Liberty Broadband Q1: Charter investment fair value drops to $13.4B; GCI revenue flat, operating income up 28%

Liberty Broadband Corp

2024-Q1 EPS reported $1.69 revenue$245,000,000

Fair value of Charter investment fell from $18.0B to $13.4B as of March 31, 2024.
GCI revenue flat at $245M; operating income up 28% to $37M; Adjusted OIBDA flat at $90M.
Liberty Broadband repurchased 103K LBRDK shares at avg $79.88 for $8.2M from Feb-Apr 2024.
No Charter shares sold to Charter during period as fully diluted equity interest remained below 26%.
Total debt decreased $41M to $3.77B; GCI leverage at 2.8x.

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 first quarter 2024.

Period: first quarter 2024
Result: reported results

Exact text from the filing

On May 8, 2024, 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 March 31, 2024

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Liberty Broadband Corp filing history →

Source: SEC EDGAR

accession 0001611983-24-000014

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