earnings
confidence high
sentiment positive
materiality 0.75
Liberty Broadband Q1: GCI revenue up 9% to $266M; spin-off on track
Liberty Broadband Corp
2025-Q1 EPS
reported $1.87
vs consensus $1.42
▲ beat
(+31.6%)
- GCI revenue $266M (+9% YoY), operating income $56M (+51%), Adjusted OIBDA $111M (+23%).
- Business revenue grew 13% to $145M driven by schools/healthcare upgrade cycle; Consumer revenue up 3% to $121M.
- Received $300M from sale of 830k Charter shares to Charter from Feb-Apr 2025; proceeds for debt service.
- Issued redemption notice for $860M 3.125% exchangeable debentures due 2054, to be cash settled by May 2025.
- GCI refinanced credit facility: new $450M revolver due 2030 and $300M Term Loan A due 2031; leverage 2.8x.