Liberty Broadband ( (LBRDK) ) has released its Q4 earnings. Here is a breakdown of the information Liberty Broadband presented to its investors.
Liberty Broadband Corporation, a prominent player in the telecommunications sector, primarily operates through its subsidiary GCI Holdings, which is Alaska’s largest communications provider, and holds a significant stake in Charter Communications.
In its latest earnings report, Liberty Broadband announced its fourth-quarter and full-year 2024 financial results, highlighting a definitive agreement to be acquired by Charter Communications. The transaction, which has received shareholder approval, is expected to close by mid-2027, with plans to spin off its GCI business in 2025.
Key financial metrics reveal that Liberty Broadband’s investment in Charter was valued at $15.5 billion by the end of 2024. The company also received $205 million from the sale of Charter shares. GCI Holdings reported a 4% increase in revenue to $1.0 billion for the year, with operating income rising to $144 million. Despite a decrease in Adjusted OIBDA in the fourth quarter, the full-year figure remained stable at $362 million.
The strategic merger with Charter is seen as a value-generating move for shareholders, with Liberty Broadband’s management expressing confidence in the partnership. The company plans to continue its network expansion in Alaska, with significant capital expenditures projected for 2025.
Looking ahead, Liberty Broadband’s management remains optimistic about the merger’s completion and the successful spin-off of GCI, anticipating continued growth and strategic alignment with Charter Communications.