg4
- MaRo NV Belgium4
- Master of Madness BV Belgium4
- Monaco Sports Group S.A.M. Monaco4
- Native Nation BV Belgium4
- Play Media NV Belgium4
- Primitives NV Belgium4
- Roger BV Belgium4
- Telenet BV Belgium4
- Telenet Finance Luxembourg Notes Sàrl Luxembourg4
- Telenet Group Holding NV Belgium4
- Telenet Group NV/SA Belgium4
- Telenet International Finance Sàrl Luxembourg4
- Telenet Retail BV Belgium4
- Telenet Solutions Luxembourg NV Luxembourg4
- Telenet Vlaanderen NV Belgium4
- The Park Entertainment BV Netherlands4
- The Park Entertainment NV Belgium4
- Tullamore Beta Limited Ireland4
- UPC CEE HoldCo BV Netherlands4
- UPC Digital Infrastructure Romania SRL Romania4
- UPC Poland Holding BV Netherlands4
- UPC Slovakia Holding I BV Netherlands4
- UPC Slovakia Holding II BV Netherlands4
- Ucast BV Belgium4
- VMIE Group Holdings Limited Ireland4
- Virgin Media Ireland Limited Ireland4
- Virgin Media Television Limited Ireland4
- Woestijnvis NV Belgium4
- Wyre BV Belgium4
- Wyre Finance BV Belgium4
- Wyre Holding BV Belgium4
- Wyre Holding II BV Belgium4
- Wyre Holding III BV Belgium4
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
Timeline
- Oct 14, 20268-K Results of operations37
- Oct 13, 20268-K Financial statements and exhibits38
- Sep 1, 20268-K Regulation FD disclosure39
- Aug 13, 20268-K Regulation FD disclosure40
- Aug 6, 20268-K Entered a material agreement; Completed an acquisition or sale41
- Aug 3, 20268-K Regulation FD disclosure; Other events42
- Jul 28, 20268-K Other events43
- Jul 24, 20268-K Results of operations; Regulation FD disclosure44
- Jun 25, 20268-K Shareholder vote45
- Jun 2, 20268-K Regulation FD disclosure46
- Jun 1, 20268-K Regulation FD disclosure47
- May 13, 20268-K Regulation FD disclosure48
- Jun 17, 2013New chief executive Michael T. Fries becomes CEO17
Calendar
Coming up
- Nov 3, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported ($0.27) a share, on Oct 30, 2025.49
When it reported results
- Oct 14, 2026Reported quarterly or annual results37
- Jul 24, 2026Reported quarterly or annual results44
- May 1, 2026Reported quarterly or annual results50
- Feb 18, 2026Reported quarterly or annual results51
- Oct 30, 2025Reported quarterly or annual results52
- Aug 1, 2025Reported quarterly or annual results53
- May 2, 2025Reported quarterly or annual results54
- Feb 18, 2025Reported quarterly or annual results55
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
666 filings to the SEC since October 2021: 10 annual reports, 15 quarterly reports, 197 major events, 326 insider forms, 30 large holders, 88 other. The latest 20:
- Oct 14, 20268-K EDGAR
- Oct 13, 20268-K/A EDGAR
- Sep 1, 20268-K EDGAR
- Aug 13, 20268-K EDGAR
- Aug 13, 2026SCHEDULE 13G/A EDGAR
- Aug 6, 20268-K EDGAR
- Aug 3, 20268-K EDGAR
- Jul 28, 20268-K EDGAR
- Jul 24, 20268-K EDGAR
- Jul 24, 202610-Q EDGAR
- Jun 25, 20264 EDGAR
- Jun 25, 20264 EDGAR
- Jun 25, 20264 EDGAR
- Jun 25, 20264 EDGAR
- Jun 25, 20264 EDGAR
- Jun 25, 20264 EDGAR
- Jun 25, 20264 EDGAR
- Jun 25, 20264 EDGAR
- Jun 25, 20268-K EDGAR
- Jun 25, 20264 EDGAR
