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Liberty Global Ltd.（LBTYA）与Reddit, Inc.（RDDT）财务数据对比。点击上方公司名可切换其他公司
Liberty Global Ltd.的季度营收约是Reddit, Inc.的1.7倍（$1.2B vs $725.6M），Reddit, Inc.净利率更高（34.7% vs -237.0%，领先271.6%），Liberty Global Ltd.同比增速更快（187.2% vs 69.7%），Reddit, Inc.自由现金流更多（$263.6M vs $193.3M），过去两年Reddit, Inc.的营收复合增速更高（72.8% vs -20.4%）
自由全球有限公司是一家英荷美合资的跨国电信企业，注册地位于百慕大，在伦敦、阿姆斯特丹和丹佛均设有总部。公司旗下拥有英国自由全球控股有限公司、荷兰自由全球有限公司及美国自由全球公司三大主体，其中英国主体为上市实体。企业由自由媒体国际业务部与UnitedGlobalCom于2005年合并成立，在全球电信服务领域拥有深厚的行业积累。
Reddit是美国知名的社交新闻聚合与论坛类社交媒体平台，注册用户可发布链接、文字帖、图片、视频等各类内容，其他用户可对内容进行点赞或点踩，内容按主题归类到用户创建的子板块中，获赞更高的内容会排在板块前列，热度足够的内容还将展示在全站首页。
LBTYA vs RDDT — 直观对比
营收规模更大
LBTYA
是对方的1.7倍
$725.6M
营收增速更快
LBTYA
高出117.5%
69.7%
净利率更高
RDDT
高出271.6%
-237.0%
自由现金流更多
RDDT
多$70.3M
$193.3M
两年增速更快
RDDT
近两年复合增速
-20.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $725.6M |
| 净利润 | $-2.9B | $251.6M |
| 毛利率 | 66.8% | 91.9% |
| 营业利润率 | -8.6% | 31.9% |
| 净利率 | -237.0% | 34.7% |
| 营收同比 | 187.2% | 69.7% |
| 净利润同比 | -230.0% | 254.2% |
| 每股收益（稀释后） | $-8.66 | $1.24 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收LBTYARDDT
| Q4 25 | $1.2B | $725.6M | ||
| Q3 25 | $1.2B | $584.9M | ||
| Q2 25 | $1.3B | $499.6M | ||
| Q1 25 | $1.2B | $392.4M | ||
| Q4 24 | $-1.4B | $427.7M | ||
| Q3 24 | $1.9B | $348.4M | ||
| Q2 24 | $1.9B | $281.2M | ||
| Q1 24 | $1.9B | $243.0M |
净利润LBTYARDDT
| Q4 25 | $-2.9B | $251.6M | ||
| Q3 25 | $-90.7M | $162.7M | ||
| Q2 25 | $-2.8B | $89.3M | ||
| Q1 25 | $-1.3B | $26.2M | ||
| Q4 24 | $2.2B | $71.0M | ||
| Q3 24 | $-1.4B | $29.9M | ||
| Q2 24 | $268.1M | $-10.1M | ||
| Q1 24 | $510.0M | $-575.1M |
毛利率LBTYARDDT
| Q4 25 | 66.8% | 91.9% | ||
| Q3 25 | 67.5% | 91.0% | ||
| Q2 25 | 63.3% | 90.8% | ||
| Q1 25 | 65.6% | 90.5% | ||
| Q4 24 | — | 92.6% | ||
| Q3 24 | 69.4% | 90.1% | ||
| Q2 24 | 68.5% | 89.5% | ||
| Q1 24 | 65.4% | 88.6% |
营业利润率LBTYARDDT
| Q4 25 | -8.6% | 31.9% | ||
| Q3 25 | -0.7% | 23.7% | ||
| Q2 25 | 2.3% | 13.6% | ||
| Q1 25 | 5.2% | 1.0% | ||
| Q4 24 | — | 12.4% | ||
| Q3 24 | 5.2% | 2.0% | ||
| Q2 24 | 1.0% | -11.0% | ||
| Q1 24 | 1.2% | -242.5% |
净利率LBTYARDDT
| Q4 25 | -237.0% | 34.7% | ||
| Q3 25 | -7.5% | 27.8% | ||
| Q2 25 | -220.1% | 17.9% | ||
| Q1 25 | -114.2% | 6.7% | ||
| Q4 24 | -158.9% | 16.6% | ||
| Q3 24 | -74.1% | 8.6% | ||
| Q2 24 | 14.3% | -3.6% | ||
| Q1 24 | 26.2% | -236.7% |
每股收益（稀释后）LBTYARDDT
| Q4 25 | $-8.66 | $1.24 | ||
| Q3 25 | $-0.27 | $0.80 | ||
| Q2 25 | $-8.09 | $0.45 | ||
| Q1 25 | $-3.84 | $0.13 | ||
| Q4 24 | $6.15 | $4.76 | ||
| Q3 24 | $-3.95 | $0.16 | ||
| Q2 24 | $0.71 | $-0.06 | ||
| Q1 24 | $1.32 | $-8.19 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $2.2B | $953.6M |
| 总债务越低越好 | $7.8B | — |
| 股东权益账面价值 | $9.7B | $2.9B |
| 总资产 | $22.6B | $3.2B |
| 负债/权益比越低杠杆越低 | 0.80× | — |
8季度趋势，按日历期对齐
现金及短期投资LBTYARDDT
