GCI Liberty reports FY2025 revenue up 3% to $1.046B, Adj OIBDA up 12% to $403M; completes $300M rights offering

GCI Liberty, Inc.

2025-FY EPS reported -$9.97 revenue$1,046,000,000

Full-year 2025 revenue $1.046B (+3% YoY); operating loss $347M due to $525M non-cash impairment; Adj OIBDA record $403M (+12%).
Q4 2025 revenue $262M (flat YoY); operating income $32M (flat); Adj OIBDA $90M (+7%).
Consumer revenue fell 2% to $474M; cable modem subscribers down 3% to 151,200. Business revenue up 7% to $572M.
Dec 2025 rights offering completed: ~$300M proceeds, 11.06M Series C shares issued. Cash & equivalents $429M at year-end.
FY2025 capex $224M net; free cash flow $146M. GCI leverage 2.3x; consolidated net leverage 1.6x after rights offering.

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