Liberty Broadband Q3 revenue down 3% to $240M; Charter stake valued at $20.7B

Liberty Broadband Corp

2023-Q3 EPS reported $3.29 revenue$731,000,000

GCI revenue $240M (-3% YoY); operating income $30M vs $1M prior year due to $19M litigation settlement reversal.
Adjusted OIBDA $85M (-1% YoY); GCI margin improved 80bps to 37.1%.
Sold 111k Charter shares in Oct for $48M; maintained 26% equity stake valued at $20.7B at Sept 30.
Repurchased 149k LBRDK shares at avg $88.18 for $13.1M; remaining buyback authorization ~$1.9B.

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 third quarter 2023.

Period: third quarter 2023
Result: reported results

Exact text from the filing

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 September 30, 2023

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39 earnings releases filed in the last 30 days. Browse all earnings releases →

Liberty Broadband Corp filing history →

Source: SEC EDGAR

accession 0001611983-23-000056

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