Liberty Global (Nasdaq: LBTYA) reported earnings on Aug. 2. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), Liberty Global met expectations on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue shrank and GAAP earnings per share expanded.

Gross margins improved, operating margins dropped, and net margins expanded.

Revenue details
Liberty Global chalked up revenue of $2.52 billion. The seven analysts polled by S&P Capital IQ anticipated sales of $2.55 billion on the same basis. GAAP reported sales were 3.6% lower than the prior-year quarter's $2.62 billion.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at -$0.75. The two earnings estimates compiled by S&P Capital IQ anticipated $0.13 per share. GAAP EPS were $2.60 for Q2 versus -$1.37 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 64.9%, 120 basis points better than the prior-year quarter. Operating margin was 19.0%, 140 basis points worse than the prior-year quarter. Net margin was 27.8%, 4,110 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $2.59 billion. On the bottom line, the average EPS estimate is $0.24.

Next year's average estimate for revenue is $10.30 billion. The average EPS estimate is $1.16.

Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Liberty Global is outperform, with an average price target of $57.23.