Liberty Broadband Corp ( (LBRDA) ) has released its Q4 earnings. Here is a breakdown of the information Liberty Broadband Corp presented to its investors.
Liberty Broadband Corporation is a telecommunications company primarily involved in providing communication services through its subsidiary GCI Holdings, Alaska’s largest communications provider, and holds a significant investment in Charter Communications.
Liberty Broadband’s latest earnings report highlights a significant corporate development with the approval of its acquisition by Charter Communications, expected to close by mid-2027. Additionally, the company plans to spin off its GCI business in the summer of 2025.
Financially, Liberty Broadband reported a fair value of $15.5 billion for its Charter investment as of the end of 2024. The company received $205 million from the sale of Charter shares, which will be used for debt servicing. GCI Holdings saw a 4% revenue growth to $1.0 billion, with operating income rising to $144 million and Adjusted OIBDA remaining steady at $362 million.
The company did not repurchase any of its common stock during the last quarter, maintaining a repurchase authorization of approximately $1.7 billion, restricted by the merger agreement with Charter. Liberty Broadband’s debt increased slightly to $3.742 billion, primarily due to additional borrowing under the GCI senior credit facility.
Looking ahead, Liberty Broadband’s management remains optimistic about the merger with Charter, emphasizing the value it will generate for shareholders and the continued partnership with Charter’s management team. The company also plans significant capital expenditures in 2025 to enhance its network infrastructure in Alaska.