Liberty Global Ltd. (LBTYA) Stock Price & Analysis
Liberty Global Ltd. (LBTYA) closed at USD 8.14 on Thursday, October 22, 2026, up 3.56% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 7.86; the Oct 22, 2026 session ranged USD 7.83–8.15 on volume of 3,876,675 shares. Market capitalization is $2.78B, with a 52-week range of USD 7.48–13.52 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:22 UTC.
Also available as compact Markdown for AI agents: nexqual.com/LBTYA.md
Key facts (LBTYA)
- Last four reported quarters (through Jun 30, 2026): revenue $4.88B, net income -$3.04B (-62.1% margin), free cash flow -$255M (SEC filings).
- 4 of 80 tracked superinvestors hold LBTYA (13F, Q2 2026): 0 new, 0 added, 2 reduced, 2 unchanged.
- Insider open-market sales, last ~7 months: 3 Form 4 filings, $2.3M; 3 not under a Rule 10b5-1 plan ($2.3M); 2 by opportunistic insiders (2 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 2.83 on a 1–5 scale) (12 analysts), mean target USD 14.47 (range 7–25).
- Total return with dividends: 1Y -25.9% vs S&P 500 +14.9%; 5Y -46.8% vs S&P 500 +80.3%.
- Next earnings: 2026-11-03, EPS estimate USD -0.33, revenue estimate $1.95B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (LBTYA)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $10.3B | $4.02B | $4.12B | $4.34B | $4.88B | $4.88B |
| Gross profit | $7.29B | $2.95B | $2.83B | $2.89B | $3.21B | — |
| Operating income | $1.32B | $110M | -$314M | -$60.1M | -$23.3M | -$86.8M |
| Net income | $13.4B | $1.47B | -$4.05B | $1.59B | -$7.14B | -$3.04B |
| EPS (diluted) | $12.15 | $2.96 | -$9.52 | $4.23 | -$20.86 | — |
| Free cash flow | $2.14B | $1.95B | $1.24B | $1.12B | -$132M | -$255M |
| Gross margin | 70.7% | 73.5% | 68.8% | 66.6% | 65.8% | — |
| Operating margin | 12.8% | 2.7% | -7.6% | -1.4% | -0.5% | -1.8% |
| Net margin | 130.2% | 36.7% | -98.4% | 36.6% | -146.3% | -62.1% |
| Revenue growth | -10.7% | -61.0% | +2.4% | +5.5% | +12.4% | — |
| Cash + short-term investments | $3.18B | $4.35B | $3.40B | $2.15B | $2.16B | — |
| Total debt | $14.3B | $13.3B | $15.7B | $9.07B | $8.56B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (LBTYA)
P/S 0.6x · EV/EBITDA 8.7x · EV/Sales 1.8x · P/B 0.3x · FCF yield -9.18% · Earnings yield -109.32% · Buyback yield (TTM) 3.25% · Net debt $5.90B · EV $8.68B
P/E at fiscal year-ends: Dec 2024 3.0x.
