LBTYALiberty Global Ltd.
Cable & Other Pay Television Services
- Revenue
- $4.9B
- 12% YoY
- Operating margin
- -0.5%
- 65% YoY
- EBITDA
- $1.0B
- 7.8% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 5.2×
- $5.3B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCClear3% of revenueOver 10% of revenue
- Payouts exceed cash flowClear16% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear16% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $10.3B | $4.0B | $4.1B | $4.3B | $4.9B | 12% |
| Operating income | $1.3B | $110M | −$314M | −$60M | −$23M | 61% |
| Net income | $13.6B | $2.0B | −$3.9B | $1.6B | −$7.1B | 531% |
| Operating cash flow | $3.5B | $2.8B | $2.2B | $2.0B | $1.2B | 40% |
| Capex | $1.4B | $891M | $922M | $909M | $1.3B | 48% |
| Stock-based comp | $308M | $163M | $205M | $168M | $169M | 0.7% |
| Buybacks | $1.6B | $1.7B | $1.5B | $690M | $192M | 72% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $38M | $23M | — | 131 |
| FY2024 | $46M | $49M | — | 123 |
| FY2023 | $45M | $35M | — | 101 |
| FY2022 | $19M | −$23M | — | 90 |
| FY2021 | $62M | $70M | — | 116 |