• Liberty Global average gross margin for 2023 was 67.88%, a 2.44% decline from 2022.
• Liberty Global average gross margin for 2022 was 69.58%, a 2.94% decline from 2021.
• Liberty Global average gross margin for 2021 was 71.69%, a 15.98% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.