Superinvestors (SEC 13F-HR, Q2 2026) (LBTYA)
4 of 80 tracked investors hold LBTYA. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Howard Marks | Oaktree Capital | 2.57% | $97.2M | Unchanged |
| Seth Klarman | Baupost Group | 1.74% | $94.0M | Reduced -36.2% |
| David Einhorn | Greenlight Capital | 1.44% | $56.4M | Unchanged |
| Dodge & Cox Funds | Dodge & Cox | 0.01% | $26.9M | Reduced -66.9% |
Insider sales (SEC Form 4, open-market, last ~7 months) (LBTYA)
0 of 3 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-06-16 | Wargo J David | Director | 55,000 | $635K | 32.4% | No | Too little history (no open-market trades in 2023 or 2025) |
| 2026-06-11 | Bracken Charles H R | EVP & CFO | 115,459 | $1.4M | 47% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-05-05 | Waldron Jason | SVP & CAO | 26,311 | $309K | 54.4% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (LBTYA)
Consensus Hold (mean 2.83 on a 1–5 scale), 12 analysts; mean target USD 14.47 (low 7, high 25).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-20 | Barclays | Target lowered | Equal-Weight | $10 → $7 |
| 2026-08-18 | Barclays | Target lowered | Equal-Weight | $13 → $10 |
| 2026-08-04 | UBS | Target lowered | Neutral | $12.1 → $11.9 |
| 2026-07-08 | UBS | Target lowered | Neutral | $12.6 → $12.1 |
Total return (dividends reinvested) (LBTYA)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -25.9% | -46.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -25.9% | -11.8% |
| Volatility (annualized) | 34.3% | 30.2% |
| Max drawdown | -42.4% (Feb 2026→Oct 2026) | -49.1% (Oct 2021→Oct 2023) |
LBTYA revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Telenet | $716.9M | 61.2% | -6.9% |
| VM Ireland | $122.4M | 10.4% | -0.3% |
| Wyre | $34.5M | 2.9% | +12.4% |
| Total revenue | $1.17B | 100% | — |
LBTYA revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Total residential revenue | $588.7M | 50.2% | -2.9% |
| Total residential fixed revenue | $423.5M | 36.1% | -4.6% |
| Total subscription revenue | $415.5M | 35.5% | -5.4% |
| Other revenue | $351.3M | 30.0% | -19.6% |
| Broadband internet | $248.5M | 21.2% | +4.3% |
| Total B2B revenue | $232.0M | 19.8% | +2.7% |
| Total residential mobile revenue | $165.2M | 14.1% | +1.6% |
| Video | $131.8M | 11.2% | -14.2% |
| Subscription revenue | $130.6M | 11.1% | +4.5% |
| Non-subscription revenue | $118.5M | 10.1% | +4.5% |
| Subscription revenue | $113.5M | 9.7% | +0.9% |
| Fixed-line telephony | $35.2M | 3.0% | -25.4% |
| Non-subscription revenue | $34.6M | 3.0% | -8.0% |
| Non-subscription revenue | $8.0M | 0.7% | +73.9% |
| Total revenue | $1.17B | 100% | — |
LBTYA revenue by region (fiscal year ended Dec 31, 2025)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Belgium | $3.02B | 61.9% | +3.3% |
| Ireland | $494.8M | 10.1% | +0.7% |
| Slovakia | $53.5M | 1.1% | +4.7% |
| Total revenue | $4.88B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
LBTYA suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Netflix (NFLX) | “The VMO2 JV's video customers have access to the Horizon 5 minibox, with all current video offerings, now including Netflix as a standard feature.” |
| Customer | Walt Disney (DIS) | “Customers also have the option of subscribing to dedicated packages on entertainment, sports and cinema, while also having the flexibility to add other subscription packages, like Disney+, under one system.” |
| Customer | Amazon (AMZN) | “The Netflix and Amazon Prime Video apps are both available to customers at Telenet, VM Ireland, the VMO2 JV and the VodafoneZiggo JV.” |
| Customer | Virgin Enterprises | “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.” |
| Partner | Alphabet (Google) (GOOGL) | “•On February 3, 2026, we announced a new strategic partnership with Google Cloud Services to embed new artificial intelligence (AI) services throughout our operating companies and European operations (the Google Partnership).” |
| Partner | Telenet Group Holding | “As part of this strategy, Telenet, the VMO2 JV and our 50:50 joint venture with Vodafone Group plc (Vodafone) (the VodafoneZiggo JV) deliver mobile services as mobile network operators (MNOs) and Virgin Media Ireland (VM Ireland) delivers mobile services as an MVNO through Three's network.” |
| Partner | Telefonica | “•On August 1, 2025, our 50:50 joint venture with Telefonica, S.A. in the United Kingdom (the U.K.) (the VMO2 JV) combined its business-to-business (B2B) operations with Daisy Group (the U.K.” |