The 666 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
89 open-market trades by officers, directors and large owners since October 2021: 3 buys and 86 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jun 16, 2026 | WARGO J DAVIDDirector | Sale | 55,000 | $11.54 | $634.9K | Form 4 |
| Jun 11, 2026 | BRACKEN CHARLES H REVP & CFO | Sale | 115,459 | $11.80 | $1.4M | Form 4 |
| May 5, 2026 | Waldron JasonSVP & CAO | Sale | 26,311 | $11.75 | $309.1K | Form 4 |
| Mar 20, 2026 | GOULD PAUL ADirector | Sale | 20,000 | $11.49 | $229.8K | Form 4 |
| Mar 19, 2026 | GOULD PAUL ADirector | Sale | 25,000 | $11.81 | $295.4K | Form 4 |
| Mar 18, 2026 | GOULD PAUL ADirector | Sale | 55,000 | $11.99 | $659.6K | Form 4 |
| Mar 17, 2026 | GOULD PAUL ADirector | Sale | 100,000 | $12.19 | $1.2M | Form 4 |
| Dec 8, 2025 | BRACKEN CHARLES H REVP & CFO | Sale | 33,220 | $11.18 | $371.4K | Form 4 |
| Aug 25, 2025 | CURTIS MIRANDADirector | Sale | 42,600 | $11.77 | $501.4K | Form 4 |
| Aug 20, 2025 | BRACKEN CHARLES H REVP & CFO | Sale | 60,000 | $11.31 | $678.6K | Form 4 |
| Aug 19, 2025 | Salvato AndreaEVP, Chief Development Officer | Sale | 30,000 | $11.41 | $342.4K | Form 4 |
| Aug 18, 2025 | Salvato AndreaEVP, Chief Development Officer | Sale | 60,000 | $11.54 | $692.1K | Form 4 |
| Aug 15, 2025 | Waldron JasonSVP & CAO | Sale | 34,380 | $11.55 | $397.2K | Form 4 |
| May 15, 2025 | Waldron JasonSVP & CAO | Sale | 17,164 | $10.31 | $177.0K | Form 4 |
| May 14, 2025 | Waldron JasonSVP & CAO | Sale | 30,283 | $9.77 | $295.8K | Form 4 |
| Mar 17, 2025 | GOULD PAUL ADirector | Sale | 102,748 | $12.20 | $1.3M | Form 4 |
| Mar 17, 2025 | CURTIS MIRANDADirector | Sale | 41,600 | $12.18 | $506.7K | Form 4 |
| Mar 17, 2025 | Waldron JasonSVP & CAO | Sale | 27,687 | $12.16 | $336.7K | Form 4 |
| Mar 14, 2025 | GOULD PAUL ADirector | Sale | 13,427 | $12.03 | $161.5K | Form 4 |
| Mar 13, 2025 | GOULD PAUL ADirector | Sale | 86,573 | $12.03 | $1.0M | Form 4 |
All 89 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Wolf Hill Capital Management, LPSCHEDULE 13G/A, 2 filings May 14, 2026 to Aug 13, 202656
- ACR Alpine Capital Research, LLCSCHEDULE 13G/A, 4 filings Dec 13, 2024 to Apr 9, 202657
- DIMENSIONAL FUND ADVISORS LPSCHEDULE 13G, 1 filing Apr 9, 202658
- AQR CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Feb 13, 202659
- Rubric Capital Management LPSCHEDULE 13G, 1 filing Feb 13, 202660
- BlackRockSCHEDULE 13G, 3 filings Feb 13, 2024 to Jan 21, 202661
- John C. MaloneSCHEDULE 13D/A, 2 filings May 13, 202562
- HARRIS ASSOCIATES L PSC 13G/A, 6 filings Feb 11, 2022 to Nov 14, 202463
- Artisan Partners Limited PartnershipSC 13G/A, 4 filings Feb 4, 2022 to Nov 12, 202464
- Luxor Capital Group, LPSC 13G/A, 3 filings Feb 14, 2022 to Feb 14, 202465
- Berkshire HathawaySC 13G/A, 1 filing Feb 14, 202266
- CASCADE INVESTMENT, L.L.C.SC 13G/A, 1 filing Feb 11, 202267
- Goldman SachsSC 13G/A, 1 filing Jan 21, 202268
Stakes it holds
Liberty Global Ltd. has told the SEC it owns more than 5% of 3 companies, latest first (Schedules 13D and 13G).
