---
schema_version: "secwatch.filing_event.v1"
accession: "0002057463-25-000014"
form_type: "8-K"
ticker: "GLIBA"
cik: "0002057463"
company_name: "GCI Liberty, Inc."
filed_at: "2025-11-05T23:59:59+00:00"
generated_at: "2026-05-17T00:26:22.239077+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# GCI Liberty Q3 operating loss of $488M on $525M impairment; launches $300M rights offering

## Summary
- Revenue fell 2% YoY to $257M; operating loss of $488M driven by $525M non-cash impairment of intangible assets and goodwill.
- Adjusted OIBDA declined 8% to $92M; consumer revenue down 4% to $115M, business revenue flat at $142M.
- Consumer cable modem subs fell 3% to 153,100; wireless lines in service up 2% to 207,500; video business exited as of Sept 30, 2025.
- Board declared dividend of subscription rights to acquire Series C common stock for aggregate $300M at ~20% discount; John Malone intends to fully exercise basic and oversubscription privileges.
- Rights offering expected to commence Nov 26, 2025 and expire Dec 17, 2025; net proceeds for general corporate purposes, including potential Alaska acquisitions.

## SEC filing metadata
- accession: 0002057463-25-000014
- form_type: 8-K
- ticker: GLIBA
- cik: 0002057463
- company_name: GCI Liberty, Inc.
- filed_at: 2025-11-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2057463/000205746325000014/0002057463-25-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2057463/000205746325000014/tmb-20251105x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0002057463-25-000014
- JSON: https://secwatch.observer/filing/0002057463-25-000014.json
- Plain text: https://secwatch.observer/filing/0002057463-25-000014.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.