| Partner | Vodafone Group | “As part of this strategy, Telenet, the VMO2 JV and our 50:50 joint venture with Vodafone Group plc (Vodafone) (the VodafoneZiggo JV) deliver mobile services as mobile network operators (MNOs) and Virgin Media Ireland (VM Ireland) delivers mobile services as an MVNO through Three's network.” |
| Partner | Virgin Media | “As part of this strategy, Telenet, the VMO2 JV and our 50:50 joint venture with Vodafone Group plc (Vodafone) (the VodafoneZiggo JV) deliver mobile services as mobile network operators (MNOs) and Virgin Media Ireland (VM Ireland) delivers mobile services as an MVNO through Three's network.” |
| Partner | Sony (SONY) | “We partner with leading international and regional pay television providers, such as Disney, Sony, Paramount, AMC, NBCUniversal, RTL, BBC and Warner Bros.” |
| Partner | Sky | “We also seek to carry key public and private broadcasters and acquire local premium programming through select relationships with companies such as Sky plc (Sky), TNT Sports (a joint venture between BT Sport and Warner Bros.” |
| Partner | BT Group | “We also seek to carry key public and private broadcasters and acquire local premium programming through select relationships with companies such as Sky plc (Sky), TNT Sports (a joint venture between BT Sport and Warner Bros.” |
| Partner | Sunrise Communications AG (SNNRF) | “We expect that we will continue improving our company through attractive acquisitions, dispositions, joint ventures, partnerships or other similar transactions in select markets, such as the Telenet Takeover Bid in October 2023, the Spin-off of Sunrise in November 2024 and the purchase of a controlling interest in Formula E in October 2024, as well as the creation of Wyre by Telenet and Fluvius in July 2023.” |
| Competitor | T-Mobile (TMUS) | “We compete with numerous other wireless service providers across our markets, including (among others) BT, Three, TalkTalk, BT (through EE) and VodafoneThree in the U.K., KPN, Odido and T-Mobile in the Netherlands, Proximus and Orange in Belgium and Eir, Three and Vodafone in Ireland.” |
Quoted from the company's 10-K filed Feb 18, 2026.
Companies that name LBTYA in their SEC reports
| Relationship to LBTYA | Company | Filing | Sentence |
|---|---|---|---|
| partner | Lionsgate Studios Corp. (LION) | 10-K May 27, 2026 | “On May 6, 2025, Lionsgate entered into an investor rights agreement with MHR Fund Management and affiliated funds (for purposes of this section, "MHR Fund Management"), Liberty Global Ventures Limited and Liberty Global Ltd. (collectively, "Liberty") (as amended from time to time, the "Investor Rights Agreement").” |
| partner | GRUPO TELEVISA, S.A.B. (TV) | 20-F Apr 30, 2026 | “On January 31, 2022, we consummated the TelevisaUnivision Transaction with Univision and, for the limited purposes set forth in the transaction agreement (the "2021 Transaction Agreement"), affiliates of Searchlight Capital Partners, LP ("Searchlight"), ForgeLight LLC ("ForgeLight") and Liberty Global plc, through its venture investment vehicle ("Liberty Global"), pursuant to which, among other things, we contribu…” |
| related | Warner Bros. Discovery, Inc. (WBD) | 10-K Feb 27, 2026 | “In October 2024, the Company sold its minority interests in Formula E, which were recorded as an equity method investment and an investment without readily determinable fair value, to Liberty Global Ltd. ("Liberty Global"), a related party, for total proceeds of $217 million and recorded a gain of $61 million in other income (expense), net in the consolidated statements of operations.” |
| supplier | MAXLINEAR, INC (MXL) | 10-K Jan 29, 2026 | “Even if we succeed, additional testing and operational certifications will be required by the OEMs' customers, which include large Pay-TV television companies such as Comcast Corporation, Liberty Global plc, Charter Communications, Inc., Sky UK Limited, AT&T Inc. and EchoStar Corporation.” |
| partner | STARZ ENTERTAINMENT CORP /CN/ (STRZ) | 10-K Jun 26, 2025 | “Discovery, Inc., Liberty Global Ventures Limited, Liberty Global Ltd., MHR Capital Partners Master Account LP, MHR Capital Partners (100) LP, MHR Institutional Partners II LP, MHR Institutional Partners IIA LP, MHR Institutional Partners III LP, MHR Institutional Partners IV LP and MHR Fund Management LLC and affiliated funds thereto, including the following:” |
LBTYA company outlook (results filed Oct 14, 2026)
- “Liberty Global continues to anticipate the deal closing [by year-end], with total consideration of €669 million as part of the targeted €1.2-1.4 billion of non-core asset disposals to support the intended listing of Ziggo Group in Amsterdam in the middle of 2027 pursuant to a spin-off transaction, as previously announced.”
