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Who We Are 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. Liberty Telecom is a world leader in converged broadband, video and mobile communications that has built fixed-mobile conv…
The business is unprofitable at the operating level (-0.48% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 12.4%, still solid. Free cash flow declined 112% despite revenue growth, conversion is weakening.
Free cash flow declined 112% versus the prior year, cash generation momentum has weakened. Negative free cash flow of -$132M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$4.88B
▲ +12.4% YoY
Net Income (TTM)
-$7.14B
▼ -549.5% YoY
Op. Margin
-0.48%
▲ +0.9pp YoY
ROIC
-0.09%
Cash Flow & Balance Sheet
FCF (TTM)
-$132M
▼ -111.7% YoY
Op. Cash Flow (TTM)
$1.21B
▼ -40.4% YoY
Net Debt
$7.27B
Cash & Equiv.
$2.16B
5Y CAGR: -15.8%
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