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Liberty Global vs Liberty Latin America: revenue, profit, margins and growth compared

Liberty Global brought in $4.9B of revenue in fiscal 2025, Liberty Latin America $4.4B in fiscal 2025. Revenue changed by +12.4% at Liberty Global and -0.1% at Liberty Latin America on the year before, so Liberty Global grew faster. Liberty Global kept -146.3% of its revenue as net profit, Liberty Latin America -13.8%. Free cash flow was -$132M at Liberty Global and $305.9M at Liberty Latin America.

Side by side, latest fiscal year

LBTYBLILA
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$4.9B$4.4B
Revenue growth+12.4%-0.1%
Net income-$7.1B-$611.2M
Net margin-146.3%-13.8%
Free cash flow-$132M$305.9M
Free cash flow margin-2.7%6.9%
Earnings per share (diluted)-$20.86-$3.06
Cash$2.1B$783.9M
Debt$8.6B$8.3B
Price to earningsn/an/a
Market value$4.1B$1.7B
Dividend yieldn/an/a
Rank by revenue in sector#14 of 75 · Telecommunications#17 of 75 · Telecommunications

Over the years

Revenue
LBTYB FY2018: $12BLBTYB FY2019: $11.5BLBTYB FY2020: $11.5BLBTYB FY2021: $10.3BLBTYB FY2022: $7.2BLBTYB FY2023: $7.5BLBTYB FY2024: $4.3BLBTYB FY2025: $4.9BLILA FY2018: $3.7BLILA FY2019: $3.9BLILA FY2020: $3.8BLILA FY2021: $4.8BLILA FY2022: $4.8BLILA FY2023: $4.5BLILA FY2024: $4.4BLILA FY2025: $4.4BFY18FY19FY20FY21FY22FY23FY24FY25
LBTYB $4.9BLILA $4.4B
Net income
LBTYB FY2018: $725.3MLBTYB FY2019: $11.5BLBTYB FY2020: -$1.6BLBTYB FY2021: $13.4BLBTYB FY2022: $1.5BLBTYB FY2023: -$4.1BLBTYB FY2024: $1.6BLBTYB FY2025: -$7.1BLILA FY2018: -$345.2MLILA FY2019: -$106.1MLILA FY2020: -$687.3MLILA FY2021: -$440.6MLILA FY2022: -$170.7MLILA FY2023: -$73.6MLILA FY2024: -$689.4MLILA FY2025: -$611.2MFY18FY19FY20FY21FY22FY23FY24FY25
LBTYB -$7.1BLILA -$611.2M
Net margin
LBTYB FY2018: 6.1%LBTYB FY2019: 99.8%LBTYB FY2020: -14.1%LBTYB FY2021: 130.2%LBTYB FY2022: 20.5%LBTYB FY2023: -54.1%LBTYB FY2024: 36.6%LBTYB FY2025: -146.3%LILA FY2018: -9.3%LILA FY2019: -2.7%LILA FY2020: -18.2%LILA FY2021: -9.2%LILA FY2022: -3.5%LILA FY2023: -1.6%LILA FY2024: -15.5%LILA FY2025: -13.8%FY18FY19FY20FY21FY22FY23FY24FY25
LBTYB -146.3%LILA -13.8%
Revenue growth
LBTYB FY2019: -3.5%LBTYB FY2020: +0.0%LBTYB FY2021: -10.7%LBTYB FY2022: -30.2%LBTYB FY2023: +4.1%LBTYB FY2024: -42.0%LBTYB FY2025: +12.4%LILA FY2019: +4.4%LILA FY2020: -2.2%LILA FY2021: +27.2%LILA FY2022: -0.1%LILA FY2023: -6.2%LILA FY2024: -1.4%LILA FY2025: -0.1%FY19FY20FY21FY22FY23FY24FY25
LBTYB +12.4%LILA -0.1%
Free cash flow
LBTYB FY2018: $4.5BLBTYB FY2019: $3.4BLBTYB FY2020: $2.9BLBTYB FY2021: $2.1BLBTYB FY2022: $1.9BLBTYB FY2023: $1.2BLBTYB FY2024: $1.1BLBTYB FY2025: -$132MLILA FY2018: $45.4MLILA FY2019: $196.7MLILA FY2020: $9MLILA FY2021: $160.3MLILA FY2022: $52.5MLILA FY2023: $312MLILA FY2024: $215.9MLILA FY2025: $305.9MFY18FY19FY20FY21FY22FY23FY24FY25
LBTYB -$132MLILA $305.9M

Fiscal years as each company reports them; the two may end in different months.

Questions about Liberty Global and Liberty Latin America

Which is bigger by revenue, Liberty Global or Liberty Latin America?

Liberty Global is bigger by revenue: $4.9B in fiscal 2025, against $4.4B for Liberty Latin America in fiscal 2025.

Which keeps more of its revenue as profit, Liberty Global or Liberty Latin America?

Liberty Global had a net margin of -146.3% in fiscal 2025; Liberty Latin America had -13.8% in fiscal 2025.

Which grew revenue faster, Liberty Global or Liberty Latin America?

In their latest fiscal years revenue changed by +12.4% at Liberty Global and -0.1% at Liberty Latin America.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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