Quoted word-for-word from the SEC 8-K results press release.
LBTYA analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-0.33 | $-0.48 | -30.7% | $1.95B | 1 |
| Next quarter (ends Dec 2026) | $-0.75 | $-0.64 | +17.7% | $2.42B | 1 |
| Current fiscal year (ends Dec 2026) | $-1.16 | $-1.62 | -28.2% | $6.74B | 1 |
| Next fiscal year (ends Dec 2027) | $-1.42 | $-1.34 | +6.2% | $8.11B | 2 |
LBTYA options: expected move
Options price a move of about ±11.2% (±$0.91) by Nov 20, 2026, which includes earnings on Nov 3, 2026. Over the last 8 reports the stock moved ±5.8% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 50.6% | ±11.2% |
| Dec 18, 2026 | 56 | 37.2% | ±15.7% |
| Jan 15, 2027 | 84 | 46.2% | ±18.4% |
| Apr 16, 2027 | 175 | 39.4% | ±22.4% |
| Oct 15, 2027 | 357 | 47.5% | ±36.5% |
30-day implied volatility 44.1% vs 37% realized over the last 30 trading days. Put/call ratio (volume) 0.04. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:22 UTC)
| Price | USD 8.14 |
|---|---|
| Change | ▲ 3.56% (up) |
| Previous Close | USD 7.86 |
| Open | USD 7.84 |
| Day Range | USD 7.83 – 8.15 |
| 52-Week Range | USD 7.48 – 13.52 |
| Volume | 3,876,675 shares |
| Market Cap | $2.78B |
| Exchange | NMS |
Technical Analysis (LBTYA)
Nexqual's technical model rates LBTYA "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:22 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 34.24 (neutral) |
| vs SMA50 | Below (USD 9.72) |
| MACD | -0.55 (negative) |
Analyst Ratings (LBTYA)
Wall Street analysts rate LBTYA "Hold" based on 12 analysts, with a mean price target of USD 14.47 (range USD 7–25), per Nexqual as of October 23, 2026 at 09:22 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 12 |
| Mean Target | USD 14.47 |
| High Target | USD 25 |
| Low Target | USD 7 |
| Buy / Hold / Sell | 4 / 7 / 1 |
Earnings (LBTYA)
| Next Earnings Date | 2026-11-03 |
|---|---|
| EPS Estimate | USD -0.33 |
| Revenue Estimate | $1.95B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -1.07 vs est -0.86 ▼ miss |
| 2026-03-31 | USD 0.96 vs est -0.54 ▲ beat |
| 2025-12-31 | USD -8.66 vs est -0.31 ▼ miss |
| 2025-09-30 | USD -0.27 vs est -0.58 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
Financials & Fundamentals (LBTYA)
| Total Revenue | $4.88B |
|---|---|
| Revenue Growth (latest quarter, YoY) | -7.70% |
| Gross Margin | +67.17% |
| Operating Margin | +1.33% |
| Profit Margin | -62.14% |
| ROE | -26.46% |
| Debt / Equity | 0.99 |
| Current Ratio | 1.28 |
| Total Cash | $2.55B |
| Total Debt | $9.33B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | -$254.80M (-5.2% of revenue) |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
Financial Health Score (LBTYA)
Nexqual rates Liberty Global Ltd.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:22 UTC.
