Liberty Global Q2 2025: revenue +20% to $1.3B, net loss $2.8B on below-the-line charges

Filed August 1, 2025 · Period ending June 30, 2025 · Compared to 10-Q Jul 25, 2024 · ~2 min read

Key Changes

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  Net loss widened to $2.8B (diluted EPS -$8.09) from $268M net income in Q2 2024, despite operating income swinging positive to $29.6M from a $33M loss. The bottom-line deterioration came from below-the-line items (taxes, interest, FX, or non-controlling interests), not operations.

  MD&A: Operating Results verify on EDGAR →
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  Sunrise spin-off completed November 8, 2024, removing Switzerland operations from continuing results and reducing consolidated debt by $5.7B to $9.9B. Sunrise now reflected as discontinued operations for all periods.

  MD&A: Spin-off of Sunrise Entities verify on EDGAR →
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  Formula E acquisition closed October 2, 2024, consolidating 100% of the motorsport series' results. This diversifies Liberty Global into sports/entertainment content outside its traditional broadband and mobile communications.

  MD&A: Formula E Acquisition verify on EDGAR →