Liberty Broadband reports Q3 EPS 99c, consensus $1.65

Reports Q3 revenue $240M, consensus $245M. The company said, “Under the terms of Liberty Broadband (LBRDA) and Charter’s stockholder agreement, Liberty Broadband has sold and will continue to sell to Charter a number of shares of Charter Class A common stock as is necessary to maintain Liberty Broadband’s percentage equity interest at 26%(2) on a fully diluted basis. Such sales are executed by Liberty Broadband monthly based on Charter’s repurchase activity in the month prior. From August 1, 2024 through October 31, 2024, Liberty Broadband sold 225 thousand shares of Charter Class A common stock to Charter for total proceeds of $74 million.”