| Growth | Solid — Revenue +12% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 67%, operating 1% (last 12 months) |
| Balance Sheet | Mixed — $2.42B cash and investments vs $8.32B debt (Jun 2026, SEC) |
| Cash Flow | Weak — FCF negative: -$255M (last 4 quarters to Jun 2026, SEC), burning cash |
| Efficiency | Critical — ROE -26%, ROA 0.2% |
Ownership (LBTYA)
| Insider Ownership | +4.06% |
|---|---|
| Institutional Ownership | +100.85% |
| Shares Outstanding | 176.72M |
| Float | 278.87M |
| Short % of Float | +8.68% |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
Leadership (LBTYA)
Liberty Global Ltd. is led by Michael Thomas Fries, President, CEO & Chairman of the Board, per Nexqual as of October 23, 2026 at 09:22 UTC.
| President, CEO & Chairman of the Board | Michael Thomas Fries |
|---|---|
| Executive VP & CFO | Charles Henry Rowland Bracken |
| Executive VP & CTO | Enrique Rodriguez |
| Senior Vice President of Investor Relations & Corporate Responsibility | Frederick G. Westerman |
| Senior Vice President of Corporate Development | Saj Vakilian |
Major Backers & Investors (LBTYA)
Notable institutional backers of Liberty Global Ltd. include Acr Alpine Capital Research, Llc, AQR Capital Management, LLC, Rubric Capital Management LP, according to Nexqual as of October 23, 2026 at 09:22 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Acr Alpine Capital Research, Llc | 13.35% |
| AQR Capital Management, LLC | 6.79% |
| Rubric Capital Management LP | 6.65% |
| Wolf Hill Capital Management, LP | 5.72% |
| Oaktree Capital Management LP | 4.84% |
| American Century Companies Inc | 2.85% |
| DME Capital Management, LP | 2.81% |
| Renaissance Technologies | 2.69% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 5.22% |
| Dimensional Fund Advisors | 5.11% |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
From Liberty Global Ltd.'s Latest SEC 10-K Filing (filed 2026-02-18)
Key Strengths & Strategy (as disclosed to the SEC)
- The VMO2 JV's video customers have access to the Horizon 5 minibox, with all current video offerings, now including Netflix as a standard feature.
- Our extensive broadband networks enable us to deliver ultra-high-speed internet service across our markets, be it through fiber, Hybrid Fiber Coaxial (HFC) or mobile technologies, and we strive to extend our reach and reinforce our speed leadership.
- We highly value our partnerships and affiliations, such as the United Nations Global Compact which enables us to drive progress in our operations and the wider industry.
- To meet our customers' expectations of seamless connectivity, we developed a fully digital, cloud-based connectivity ecosystem that we call "ONE Connect," built on top of our fiber-rich fixed broadband network.
Partnerships
- In the U.K., the predecessor product to Horizon 5 is based on the TiVo platform and was developed under a strategic partnership agreement with TiVo Inc.
- Following the closing of the Telenet Wyre Transaction on July 1, 2023, Telenet became a wholesale access client of Wyre, in addition to Orange Belgium NV/SA (Orange Belgium), with whom it signed a 15-year commercial wholesale agreement in January 2023, resulting in a wholesale market share of around 65%.
Legal & Regulatory Risks (Item 1A, quoted)
- Factors Relating to Operations and Regulation
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| TLK | PT Telekomunikasi Indonesia, Tb | USD 12.21 | ▲ 3.65% |
| TIGO | Millicom International Cellular | USD 79.93 | ▼ 2.11% |
| TU | Telus Corporation | USD 8.86 | ▲ 5.73% |
| CHTR | Charter Communications, Inc. | USD 111.77 | ▲ 4.2% |
| RCI | Rogers Communication, Inc. | USD 33.2 | ▲ 4.57% |
| BCE | BCE, Inc. | USD 20.81 | ▲ 4.15% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:22 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt