secwatch.observer — SEC 8-K summary
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Issuer:     GCI Liberty, Inc. (GLIBA)
CIK:        0002057463
Form:       8-K
Filed at:   2026-02-11T23:59:59+00:00
Accession:  0002057463-26-000004
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2057463/000205746326000004/0002057463-26-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2057463/000205746326000004/tmb-20260211x8k.htm
  HTML page:      https://secwatch.observer/filing/0002057463-26-000004

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