- VodafoneSCHEDULE 13G/A Jul 10, 2024 to Aug 4, 202569
- Lionsgate StudiosSCHEDULE 13D May 8, 202570
- STARZ ENTERTAINMENT CORP /CN/SCHEDULE 13D/A May 15, 2024 to May 8, 202571
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Michael T. Fries | $3.0M | $37.7M72 | |
| 2025 | Charles H.R. Bracken | $1.3M | $12.9M72 | |
| 2025 | Enrique Rodriguez | $1.2M | $12.8M72 | |
| 2025 | Andrea Salvato | $1.1M | $11.7M72 | |
| 2025 | Bryan H. Hall | $1.3M | $9.4M72 | |
| 2024 | Chief Executive Officer & President | $2.6M | $45.7M72 | |
| 2024 | EVP & Chief Financial Officer | $1.2M | $13.3M72 | |
| 2024 | EVP & Chief Technology Officer | $1.2M | $13.1M72 | |
| 2024 | EVP & Chief Development Officer | $1.0M | $12.1M72 | |
| 2024 | EVP & General Counsel | $1.2M | $10.0M72 | |
| 2023 | Chief Executive Officer & President | $2.6M | $44.7M72 | |
| 2023 | EVP & Chief Financial Officer | $1.2M | $13.2M72 | |
| 2023 | EVP & Chief Development Officer | $959.6K | $11.0M72 | |
| 2023 | EVP & Chief Technology Officer | $1.1M | $9.8M72 | |
| 2023 | EVP & General Counsel | $1.2M | $9.3M72 |
Members of Congress who traded it
1 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Jul 12, 2023 | Daniel S. GoldmanDemocratic, House | Sale | $1,001 - $15,000 | +86.4% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
SEC filer profile
How Liberty Global Ltd. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARLiberty Global Ltd.1
- CIK0001570585
- Employer ID (EIN)98-17503815
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
- Incorporated inBermuda5
- Fiscal year endsDecember 311
- Industry code (SIC)4841 Cable & Other Pay Television Services1
- SEC reviewing officeOffice of Technology, Division of Corporation Finance1
- Business addressClarendon House,, 2 Church Street, Hamilton, D0 HM 111
- Mailing address1550 Wewatta St,, Suite 1000, Denver, CO 802021
- Phone303-220-66001
- Shares outstanding174,608,257 Common Class A shares; 12,968,658 Common Class B shares; 147,451,800 Common Class C shares as of Jan 31, 20265
- Public float$3.0B as of Jun 30, 20255
- AuditorKPMG LLP, Denver, Colorado PCAOB ID 185; it also attests to the company’s internal control over financial reporting5
- On EDGAR sinceMar 7, 20131
- Filings2,467 in all: 4 (1,033), 8-K (901), SC 13G/A (53), 5 (42), 10-Q (40), 3 (32), SC 13G (29), 425 (28)1
All 49 form types
CORRESP (26), DEFA14A (25), UPLOAD (24), 8-K/A (21), 11-K (19), 144 (19), 4/A (19), SC 13D/A (18), DEF 14A (14), 10-K (13), 10-K/A (11), S-8 (11), S-8 POS (11), 3/A (10), S-4/A (8), SC TO-I/A (5), SCHEDULE 13D/A (5), SCHEDULE 13G (5), SCHEDULE 13G/A (5), 424B3 (4), ARS (4), DEFM14A (3), EFFECT (3), S-4 (3), 25-NSE (2), 8-K12B (2), PREM14A (2), S-3ASR (2), SC 13D (2), SC TO-C (2), 10-Q/A (1), 15-12G (1), 5/A (1), 8-A12B (1), CERTNAS (1), D (1), POS EX (1), PRE 14A (1), PRER14A (1), SC TO-I (1), SCHEDULE 13D (1)
- Latest filingsAnnual report (10-K) Feb 18, 2026
Quarterly report (10-Q) Jul 24, 2026
Proxy statement (DEF 14A) Apr 29, 2026
Latest 8-K (8-K) Oct 14, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Class A common shares | LBTYA | Nasdaq Global Select Market |
| Class B common shares | LBTYB | Nasdaq Global Select Market |
| Class C common shares | LBTYK | Nasdaq Global Select Market |
From the cover page of the 10-K filed Feb 18, 2026 (Section 12(b) of the Exchange Act).5
Risk factors and legal proceedings
The risks Liberty Global Ltd. names in Item 1A of its 10-K filed Feb 18, 2026: 41 risks under these headings, as written.5
