GCI Liberty Q2 revenue +6% to $261M, Adj OIBDA +26%, spin-off completed July 14

GCI Liberty, Inc.

Operating income rose 70% to $51M; Adj OIBDA margin expanded 640 bps to 41.4%.
Business revenue up 14% to $142M driven by schools/healthcare upgrade cycle; Consumer down 2% to $119M.
Total debt reduced $86M to $1,047M; leverage ratio improved to 2.3x from 2.8x.
Supreme Court upheld Universal Service Fund constitutionality on June 27, providing regulatory clarity.
FY2025 net capex expected ~$250M focused on rural Alaska fiber projects to meet FCC Alaska Plan.

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