| Q4 25 | $2.2B | $953.6M | ||
| Q3 25 | $1.7B | $911.7M | ||
| Q2 25 | $3.1B | $734.1M | ||
| Q1 25 | $2.0B | $635.7M | ||
| Q4 24 | $2.2B | $562.1M | ||
| Q3 24 | $3.3B | $515.9M | ||
| Q2 24 | $3.2B | $468.0M | ||
| Q1 24 | $2.8B | $968.5M |
总债务LBTYARDDT
| Q4 25 | $7.8B | — | ||
| Q3 25 | $7.8B | — | ||
| Q2 25 | $7.8B | — | ||
| Q1 25 | $8.2B | — | ||
| Q4 24 | $8.2B | — | ||
| Q3 24 | $14.9B | — | ||
| Q2 24 | $14.7B | — | ||
| Q1 24 | $14.8B | — |
股东权益LBTYARDDT
| Q4 25 | $9.7B | $2.9B | ||
| Q3 25 | $12.7B | $2.6B | ||
| Q2 25 | $13.0B | $2.4B | ||
| Q1 25 | $12.6B | $2.2B | ||
| Q4 24 | $12.4B | $2.1B | ||
| Q3 24 | $18.7B | $2.0B | ||
| Q2 24 | $18.3B | $1.9B | ||
| Q1 24 | $18.4B | $1.8B |
总资产LBTYARDDT
| Q4 25 | $22.6B | $3.2B | ||
| Q3 25 | $25.4B | $2.9B | ||
| Q2 25 | $27.2B | $2.6B | ||
| Q1 25 | $26.0B | $2.4B | ||
| Q4 24 | $25.4B | $2.3B | ||
| Q3 24 | $41.8B | $2.2B | ||
| Q2 24 | $40.8B | $2.1B | ||
| Q1 24 | $40.6B | $2.0B |
负债/权益比LBTYARDDT
| Q4 25 | 0.80× | — | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.60× | — | ||
| Q1 25 | 0.65× | — | ||
| Q4 24 | 0.66× | — | ||
| Q3 24 | 0.80× | — | ||
| Q2 24 | 0.80× | — | ||
| Q1 24 | 0.80× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $630.9M | $266.8M |
| 自由现金流经营现金流 - 资本支出 | $193.3M | $263.6M |
| 自由现金流率自由现金流/营收 | 15.7% | 36.3% |
| 资本支出强度资本支出/营收 | 35.5% | 0.4% |
| 现金转化率经营现金流/净利润 | — | 1.06× |
| 过去12个月自由现金流最近4个季度 | $-132.0M | $684.2M |
8季度趋势，按日历期对齐
经营现金流LBTYARDDT
| Q4 25 | $630.9M | $266.8M | ||
| Q3 25 | $301.8M | $185.2M | ||
| Q2 25 | $149.2M | $111.3M | ||
| Q1 25 | $129.2M | $127.6M | ||
| Q4 24 | $791.6M | $90.0M | ||
| Q3 24 | $449.5M | $71.6M | ||
| Q2 24 | $546.1M | $28.4M | ||
| Q1 24 | $245.7M | $32.1M |
自由现金流LBTYARDDT
| Q4 25 | $193.3M | $263.6M | ||
| Q3 25 | $-41.1M | $183.1M | ||
| Q2 25 | $-170.1M | $110.8M | ||
| Q1 25 | $-114.1M | $126.6M | ||
| Q4 24 | $712.9M | $89.2M | ||
| Q3 24 | $102.4M | $70.3M | ||
| Q2 24 | $256.8M | $27.2M | ||
| Q1 24 | $-105.1M | $29.2M |
自由现金流率LBTYARDDT
| Q4 25 | 15.7% | 36.3% | ||
| Q3 25 | -3.4% | 31.3% | ||
| Q2 25 | -13.4% | 22.2% | ||
| Q1 25 | -9.7% | 32.3% | ||
| Q4 24 | -50.5% | 20.8% | ||
| Q3 24 | 5.3% | 20.2% | ||
| Q2 24 | 13.7% | 9.7% | ||
| Q1 24 | -5.4% | 12.0% |
资本支出强度LBTYARDDT
| Q4 25 | 35.5% | 0.4% | ||
| Q3 25 | 28.4% | 0.4% | ||
| Q2 25 | 25.2% | 0.1% | ||
| Q1 25 | 20.8% | 0.2% | ||
| Q4 24 | -5.6% | 0.2% | ||
| Q3 24 | 17.9% | 0.4% | ||
| Q2 24 | 15.4% | 0.4% | ||
| Q1 24 | 18.0% | 1.2% |
现金转化率LBTYARDDT
| Q4 25 | — | 1.06× | ||
| Q3 25 | — | 1.14× | ||
| Q2 25 | — | 1.25× | ||
| Q1 25 | — | 4.88× | ||
| Q4 24 | 0.35× | 1.27× | ||
| Q3 24 | — | 2.40× | ||
| Q2 24 | 2.04× | — | ||
| Q1 24 | 0.48× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
LBTYA
暂无分部数据
RDDT
| Advertising | $689.7M | 95% |
| Other Revenue | $35.9M | 5% |
