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Liberty Global Ltd.（LBTYA）与微博公司（WB）财务数据对比。点击上方公司名可切换其他公司
微博公司的季度营收约是Liberty Global Ltd.的1.0倍（$1.3B vs $1.2B），微博公司净利率更高（35.7% vs -237.0%，领先272.7%），过去两年微博公司的营收复合增速更高（22.6% 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。
微博公司是中国知名的社交网络企业，旗下运营的新浪微博是国内极具影响力的微博客平台，公司总部位于中国北京，为数以亿计的用户提供社交互动、资讯传播、内容创作等多元互联网服务。
LBTYA vs WB — 直观对比
营收规模更大
WB
是对方的1.0倍
$1.2B
净利率更高
WB
高出272.7%
-237.0%
两年增速更快
WB
近两年复合增速
-20.4%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.3B |
| 净利润 | $-2.9B | $458.3M |
| 毛利率 | 66.8% | — |
| 营业利润率 | -8.6% | 29.1% |
| 净利率 | -237.0% | 35.7% |
| 营收同比 | 187.2% | — |
| 净利润同比 | -230.0% | — |
| 每股收益（稀释后） | $-8.66 | — |
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LBTYAWB
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | $1.3B | ||
| Q2 25 | $1.3B | $841.7M | ||
| Q1 25 | $1.2B | $396.9M | ||
| Q4 24 | $-1.4B | — | ||
| Q3 24 | $1.9B | $1.3B | ||
| Q2 24 | $1.9B | $833.4M | ||
| Q1 24 | $1.9B | $395.5M |
净利润LBTYAWB
| Q4 25 | $-2.9B | — | ||
| Q3 25 | $-90.7M | $458.3M | ||
| Q2 25 | $-2.8B | $234.8M | ||
| Q1 25 | $-1.3B | $108.1M | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $-1.4B | $297.4M | ||
| Q2 24 | $268.1M | $164.6M | ||
| Q1 24 | $510.0M | $51.1M |
毛利率LBTYAWB
| Q4 25 | 66.8% | — | ||
| Q3 25 | 67.5% | — | ||
| Q2 25 | 63.3% | — | ||
| Q1 25 | 65.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 69.4% | — | ||
| Q2 24 | 68.5% | — | ||
| Q1 24 | 65.4% | — |
营业利润率LBTYAWB
| Q4 25 | -8.6% | — | ||
| Q3 25 | -0.7% | 29.1% | ||
| Q2 25 | 2.3% | 30.4% | ||
| Q1 25 | 5.2% | 27.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | 5.2% | 29.0% | ||
| Q2 24 | 1.0% | 28.2% | ||
| Q1 24 | 1.2% | 25.2% |
净利率LBTYAWB
| Q4 25 | -237.0% | — | ||
| Q3 25 | -7.5% | 35.7% | ||
| Q2 25 | -220.1% | 27.9% | ||
| Q1 25 | -114.2% | 27.2% | ||
| Q4 24 | -158.9% | — | ||
| Q3 24 | -74.1% | 22.9% | ||
| Q2 24 | 14.3% | 19.8% | ||
| Q1 24 | 26.2% | 12.9% |
每股收益（稀释后）LBTYAWB
| Q4 25 | $-8.66 | — | ||
| Q3 25 | $-0.27 | — | ||
| Q2 25 | $-8.09 | — | ||
| Q1 25 | $-3.84 | — | ||
| Q4 24 | $6.15 | — | ||
| Q3 24 | $-3.95 | — | ||
| Q2 24 | $0.71 | — | ||
| Q1 24 | $1.32 | — |
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 | $1.1B |
| 总债务越低越好 | $7.8B | — |
| 股东权益账面价值 | $9.7B | $3.9B |
| 总资产 | $22.6B | $6.9B |
| 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LBTYAWB
| Q4 25 | $2.2B | — | ||
| Q3 25 | $1.7B | $1.1B | ||
| Q2 25 | $3.1B | $1.2B | ||
