Liberty Global Class B (LBTYB, Financial) announced its financial results for the third quarter of the 2024 fiscal year. The company reported a net loss of $1.434 billion, marking a decrease of 317.60% compared to the previous year. However, revenue increased by 4.31% to $1.935 billion. The basic earnings per share were a loss of $3.95.
On the balance sheet, Liberty Global's total liabilities stood at $23.115 billion, with short-term debt at $1.186 billion. The debt-to-equity ratio was 1.81, and the current ratio was 1.20, indicating moderate liquidity.
As of November 5, 2024, twelve institutions have provided their price targets for Liberty Global Class B. The average target price is set at $27.49, with the lowest at $20.00 and the highest at $53.00, showcasing a varied outlook among analysts.
Liberty Global is a holding company with significant stakes in telecommunications companies in the UK, Netherlands, Belgium, Switzerland, Ireland, and Slovakia. The company owns major cable networks in these regions and has pursued a strategic approach since 2016 to merge or cooperate with mobile network operators to deliver converged services. Additionally, Liberty Global holds minority stakes in other media, entertainment, and cloud companies.
