Liberty Broadband Q2 2023: GCI revenue up 3% to $245M, operating income improves to $32M

Liberty Broadband Corp

2023-Q2 EPS reported $2.18 revenue$491,000,000

GCI revenue $245M (+3% YoY); operating income $32M vs $10M; Adjusted OIBDA $92M (+2%).
Fair value of Charter investment $17.3B; no Charter shares sold May–July as diluted stake <26%.
GCI consumer data +4%, business data +9%; cable modem subs 159,600 (+3%), wireless lines 201,100 (+4%).
Total debt $3.83B, up $74M on Charter margin loan; margin loan amended to May 2026 at SOFR+1.875%.
GCI received $25M dividend post-quarter ($65M YTD); full-year capex expected ~$185M for rural network expansion.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Liberty Broadband Corp reported financial results for the quarter ended June 30, 2023.

Period: the quarter ended June 30, 2023
Result: reported results

Exact text from the filing

On August 4, 2023, Liberty Broadband Corporation (the "Company") issued a press release (the "Earnings Release") setting forth information, including financial information, which is intended to supplement the financial statements and related Management's Discussion and Analysis of Financial Condition and Results of Operations contained in the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2023

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Liberty Broadband Corp filing history →

Source: SEC EDGAR

accession 0001611983-23-000042

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