- Factors Relating to Competition and Technology
- We operate in increasingly competitive markets, and there is a risk that we will not be able to effectively compete with other service providers.
- Changes in technology may limit the competitiveness of and demand for our services.
- Our significant property and equipment additions may not generate a positive return.
- Failures in our or third-party technology or telecommunications systems, leakage of sensitive customer data or security breaches could significantly disrupt our operations, reduce our customer base and result in fines, litigation or lost revenue.
- The use of AI in our products, services, and business operations could give rise to legal or regulatory actions, damage our reputation or otherwise materially harm our business.
- We depend almost exclusively on our relationships with third-party programming providers and broadcasters for programming content, and a failure to acquire a wide selection of popular programming on acceptable terms could adversely affect our business.
- We depend on third-party suppliers and licensors to supply and support necessary equipment, software and certain services required for our businesses.
- High inflation could continue to adversely impact us.
- Spectrum cost and availability and regulation may adversely affect our business, financial condition and operating results.
- Certain of our businesses that offer mobile telephony and data services rely on the radio access networks of third-party wireless network providers to carry our mobile communications traffic.
- Factors Relating to Certain Financial Matters
The other 30 risks
- Our substantial leverage could limit our ability to obtain additional financing and have other adverse effects.
- Certain of our subsidiaries and joint ventures are subject to various debt instruments that contain restrictions on how we finance our operations and operate our businesses, which could impede our ability to engage in beneficial transactions.
- We are exposed to interest rate risks. Shifts in such rates may adversely affect the debt service obligations of our subsidiaries and joint ventures.
- We are subject to increasing operating costs and inflation risks, which may adversely affect our results of operations.
- Continuing uncertainties and challenging conditions in the global economy and in the countries in which we operate may adversely impact our business, financial condition and results of operations.
- We are exposed to sovereign debt and currency instability risks that could have an adverse impact on our liquidity, financial condition and cash flows.
- We may not freely access the cash of our operating companies.
- We are exposed to the risk of default by the counterparties to our cash and short-term investments, derivative and other financial instruments and undrawn debt facilities.
- We may not report net earnings.
- Factors Relating to Operations and Regulation
- Our businesses are conducted almost exclusively outside of the U.S., which gives rise to numerous operational risks.
- We are exposed to foreign currency exchange rate risk.
- Our businesses are subject to risks of adverse regulation.
- New and existing legislation, and interpretations thereof, may significantly alter the regulatory regimes applicable to us, which could adversely affect our competitive position and profitability, and we may become subject to more extensive regulation, particularly if we are deemed to possess SMP in any of the markets in which we operate.
