The earnings call highlighted significant achievements such as record revenue and strategic advancements with Charter, but also faced operational challenges, including a decrease in adjusted OIBDA and competition from Starlink. The outlook includes continued investment in infrastructure and the potential for increased competition.
Company Guidance
During the Liberty Broadband 2024 Year-end Earnings Call, significant guidance and metrics were discussed. The company announced a definitive agreement to be acquired by Charter, with the transaction expected to close by June 30, 2027. Liberty Broadband shareholders will receive $0.236 of a Charter share for each Liberty share they own, and the transaction has received shareholder approval. Prior to the acquisition, Liberty Broadband plans to spin off GCI, which achieved record revenue of over $1 billion in 2024, with a 4% annual revenue increase driven by data revenue growth. GCI's adjusted OIBDA for the year was $362 million, with a 4% decrease in Q4 due to higher SG&A expenses. Capital expenditures for 2024 were $193 million, and are projected to rise to $250 million in 2025, focusing on rural connectivity projects. Liberty Broadband had $229 million in consolidated cash and restricted cash, and $3.7 billion in debt, with Charter committed to repurchasing $100 million of its stock monthly to help reduce this debt.
Record Revenue Achievement
GCI achieved record revenue that crossed the $1 billion mark for the first time in 2024.
Revenue Growth
Revenue increased 5% in the fourth quarter and 4% for the full year, driven by strength in data revenue.
Transaction with Charter
Liberty Broadband is set to be acquired by Charter, with the transaction expected to close on June 30, 2027. Shareholders of Liberty Broadband have approved the transaction.
Positive Cash Flow
GCI generated solid adjusted OIBDA and free cash flow, distributing $150 million of dividends to Liberty Broadband in the year.
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Liberty Broadband (LBRDA) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LBRDA Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Feb 27, 2025
$78.75
$80.42
+2.12%
Nov 07, 2024
$100.25
$95.89
-4.35%
Aug 08, 2024
$62.93
$63.81
+1.40%
May 08, 2024
$52.40
$53.15
+1.43%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Liberty Broadband Corp (LBRDA) report earnings?
Liberty Broadband Corp (LBRDA) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Liberty Broadband Corp (LBRDA) earnings time?
Liberty Broadband Corp (LBRDA) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.