Successful Debt Management
Liberty Broadband issued $860 million of 3.125% Charter exchangeables and used it to repay $540 million under the Charter Margin loan and repurchase $300 million of existing exchangeables, extending the margin loan maturity to 2027 and spreading debt maturities through 2028, resulting in substantial interest savings.
Charter's Financial Performance
Charter reported solid EBITDA growth of 2.6% year-over-year and a 100 basis point margin improvement, with effective cost management and strong mobile segment performance.
Mobile Segment Milestone
Charter's mobile segment achieved profitability for the first time, with 557 mobile line net additions, driven by successful programs like the anytime upgrade program and phone buyout program.
TripAdvisor Strategic Progress
TripAdvisor reported positive early results from a strategy shift, with increased app users and better monetization opportunities, especially from AI-powered features and direct hotel bookings.