- The U.K.’s departure from the E.U. could have a material adverse effect on our business, financial condition, results of operations or liquidity.
- We cannot be certain that we will be successful with respect to acquisitions, dispositions, joint ventures, partnerships or other similar transactions, or that we will achieve the anticipated benefits thereof.
- The expected synergies and benefits from our acquisitions and joint ventures may not be realized in the amounts anticipated or may not be realized within the expected time frame, and risks associated with the foregoing may also result from the extended delay in the integration of the companies.
- Our integration efforts may not be executed successfully, or such integration may be more difficult, time consuming or costly than expected. Operating costs, customer loss and business disruption, including maintaining relationships with employees, customers, suppliers or vendors, may be greater than expected.
- Our interests in the VodafoneZiggo JV, the VMO2 JV and the nexfibre JV are held pursuant to Shareholders’ Agreements that contain provisions relating to governance as well as transfer and exit rights, which, depending on the circumstances, may not be in the best interest of our company.
- We may have exposure to additional tax liabilities.
- Disputes with labor unions or works councils may adversely affect our ability to operate in our facilities as well as impact our financial results.
- Legislation enacted in Bermuda as to economic substance may affect our operations.
- The “Virgin” brand is used by certain of our consolidated subsidiaries and nonconsolidated joint ventures under licenses from Virgin Enterprises Limited and is not under the control of such subsidiaries. The activities of the group of companies utilizing the “Virgin” brand and other licensees could have a material adverse effect on the goodwill of customers towards our business as a licensee, and the licenses from Virgin Enterprises Limited can be terminated in certain circumstances.
- Other Factors
- We have not historically paid any cash dividends, and we may not pay dividends consistently or at all on any class of our common shares.
- The loss of certain key personnel could harm our business.
- John C. Malone has significant voting power with respect to corporate matters considered by our shareholders.
- It may be difficult for a third-party to acquire us, even if doing so may be beneficial to our shareholders.
- The enforcement of civil liabilities against us may be more difficult.
- Our Chairman of the Board of Directors also serves as our Chief Executive Officer (CEO).
- There are potential regulatory limitations on the ownership and transfer of our shares if our shares are delisted from Nasdaq.
- Geopolitical conflicts, energy shortages and other adverse incidents beyond our control could adversely affect our revenue and results of operations.
Legal proceedings
From time to time, our subsidiaries and affiliates become involved in litigation relating to claims arising out of their operations in the normal course of business. For additional information, see note 18 to our consolidated financial statements included in Part II of this Annual Report on Form 10-K.
The opening of Item 3, Legal Proceedings.5
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 22SEC EDGARJason Waldron, SVP & CAO
- 23SEC EDGARBalan Nair, EVP & CTO
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- 26SEC EDGARMarisa D. Drew, Board member
- 27SEC EDGARAndrew Cole, Board member
- 28SEC EDGARDavid E. Rapley, Board member
- 29SEC EDGARJ. C. Sparkman, Board member
- 30SEC EDGARJ. David Wargo, Board member
- 31SEC EDGARJohn C. Malone, Board member
- 32SEC EDGARJohn P. Cole Jr., Board member
- 33SEC EDGARJohn W. Dick, Board member
- 34SEC EDGARLarry E. Romrell, Board member
- 35SEC EDGARMiranda Curtis, Board member
- 36SEC EDGARPaul A. Gould, Board member
- 37SEC EDGARResults of operations
- 38SEC EDGARFinancial statements and exhibits
- 39SEC EDGARRegulation FD disclosure
- 40SEC EDGARRegulation FD disclosure
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- 43SEC EDGAROther events
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- 45SEC EDGARShareholder vote
- 46SEC EDGARRegulation FD disclosure
- 47SEC EDGARRegulation FD disclosure
- 48SEC EDGARRegulation FD disclosure
- 49NasdaqNasdaq calendar
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