| Q1 25 | $2.0B | $1.2B | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $3.3B | — | ||
| Q2 24 | $3.2B | $1.9B | ||
| Q1 24 | $2.8B | $2.1B |
总债务LBTYAWB
| 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LBTYAWB
| Q4 25 | $9.7B | — | ||
| Q3 25 | $12.7B | $3.9B | ||
| Q2 25 | $13.0B | $3.6B | ||
| Q1 25 | $12.6B | $3.5B | ||
| Q4 24 | $12.4B | — | ||
| Q3 24 | $18.7B | — | ||
| Q2 24 | $18.3B | $3.4B | ||
| Q1 24 | $18.4B | $3.3B |
总资产LBTYAWB
| Q4 25 | $22.6B | — | ||
| Q3 25 | $25.4B | $6.9B | ||
| Q2 25 | $27.2B | $6.5B | ||
| Q1 25 | $26.0B | $6.7B | ||
| Q4 24 | $25.4B | — | ||
| Q3 24 | $41.8B | — | ||
| Q2 24 | $40.8B | $7.1B | ||
| Q1 24 | $40.6B | $7.3B |
负债/权益比LBTYAWB
| 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 | — |
| 自由现金流经营现金流 - 资本支出 | $193.3M | — |
| 自由现金流率自由现金流/营收 | 15.7% | — |
| 资本支出强度资本支出/营收 | 35.5% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-132.0M | — |
8季度趋势，按日历期对齐
经营现金流LBTYAWB
| Q4 25 | $630.9M | — | ||
| Q3 25 | $301.8M | — | ||
| Q2 25 | $149.2M | — | ||
| Q1 25 | $129.2M | — | ||
| Q4 24 | $791.6M | — | ||
| Q3 24 | $449.5M | — | ||
| Q2 24 | $546.1M | — | ||
| Q1 24 | $245.7M | — |
自由现金流LBTYAWB
| Q4 25 | $193.3M | — | ||
| Q3 25 | $-41.1M | — | ||
| Q2 25 | $-170.1M | — | ||
| Q1 25 | $-114.1M | — | ||
| Q4 24 | $712.9M | — | ||
| Q3 24 | $102.4M | — | ||
| Q2 24 | $256.8M | — | ||
| Q1 24 | $-105.1M | — |
自由现金流率LBTYAWB
| Q4 25 | 15.7% | — | ||
| Q3 25 | -3.4% | — | ||
| Q2 25 | -13.4% | — | ||
| Q1 25 | -9.7% | — | ||
| Q4 24 | -50.5% | — | ||
| Q3 24 | 5.3% | — | ||
| Q2 24 | 13.7% | — | ||
| Q1 24 | -5.4% | — |
资本支出强度LBTYAWB
| Q4 25 | 35.5% | — | ||
| Q3 25 | 28.4% | — | ||
| Q2 25 | 25.2% | — | ||
| Q1 25 | 20.8% | — | ||
| Q4 24 | -5.6% | — | ||
| Q3 24 | 17.9% | — | ||
| Q2 24 | 15.4% | — | ||
| Q1 24 | 18.0% | — |
现金转化率LBTYAWB
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.35× | — | ||
| Q3 24 | — | — | ||
| 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
WB
| Income from operations | $373.2M | 29% |
| Shares used in computing diluted net income per share attributable to Weibos shareholders | $268.1M | 21% |
| Shares used in computing basic net income per share attributable to Weibos shareholders | $238.6M | 19% |
| Value-added services | $186.1M | 14% |
| Less: Income tax expenses | $113.2M | 9% |
| Investment related income, net | $45.0M | 4% |
| Product development | $16.7M | 1% |
| General and administrative | $10.6M | 1% |
| Sales and marketing | $7.1M | 1% |
| Accretion to redeemable non-controlling interests | $3.0M | 0% |
